$108 million has been donated to Ukraine over multiple wallets, with huge names in the space giving millions of dollars.
that it would distribute over $10 million to clients who created an account from Ukraine before Mar 9 for relief efforts. Regardless of their account balance, Ukrainian clients of Kraken will receive $1,000 in BTC each during the first tranche of fund disbursement, which ca be withdrawn immediately. The exchange also waived currency exchange fees for withdrawals of up to $1,000.
"Cryptocurrency remains an important humanitarian tool, especially at a time when many around the world can no longer rely on traditional banks and custodians." Funds will be distributed throughout the year, in part to give Ukrainian residents time to complete Kraken's"intermediate" Know-Your-Customer verification process. Perhaps ironically, fees collected from Russia-based Kraken accounts will partly fund the aid package.
Kraken will distribute over $10 million worth of to aid clients in Ukraine. Tranche 1 recipients will be credited $1000 of
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