NEW: Ukraine has weaponized crypto and the operation involves one exchange, two ministries, five signatories and several bureaucrats as key players, deputy minister abornyakov tells CoinDesk. amitoj reports
Ukrainian flag patch affixed to flak vest in Odessa, Ukraine.
Ukraine’s de facto crypto ministry, the Ministry of Digital Transformation, is facilitating the buying of military equipment based on the demands of the Ministry of Defense, said Alex Bornyakov, the deputy minister at the ministry. The operation involves Kuna, the Ukrainian exchange that set up the donation addresses; two ministries; five signatories and several other government officials as key players.
“I cannot say who controls the multi-sig wallet since it is a security matter,” he said. “We moved to a safe location because it is impossible. A couple of times a day there are airstrikes, sirens, so we have to go in the shelter, the bombings, it’s complicated,” Bornyakov said. Ukraine’s President Volodymyr Zelenskyy, who has emerged as a rallying figure for the country, does not seem to be involved in these purchases.
“Right now we can’t just put a list of what we bought because the enemy is watching,” Bornyakov said. Ukraine’s government has asked eight different exchanges to freeze Russian accounts. So far, only some have responded directly, Bornyakov said, though he did not identify these exchanges.
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