Ukraine’s crypto industry has played a highly visible role in the ongoing war. Like much of the population, crypto businesses have scattered in the face of the Russian invasion. But the industry’s mobility means many are returning to some form of normalcy.
Now, many are returning to work, with varying success. And the nation, which recently passed a law aimed at cultivating the local crypto industry, is hoping crypto entrepreneurs will help it recover once peace is restored. Chobanian fled Kyiv at the start of the war. Using the exchange, he set up the wallet that the Ukrainian government took on for its fundraising. His account of doing so while a refugeeChobanian has since left Ukraine, he told The Block. In fact, the firm had already begun evacuating much of its staff back in January. The crypto industry lends itself to mobility, which means that much of that ecosystem has, like KUNA, relocated, both internationally and abroad.
Meanwhile, the nation’s Ministry of Digital Transformation has been outwardly supportive of the local crypto industry, and hasthat it will be able to lead the country’s economic recovery, especially if peacetime comes sooner rather than later.
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