<\/p>\n
The Crypto Aid Israel collective has raised over $185,000 since its creation less than two weeks ago and has distributed aid to several humanitarian groups.\u00a0<\/p>\n
The organization has carried out two rounds of aid distribution so far, dispensing around 200,000\u00a0shekels ($50,000). Nongovernmental organizations benefitting from its efforts include the Foundation for Advancing Citizens of Eshkol Regional Council, which has provided transportation and shelter to people living close to Gaza. <\/p>\n
Zaka has received funds to purchase medical equipment and protective gear for its workers on the front lines. <\/p>\n
Related: Crypto donations to surpass $10B in a decade: The Giving Block<\/a><\/em><\/strong><\/p>\n Lev Echad by Or Hanegev veHagalil, which normally works with at-risk youth, has received funds for food, hygiene products and clothes for residents of areas adjacent to Gaza who chose to remain in the areas to provide protection and support. <\/p>\n Latet is using funds for a large-scale operation to provide food and hygiene products for people from the south of Israel who remain there or have been relocated. Eyal Gura, crypto and new digital initiatives adviser to Latet, said:<\/p>\n \u201cWe believe that while modest initially, the crypto channel is an important, speedy and innovative one and will enable new contributors to join our global ecosystem and support Israel in such an important hour.\u201c <\/p><\/blockquote>\n Donations to Crypto Aid Israel can be made to a multisignature wallet via its website<\/a>. The organization warns people to be cautious when they donate, as phishing attacks have occurred.<\/p>\n Round two!<\/p>\n Our Finance Committee has decided on the next allocation of 100k NIS (~$25k):<\/p>\n \u200d\u2642\ufe0f40k NIS – Eshkol Foundation Watch & share this video to show how #CryptoAidIsrael<\/a> is helping the brave people of the south rebuild their lives. pic.twitter.com\/2SOlPTB7DW<\/a><\/p>\n \u2014 CryptoAidIsrael (@CryptoAidIsrael) October 16, 2023<\/a><\/p><\/blockquote>\n The Crypto Aid Israel initiative was led by the Israeli Web3 community<\/a>, with companies providing support as well. Global accounting firm KPMG assisted with fundraising and distribution. Zengo, Fuse, Wonderland, Psagot Equity and other companies have contributed to the effort as well. <\/p>\n There has been a renewed push to ensure that crypto is not used to fund terrorism. Binance has frozen wallets<\/a>\u00a0allegedly linked to the militant group Hamas, while the United States Treasury Department\u2019s Financial Crimes Enforcement Network has sanctioned a crypto operator<\/a> in Gaza with alleged ties to Hamas and has proposed a rule to designate<\/a>\u00a0cryptocurrency mixing as an area of \u201cprimary money laundering concern.\u201d Over 100 U.S. lawmakers sent a letter to the Treasury Department<\/a> enquiring about the use of crypto in financing terrorism on Oct. 17. <\/p>\n\n
\u200d\u2642\ufe0f40k NIS- @LevEchad<\/a>
\u200d\u2642\ufe0f20k NIS- Latet<\/p>\n