Vitalik Buterin and Balaji Srinivasan Donate to Indian Covid Relief Fund Despite Country’s Intentions to Ban Cryptos

Register now on Binance, add 50$ and get 100$ bonus voucher!

The Covid-19 crisis is worsening by the day in India, with a record number of cases and deaths being reported in the country every day. The crypto community is beginning to show solidarity with the country, as major players such as the co-founder of Ethereum and a well-known investor have announced crypto donations to show support.

Buterin is also introduced with Makerdao

Indian tech founder Sandeep Nailwal, behind the massive Ethereum platform Polygon, has set up a crisis support fund, while Vitalik Buterin and Balaji Srinivasan have publicly announced their donations.

The 24th. In April, Neilwal announced on Twitter that he was launching a campaign to fight the pandemic in the pandemic-stricken country and asked for help from the crypto community, including:

I can’t sit here any longer, I’m going to defend Kovid instead of what’s happening in India. I need help from the global cryptographic community. I will take full responsibility for transparency, use of resources and compliance.

On the same day, Buterin thanked the Polygon founder for the campaign and posted evidence of his contributions to 100 Ethereum (ETH) and 100 Creators (MKR) on his Twitter profile, both worth more than $600,000 at the time of publication.

Srinivasan, the former CEO of the now publicly traded cryptocurrency company Coinbase, donated 21.74 ETH worth $54,224.66, according to In addition, he announced that for every HD that responds to his public call to contribute to the fund, he will donate amounts ranging from $50-100,000 to fight COWID in India.

Can crypto donations be blocked by the Indian government?

While this philanthropic initiative has been welcomed in the current difficult climate in India, there may be issues with donations in cryptocurrencies, especially in terms of regulation.

As News has reported in recent months, India is planning to propose a law to ban cryptocurrencies and punish anyone who trades or even owns these digital assets in the country.

But beyond that, the proposal could be tougher than expected, as the government is also reportedly considering blocking the IP addresses of cryptocurrency companies and exchanges where cryptocurrency transactions are made.

How about crypto donations to help India? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Register now on Binance, add 50$ and get 100$ bonus voucher!

Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of a product, service or company. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.

Related Tags:

Privacy settings,How Search works,balaji s. srinivasan,balaji s srinivasan wiki,balaji srinivasan family,balaji srinivasan wedding,balaji srinivasan – quora,1729 balaji

Register now on Binance, add 50$ and get 100$ bonus voucher!

Recent Articles

Tonga accepts Bitcoin donations amid tsunami onslaught

A small island of Tonga has been hit by a tsunami, and the country is calling for donations in Bitcoin. The nation’s Prime Minister...

How to Buy Solana (SOL) in India

It is important to know how you can buy SOL in India. It’s no secret that the Indian market has only recently begun to...

How to Buy Flow (FLOW) in India

Flow is a cryptocurrency that was introduced in June 2018. It uses the Ethereum blockchain platform, but has its own built-in digital currency called...

Moonbeam Goes Live on Polkadot, Becomes its First Fully Operational Parachain

Moonbeam, the world’s first fully operational on chain scaling solution was released into the wild this week. The Polkadot-powered platform aims to provide scalability...

Stacks ecosystem becomes #1 Web3 project on Bitcoin

The Ethereum blockchain, which powers the Stacks ecosystem’s token STX, has become the most important web3 project on Bitcoin. The announcement is a sign...

Related Stories