Funding and the Russia-Ukraine War: KYC for Crypto Transactions Proving Difficult

Flashpoint analysts have uncovered 262 cryptocurrency addresses used in advertisements for donations to either Ukrainian or Russian causes related to the war since February 21, 2022. As the Russian invasion of Ukraine draws more need for financial contributions to fund military and humanitarian relief needs, cryptocurrency has become a way for governments to directly source funds and bypass traditional aid processes that delay or restrict the aid they receive.

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March 11, 2022