As the conflict in Ukraine escalates, the world crypto sector has gathered millions in contributions to aid the country's citizens. The total amount of donations received for the invading country now exceeds $100 million.
SlowMist updates the total worth of all recorded bitcoin donations to Ukraine on a routine basis; it is a Chinese threat intelligence organization that maintains an online archive of recognized harmful addresses and addresses databases for other projects, like the endeavor to assist Ukraine in its present difficulties.
According to the SlowMist database of charity donations to the Ukrainian movement to sue for reconciliation in peace negotiations held with Russian authorities in Istanbul, Turkey, almost $104 million (USD) in crypto has been received for March 31.
According to a Ukrainian official, some of the funding goes toward defensive weapons and airdrops to artists and producers recording the Russia-Ukraine conflict.
Related Post:Ukraine's biggest bank suspends payments to exchange
This is the first attack on a sovereign country by another in Europe since WWII and the first to be chronicled in near real-time in a fast-evolving "NFT museum."
This demonstrates the potential of bitcoin as a major disruptor in how sovereign states wage war, relying on the battlefield of internet media and information warfare to dissuade violent assault and seek peace.
Ukrainian soldiers have decided to strike back in what was once a defensive struggle against the Russian Federation assault.
Today, the European Union agreed to ban all anonymous crypto transactions handled by exchanges, even those via self-hosted wallets. This law will apply to all transfers of any magnitude, requiring the identification of both payers and receivers of even the smallest digital asset transaction.
The legislation is part of a collection of modifications to the EU's Transfer of Funds Regulation to combat money laundering (TFR). It extends to the whole crypto industry the laws that apply to traditional transfers of above 1000 EUR.
EU ambassadors agreed to participate in eliminating the transaction floor for private crypto operations in December, claiming that the ceiling was already readily circumvented using crypto.
Related Post:The US is watching crypto used to avoid sanctions
The vote was narrowly carried out today, with the two necessary concessions passing by 58/52 and 62/51 votes. The left-leaning Renew and S&D parties overwhelmingly supported the amendments, while the right-leaning European People's Party (EPP) voted against them.
The party termed the new alteration a complete prohibition of self-hosted addresses.
