Bitcoin's role in the Russia–Ukraine conflict and related sanctions dynamics (2022–2024)

1. Ukraine begins accepting Bitcoin and other crypto

   Feb 26, 2022Labels: Ukraine government, Bitcoin wallet, Ethereum wallet

   • CoinDesk
   • Cointelegraph

2. Ukraine announces planned donor airdrop

   Mar 2, 2022Labels: Ukraine government, Donor airdrop

   • CoinDesk
   • Vice

3. OFAC clarifies sanctions rules for virtual currency activity

   Mar 2, 2022Labels: OFAC, U S, Sanctions guidance

   • OFAC FAQ
   • Treasury

4. Ukraine cancels airdrop and pivots to NFTs

   Mar 3, 2022Labels: Ukraine government, NFT campaign

   • Blockworks
   • Fortune

5. Donations scale to near $100 million

   Mar 9, 2022Labels: Ukraine government, Crypto donations

   • CoinDesk
   • TIME

6. Ukraine legalizes crypto with “On Virtual Assets”

   Mar 16, 2022Labels: Volodymyr Zelenskyy, On Virtual, Ukraine law

   • TechCrunch
   • JURIST

7. OFAC sanctions Russia-based exchange Garantex

   Apr 5, 2022Labels: OFAC, Garantex, Cryptocurrency exchange

   • DOJ
   • Treasury

8. Zelensky launches UNITED24 fundraising platform

   May 5, 2022Labels: UNITED24, Ukraine government, Fundraising platform

   • United24
   • Wikipedia

9. Elliptic reports large pro-Ukraine crypto totals

   Mar 1, 2023Labels: Elliptic, Pro-Ukraine donations, Blockchain analytics

   • WEF

10. Elliptic highlights pro-Russian crypto fundraising growth

    Jun 29, 2023Labels: Elliptic, Pro-Russian groups, Bitcoin fundraising

    • The Block

11. U.S. Treasury targets Russia-linked virtual-asset services

    Mar 25, 2024Labels: U S, OFAC, Virtual-asset services

    • Treasury

12. Sanctions dynamics shift toward enforcement and adaptation

    Dec 31, 2024Labels: Sanctions enforcement, Crypto compliance, Stablecoins

    • Treasury
    • WEF