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The initiative, dubbed Aid for Ukraine, is a collaboration between FTX, staking service Everstake and Ukraine. FTX converts the crypto donations to fiat and sends them to the fundraising account of the National Bank of Ukraine, where the donations will be used to support humanitarian aid programs and the Armed Forces of Ukraine.
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"This marks the first-ever instance of a cryptocurrency exchange directly cooperating with a public financial entity to provide a conduit for crypto donations," said the site.
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