Nonprofit organizations are leading an effort to raise millions of dollars in crypto to aid victims of Turkey’s major earthquake. The effort is the latest example of crypto being used to crowdfund cross-border responses — but will it avoid new regulation?
the addresses had been approved by Turkey’s Financial Crimes Investigation Board in spite of the ban of crypto payments by the nation's central bank in April 2021. MASAK did not immediately comment.to airdrop $100 per Turkish user in BNB, Binance’s native token, a sum worth roughly $5 million.
The effort is the latest example of crypto being used to crowdfund cross-border responses. Ukraine’s government raised millions of dollars for its war effort after Russia invaded in February last year. At press time, AVAX, Avalanche’s native token, makes up 55.56% of total donations sent to the Ahbap’s cryptocurrency addresses, worth some $1.1 million, per
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