How Crypto Became Part of the War
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 10 March 2022
⏱️ 15 minutes
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| 0:00.0 | Hello Wall Street, Jordan, New York. This is Michael Chebanion. |
| 0:10.6 | Michael is the founder of the largest cryptocurrency exchange in Ukraine. |
| 0:14.9 | I'll be sounding a bit tired, stupid and slow. Sorry for that. Only sleeping for a couple |
| 0:23.3 | of hours a day. So yeah, that's the reality I have to live in. |
| 0:30.6 | Michael's exchange is called Kuna Exchange and it's helping the Ukrainian government raise |
| 0:37.1 | donations from around the world to help the war effort. Those donations are in cryptocurrencies. |
| 0:45.0 | We launched the fund for the government. It's the backbone of a fund is run on the Kuna |
| 0:52.7 | Exchange which is owned by me. The Ministry of Digital Transformation approached me and |
| 0:58.4 | asked me to set up the fund for the government. So that's what we did. |
| 1:04.3 | Michael sent this audio message last week to our colleague Paul Vina. Paul covers all things |
| 1:09.6 | crypto and has been watching what role crypto is playing in the conflict. So he went to |
| 1:15.2 | Kuna Exchange's website and saw the request for donations along with this message. |
| 1:21.2 | Let's stop the war. Let there be peace in crypto we trust for Ukraine we pray. |
| 1:26.8 | Using crypto to help pay for supplies during a war is something Paul hasn't seen before. |
| 1:32.8 | The most surprising thing is probably to see an actual nation-state government, in this |
| 1:38.2 | case Ukraine, appeal for donations via cryptocurrencies. And within a couple of days I think they |
| 1:46.2 | have 30 million dollars. Welcome to the journal our show about money, business and power. I'm |
| 1:55.6 | Kate Limbaugh, it's Thursday, March 10th. |
| 1:58.2 | Coming up on the show, how Ukrainians and Russians are turning to crypto in a time of war. |
| 2:17.0 | After Russia invaded, Ukrainian leaders stepped up their urgent requests for financial help. |
| 2:30.8 | And they were willing to be creative, which was evident two days after the invasion on Twitter. |
| 2:37.0 | They literally just put out a tweet from their verified account and they said we're raising money. |
... |
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