Skip to content

The CEO of Telegram donates 10 BTC for a charity project in Russia

May 28, 2020

Pavel Durov, founder and CEO of the popular messaging app Telegram, is said to have resumed his charity activity shortly after the end of the Telegram blockchain project.

Durov is known for his philanthropic activities, including a $ 1 million donation to Wikipedia. He has donated 10 bitcoins (BTC) to a charity project in Russia. Coins are worth around $ 96,000 at press time.

The donation helps people who have financial problems due to the coronavirus

The new donation is intended to support a project supported by political activist Yegor Zhukov, who has established himself as a symbol for protests against the Kremlin. The Bitcoin donated will be spent to help people facing financial difficulties due to the coronavirus pandemic, including the distribution of free food parcelsZhukov’s team announced on May 28 on Instagram.

The CEO of Telegram donates 10 BTC for a charity project in RussiaThe CEO of Telegram donates 10 BTC for a charity project in Russia

The Mutual Aid project led by Zhukov’s team started in early April and has reportedly supported nearly 3,000 people to date. The project started in response to the corona virus crisis with the goal of bringing people together to help each other independently of the government.

Durov uses a public Bitcoin address for the donation

A spokesman for the project informed Cointelegraph that Durov had contacted Zhukov by telegram before making the donation. The person said Durov expressed his willingness to support the project.

According to the representative The Telegram CEO completed the donation in a series of five transactions on May 24 and 25. Durov used the Bitcoin address that was reserved for general project donations, the person said.. At the time of going to print, the address, according to public data from Blockchain.com, is 12.7 BTC or around $ 120,000.

“The main goal of cryptocurrencies and telegram is government independence”

The donation comes amidst years of legal uncertainty about cryptocurrencies like Bitcoin in Russia. While Russia has not yet passed cryptocurrency laws, The government is currently considering fines and imprisonment of up to 7 years for the illegal issuance and use of cryptocurrencies. In addition to crypto insecurity, Russia is also faced with disagreements about the lifting of the telegram ban in the country. Telegram and cryptocurrencies continue to be used in Russia.

In solving the problem, Zhukov emphasized that telegram and cryptocurrencies basically have the same goals. Specially, are supposed to free us from the government and cannot be regulated, Zhukov told Cointelegraph. Zhukov thanked Durov for support and said:

“The main goal of cryptocurrencies and telegram is government independence. Therefore, neither should be regulated in principle. “

In his libertarian stance, Zhukov repeated a few words from Durow. “In the 21st century, the best legislative initiative is the lack of a”Durov argued in a manifesto that was published in the Russian media Afisha in 2012.