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Ukrainian Vice Prime Minister Cancels Crypto Airdrop

Ukraine's Vice Prime Minister, Mykhailo Fedorov, has cancelled Ukraine's crypto airdrop. He has instead announced NFTs to support the Ukrainian Armed Forces.

1 min read
Bitcoin in Ukraine. Image: Shutterstock

Ukraine's Vice Prime Minister Mykhailo Fedorov has announced that Ukraine has cancelled its crypto airdrop.

The airdrop was set to commence today at 6pm Kyiv time.

"After careful consideration we decided to cancel airdrop," Fedorov tweeted.

He also announced, instead, Ukraine will have NFTs to support the country's armed forces. The tweet also points out that Ukraine does not have plans to issue any fungible tokens.

Ukraine's crypto crowdfunding

This update is the latest in a series of crypto related crowdfunding efforts on behalf of the Ukrainian government in the wake of Russia's invasion.

Previously, the Ukrainian government's official Twitter account was publishing information relating to the country's crypto donations.

Since yesterday, official updates have moved from the Ukrainian government Twitter account to that of the Vice Prime Minister, Fedorov.

During the last week, Ukraine has been receiving crypto donations in the form of Bitcoin, Ethereum, and other cryptocurrencies. On February 26, 2022, the government first announced it was "now accepting cryptocurrency donations."

Per blockchain records, the government has received over $10 million and $16 million in Bitcoin and Ethereum respectively.

To date, the total amount of cryptocurrency raised has reached over $50 million.

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