How Ukraine’s wide use of cryptocurrency is playing out during the war
The terrible, unprovoked war in Ukraine has destabilized that country’s economy and banking system, leading both Ukrainian politicians and citizens to more seriously consider cryptocurrency. I’m pretty skeptical of crypto, but I want to come by that skepticism honestly, and I want to understand more about what was happening there, so I’ve invited Michael Chobanian to the show.
Michael is president of the Blockchain Association of Ukraine and founder of the Kuna Exchange, which lets people buy cryptocurrency and swap between them. Earlier this year, the Ukrainian government set up wallets on Kuna and other exchanges to accept donations to the war effort in crypto; in April, Bloomberg reported it had received over $60 million in crypto donations.
What’s more, earlier this year Ukrainian P...