Country for PR: United Kingdom
Contributor: PR Newswire Europe
Monday, February 28 2022 - 07:16
AsiaNet
BINANCE TO DONATE US$10 MILLION TO UKRAINE HUMANITARIAN EFFORT
KYIV, Ukraine, Feb. 27, 2022 /PRNewswire-AsiaNet/ --

- COMPANY ALSO LAUNCHES CRYPTO-FIRST CROWDFUNDING SITE TO FURTHER HELP PROVIDE 
AID TO UKRAINE

Binance, the world's leading crypto and blockchain infrastructure provider, has 
committed US$10 million minimum to help the humanitarian crisis in Ukraine 
through its Binance Charity Foundation. The donation will be split between 
major intergovernmental organizations and nonprofit organizations already on 
the ground, including UNICEF, UNHCR, the UN Refugee Agency, iSans and People in 
Need, to help support displaced children and families in Ukraine and its 
neighboring countries. 

Binance has also launched a crypto-first crowdfunding site, called Ukraine 
Emergency Relief Fund to allow people to donate crypto to help provide 
emergency relief to refugees and children and to support logistics on the 
ground such as food, fuel and supplies for refugees. A donation of 16,042 BNB, 
with the equivalent value of US$6 million, has already been made by Binance.

CZ, Founder and CEO of Binance, said: "Watching this conflict escalate over the 
past four days has shocked our community to its core. We are proud to have been 
able to quickly rally our network to provide relief and support on the ground 
to those in need. This includes helping provide food, fuel, supplies and 
shelter for Ukrainians, which include countless Binance community members. We 
are using every resource and governmental channel we have to call on world 
leaders to end this conflict immediately."

Binance is also working with a number of local refugee groups who are actively 
working to expedite Ukrainians' passage across the border into safety in two 
neighboring countries.

Binance Charity has an ongoing collaboration with UNICEF 
[https://www.unicef.org/ukraine/en/emergency-response-conflict-eastern-ukraine] 
via its Luxembourg Committee, having worked together to provide assistance 
following the Beirut Explosion and to support COVID-19 global vaccination 
efforts (COVAX). Our latest donation will go towards protecting the welfare of 
Ukraine's 7.5 million children. As the conflict escalates so will the needs of 
the children and their families. UNICEF's current actions include 
pre-positioning of critical supplies, providing safe drinking water, supporting 
families on the move, child protection, emergency educational resources and 
psychosocial support. 

UNHCR [https://www.unhcr.org/ua/en], the UN Refugee Agency is a global 
organization dedicated to saving lives, protecting rights and building a better 
future for people forced to flee their homes because of conflict and 
persecution. UNHCR has been on the ground in Ukraine providing critical relief 
and shelter to people forced to flee since 2014. With a longstanding presence 
in the region, field operations across the country and warehouses with 
prepositioned relief items and shelter kits, UNHCR continues to stay and 
deliver humanitarian assistance whenever necessary and possible. We're 
supporting UNHCR to help affected populations in the region by providing 
humanitarian, legal and social assistance including psychosocial support and 
emergency shelter to people in need. 

International Strategic Action Network (iSans [https://isans.org/en]) first set 
up an organization in Poland in 2020 to take in Belarussian refugees following 
the Lukashenko regime's crackdown on democratic protests. With their past 
experience in the region, they are well established to restart operations to 
help welcome Ukrainian refugees. 

People in Need 
[https://www.peopleinneed.net/what-we-do/humanitarian-aid-and-development/ukrain
e] is a non-governmental, non-profit organization, with expertise in supporting 
refugees that suffer the consequences of war. Having an operation in Slovakia 
opens up another critical path of exit for people. PIN's sister organization in 
Ukraine will reactivate its healthcare and food supply centers to help provide 
assistance to those who may not be able to leave. 

Since its inception in 2018, Binance Charity has donated $10 million USD to 
support projects helping in the wake of global disasters and to tackle complex 
social and environmental issues. 

Logo - https://mma.prnewswire.com/media/1755007/Binance_Logo.jpg

Source: Binance