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Market News

Crypto has become an ‘Essential Tool of Ukraine’s Defence’

Written By:
Stuti Mansata

Last updated: August 25, 2025 2:45 PM
Published July 27, 2022 12:01 PM
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Last updated: August 25, 2025 2:45 PM
Published July 27, 2022 12:01 PM

Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov tweeted his support and optimism for crypto, saying that it has become an ‘essential tool of Ukraine’s defence’. 

He further said that crypto has provided flexibility and speed which has saved Ukrainian soldier’s lives. He expressed his optimism for the industry, saying “Every “crypto winter” leads to a “crypto spring”, but the industry is here to stay.”

The Minister said this in response to a national media outlet, The Kyiv Independent’s tweet, which said that the market crash hasn’t stopped ‘Ukraine’s crypto fundraisers from thinking creatively to save and raise much-needed funds for Ukraine’s military and humanitarian aid.’

Read Also: 5 Do’s and Don’ts to survive Crypto Market Crash

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Stuti Mansata - The Crypto Times' Former Content Writer
By Stuti Mansata
Living by the phrase 'as above, so below', Stuti Mansata is an IT Engineer and an ardent lover of words with a knack for finance and everything crypto.

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