-Huobi Charity and Finance Center for South-South Cooperation to raise $143,000 
USD in crypto donations to supply Africa, Southeast Asia, and Latin America 
with PPE-

Huobi Charity, the philanthropic arm and blockchain-based charity platform of 
Huobi Group, today announced a joint initiative with the Finance Center for 
South-South Cooperation (FCSSC), a non-profit international organization in 
Special Consultative Status with ECOSOC of the United Nations. To support 
coronavirus relief efforts in South-South countries, Huobi has launched a 
15-day charitable campaign in partnership with FCSSC to raise $143,000 USD in 
cryptocurrencies like Bitcoin (BTC), Huobi Token (HT), Tether (USDT), and HUSD.

The new campaign comes as global confirmed coronavirus cases exceed 4 million. 
Many South-South countries, which refer to developing countries located 
primarily in the Southern Hemisphere across Africa, Southeast Asia, and Latin 
America, have especially vulnerable populations. The region's relatively 
fragile healthcare infrastructure poses a grave risk as the pandemic spreads, 
and rural areas have overloaded healthcare systems that are ill-equipped to 
deal with an influx of COVID-19 cases. 

"The new coronavirus epidemic has become a global problem and needs to be 
addressed by all countries," stated Wu Zhong, Director General of FCSSC. "It is 
a beneficial attempt and exploration to apply blockchain technology to 
international public welfare cooperation and supervision."

By working with FCSSC, Huobi aims to provide much-needed medical supplies and 
personal protective equipment (PPP) to frontline healthcare workers and 
residents in those countries with insufficient medical resources to fight 
against the pandemic. The charity campaign aims to raise enough funding to 
supply between 300,000 and 500,000 face masks to affected regions.

Huobi is leading global donation efforts on cross-border charity platform 
Bithelp. To kick off the charity campaign, Huobi has contributed 17,711 HT 
worth an estimated $69,000 USD—nearly half of the target raise. Over the next 
week, Huobi will leverage its network and blockchain community to help raise 
the remainder. FCSSC will provide operational and logistical support to ensure 
medical supplies are sent to the areas and regions with the highest need. 

"The COVID-19 is an unprecedented health crisis that requires global 
collaboration across private and public sectors," said Ciara Sun, Head of 
Global Business at Huobi Group. "As a leading global digital asset and 
blockchain institution, we want to do our part and rally the crypto and 
blockchain community around a global cause that can help save thousands of 
lives."

The current campaign marks Huobi Charity's third initiative since its launch 
earlier this year. During the Wuhan outbreak in late January, Huobi committed 
$1.4 million USD to source and donate hundreds of thousands of medical masks, 
protective suits, oximeters, and other medical supplies to over 135 hospitals 
and community healthcare centers in affected areas. Last month, Huobi donated 
$50,000 USD in HT to the Indonesia-China Association of Economic, Social and 
Cultural Cooperation for the purchase and distribution of medical supplies to 
Indonesian hospitals. 


About Huobi Group

Consisting of numerous upstream and downstream enterprises, Huobi Group is a 
leading global blockchain company. Established by Leon Li in 2013, the 
company's Huobi Global exchange accumulative turnover exceeds US $3 trillion. 
Huobi proudly provides safe, secure, and convenient cryptocurrency trading and 
asset management services to millions of users in 170+ countries.


About Finance Center for South-South Cooperation

Finance Center for South-South Cooperation (FCSSC) is a non-profit 
international organization registered and founded in Hong Kong in April 2014. 
Since 2017, FCSSC has been in Special Consultative Status with ECOSOC of the 
United Nations. FCSSC is a comprehensive international hub for governments, 
international organizations and the private sector to promote and help achieve 
sustainable development in countries from the Global South. 


SOURCE: Huobi Charity