Srinivasan and Buterin Donate to India for COVID Relief

Last Updated on April 28, 2021 by Jason

Vitalik Buterin, co-founder of Ethereum, and Balaji Srinivasan are flexing their altruistic muscles as they contribute to a fund for COVID relief in India. Srinivasan donated after seeing this tweet:

He has since donated more than $50,000, and has encourage others to donate too.

Buterin then donated as well, through Ethereum at a value of more than $600,000. In response, Srinivasan pledged another $100,000, matching retweets of his appeal up to the six figures. However, this philanthropy isn’t set to be well-received by India’s government, as they prepare to discuss a ban on private cryptocurrencies.

Balaji Srinivasan

CEO of Policy 4.0, Tanvi Ratna, said, “this is a gutsy, though risky campaign, especially because under Indian law, foreign funds for charitable purposes are very closely scrutinized. That is probably the most sensitive area of foreign capital to choose to route crypto into.”

India said that there were 349,691 more cases on Sunday, which is a new record. The total daily deaths sat at 2,767. Countries around the globe are putting forth an effort to help India as it attempts to control this latest wave, including the United States.

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Jasonhttps://earthweb.com/
Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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