The Ukraine invasion shows why we need crypto regulation By Cointelegraph

The Ukraine invasion shows why we need crypto regulation

CryptocurrencyMay 08, 2022 03:20AM ET

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The Ukraine invasion shows why we need crypto regulation

Shortly after the Russian invasion of Ukraine began, the Ukrainian government tweeted a request for funds in the form of Bitcoin (BTC), Ether (ETH) and Tether (USDT). The total received now stands at more than $60 million, according to Michael Chobanian, founder of Kyiv-based Kuna Exchange and president of the Blockchain Association of Ukraine, who posts regular updates via his Twitter (NYSE:TWTR) account.

Unlike support being pledged by governments around the world, these funds were available to the Ukrainian military within minutes — not weeks.

Uldis Tēraudkalns is the CEO of NexPay, a Lithuanian fintech startup providing banking infrastructure for the digital assets industry. Uldis has more than a decade of experience working in finance and managing venture investments, where he has served on the boards of different companies. Uldis holds a Master’s Degree in Finance from the Stockholm School of Economics and is a co-host of The Pursuit of Scrappiness, a leading business and startup podcast in the Baltics.

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The Ukraine invasion shows why we need crypto regulation

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