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:
Can’t take this sitting down anymore, I am going to run a Covid relief campaign in lieu of what’s going on in India.
Need help from the Global crypto community.
I will take full responsibility for transparency, funds usage and regulatory compliance
If you want to donate.. 1/n
— Sandeep – Polygon(prev Matic Network) (@sandeepnailwal) April 24, 2021
He has since donated more than $50,000, and has encourage others to donate too.
If you’ve been fortunate enough to do well this year, consider joining me and @VitalikButerin by donating at the addresses below.
— balajis.com (@balajis) April 25, 2021
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.
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.