• After the tension increases between Russia and Ukraine, crypto donations for the latter’s defense are rising.
  • The US, European Union, and Ukraine object to Russia’s advances.
  • In other news, the Russian central bank embraced cryptocurrencies.

After the amazing support shown by the crypto community to Canadian truckers during the past couple of weeks, another great movement is brought to the public’s attention after Russia announced its military advancement to the Ukrainian borders.

The cryptocurrency community is raising funds for the Ukrainian defense, reaching an amount of $570,000 through Ukrainian NGOs. Meanwhile, Russia has already mobilized over 100,000 soldiers on the Ukrainian borders.

Russia has expressed its goals behind this behavior as a way to prevent Ukraine from becoming a member of the North Atlantic Treaty Organization (NATO).

Russian Deputy Foreign Minister Sergei Ryabkov said:

For us, it’s absolutely mandatory to ensure Ukraine never, ever becomes a member of NATO.

Russian President Vladimir Putin added:

Let’s imagine Ukraine is a Nato member and starts these military operations. Are we supposed to go to war with the NATO bloc? Has anyone given that any thought? Apparently not.

As for Ukraine, its government showed an obvious leaning toward NATO and Europe, when American President Joe Biden informed Ukrainian President Volodymyr Zelensky during a call that the USA will respond to any Russian aggression, as mentioned on CNN.

In other news, Russia announced that its central bank has changed its policy toward cryptocurrencies in general. Specifically, they have decided to embrace the crypto world, although no paperwork has been published or announced yet.

The Russian Central Bank announced that there are a lot of details yet to be agreed on. These will be brought to light once the proposal has been submitted, possibly by Feb. 18.

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