UNICEF receives $2.5m in crypto from Binance to help Ukrainians: Crypto Moves

UNICEF receives $2.5m in crypto from Binance to help Ukrainians: Crypto Moves

RIYADH: The Binance Charity Foundation has announced a donation of $2.5 million in cryptocurrency for the UN Children’s Fund, known as UNICEF. The money will be used to finance the organization's efforts in Ukraine amid escalating hostilities with Russia that threaten a number of children and their parents, Bitcoin.com reported. “Humanitarian needs are increasing by the hour,” UNICEF said in a statement. UNICEF noted that the cryptocurrency donation comes at a time when the fund needs to expand its activities in Ukraine and neighboring countries that accept refugees. It also aims to reach every child in need of protection, and the number of children in Ukraine is 7.5 million. Binance, the world’s largest crypto exchange, announced last week a series of humanitarian activities and the donation of $10 million to Ukrainians. US President Joe Biden signed an executive order on Wednesday that sets out a national policy for digital assets. The order is “the first-ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology,” the White House said. “We welcome this approach and are ready to collaborate with agencies on behalf of the industry,” the Blockchain Association, which has 80 member