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Binance Charity Foundation Donates $2.5 Million in Crypto to UNICEF for Ukraine

Binance Charity is donating $2.5 million worth of cryptocurrency to support Unicef’s humanitarian efforts in Ukraine. Children are increasingly at risk due to the ongoing military clash with invading Russian forces.

Unicef to Fund Activities in Ukraine With Donated Cryptocurrency
The Binance Charity Foundation has announced a donation of $2.5 million in cryptocurrency for the United Nations Children’s Fund (Unicef). The money will be used to finance the organization’s efforts in Ukraine amid escalating hostilities with Russia that threaten a growing number of children and their parents.

“Humanitarian needs are increasing by the hour,” Unicef said in a statement. “Many children are profoundly traumatized by the violence all around them. Hundreds of thousands of people are on the move, and family members have been separated from their loved ones,” the organization added.

The crypto donation comes at a time when UNICEF is stepping up its activities in Ukraine and neighboring countries to assist refugees. Approximately 7.5 million children live in Ukraine, and the goal is to reach every child in need of protection.

Currently, the organization is working to ensure access to safe drinking water and healthcare, including in areas close to the lines of conflict. Through its partnership with local authorities, the Children’s Fund provides immediate assistance to families in need as well as child protection services and psychosocial care.

“We rely on the generosity and support of the global business community to help Unicef and our partners reach those children and their families whose lives and futures hang in the balance,” said Carla Hadid Mardini, Director of Unicef’s Private Fundraising and Partnerships Division in Geneva. She thanked Binance Charity for its support.

Binance, the world’s largest crypto exchange, announced a series of humanitarian activities and the donation of $10 million for the Ukrainian people last week. Binance Charity has been working with Unicef through its Luxembourg Committee.

Binance founder and CEO Changpeng Zhao commented that the rate at which the conflict in Ukraine is escalating has shocked the world. He also praised the collaboration between the Binance community and Unicef.
In 2019, Unicef launched a crypto fund, becoming the first U.N. organization to accept and disperse cryptocurrency to support projects for children around the world. In 2020, it also provided crypto investment funding of startups.

Since February when Russia launched its military assault on Ukraine, Ukraine has been raising funds in various cryptocurrencies. Kyiv authorities and non-government organizations have used crypto donations to support defense efforts and address humanitarian needs.

By donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund, you can help Ukrainian families, children, refugees, and displaced people.

Do you expect Unicef to receive more crypto donations in support of its humanitarian activities in and around Ukraine? Tell us in the comments section below.

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