Ministry of Digital Transformation: Binance confirms intention to increase aid to Ukraine

Today, Mikhail Fedorov and Changpeng Zhao (known as CZ), the founder of the largest cryptocurrency platform Binance, discussed possible areas of further cooperation. Below we have summarized the main points of the conversation:

Binance has already provided $ 10 million in support to Ukraine and plans to increase this amount to $ 20 million in the near future.

This month, Binance will launch a charity cryptocurrency card for all Ukrainians who have been forced to leave the territory of Ukraine and need help.

The Binance team continues to work with the Ministry of Digital Transformation to implement crypto legislation and integrate the Diia app to identify Ukrainian crypto exchange users.

CZ confirmed that Binance strictly adheres to the requirements of the sanctions policy regarding Russian officials and banks on the sanctions list involved in the military aggression in Ukraine, and will respond 24/7 to specific cases where the sanctions regime may be violated.