Skip to main content

How Decentralized Finance is Fueling Decentralized Resistance in Ukraine

Long before Bitcoin donations began pouring in, the country had already taken the lead on cryptocurrency adoption.

The Russia-Ukraine conflict is a historical watershed for many reasons, among them the unprecedented role that cryptocurrency has played in international aid. Vladimir Karishev, the Ukrainian founder of Global Ledger, joined a Roundtable panel at Crypto Monday in San Juan to discuss the ongoing crisis and the outpouring of support from the crypto community.

In this segment, the panel discusses how Ukraine's particular conditions have allowed crypto to play a definitive role in International aid.

David Namdar points out that Ukraine has long been ahead of the game on cryptocurrency.

"Ukraine was only the second country to legalize Bitcoin," Namdar said. "It's the largest country to date that has legalized it, and now they're the first country to post an Ethereum address on Twitter to receive donations. This is a historical moment of a country utilizing and embracing cryptocurrency."

Scroll to Continue

Recommended for You

Krishiev points out that part of the Ukrainian resistance's success so far is due to its decentralization, which complements the decentralization of cryptocurrency.

"Putin physically can't win because all of our country, as a decentralized organism, is working," he said. "Ukraine not has only the biggest crypto adoption in the world, Ukraine was always a decentralized system. This why Russia simply can't capture the whole country."

Watch the full discussion below:

Roundtable Guests

Vladimir Karishev, Co-founder, Global Ledger

David Namdar, GP, Coral Capital

Sergii Grybniak, CTO, Waterfall

Isaac Rivera, Host, Crypto Mondays San Juan