Ukrainian Crypto Entrepreneur: Bitcoin Is a Lifeline


More than 1,7 million Ukrainians have fled the country's borders since the start of the conflict, according to the United Nations, "the fastest-growing refugee crisis in Europe since World War II," in the words of the United Nations High Commissioner United Nations for Refugees, Felipe Grandi. Although some refugees transfer their funds in cryptocurrency as a method of safely storing and transferring their wealth across borders, "this is a small fraction, only among those who have previous experience with cryptocurrency," Obchakevich said. “For the average citizen in a panic, it is easier to collect a dollar or a euro. However, the frenzy near ATMs has only grown and it is now very difficult to withdraw money.