Ajay Kumar: Added citation

2023-07-04T11:31:21Z

Added citation

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	{{Short description\|COVID-related charity in India}}		{{Short description\|COVID-related charity in India}}
	~~{{Merge to\|COVID-19 pandemic in India\|discuss=Talk:COVID-19 pandemic in India#Proposed merge of COVID-Crypto Relief Fund into COVID-19 pandemic in India\|date=September 2021}}~~		The '''COVID-Crypto Relief Fund''' ('''Crypto Relief''') was announced on 24 April 2021 during the second wave of the [[COVID-19 pandemic in India]].<ref>{{Cite web\|date=14 May 2021\|others=Sophie Alexander and Tom Maloney, Bloomberg\|title=Why A $1 Billion Donation To India Covid Relief Shocked Memecoin Traders\|url=https://www.ndtv.com/india-news/a-1-billion-crypto-donation-to-india-covid-relief-in-memecoins-explained-2441443\|url-status=live\|access-date=2021-05-16\|website=NDTV\|archive-url=https://web.archive.org/web/20210514051303/https://www.ndtv.com/india-news/a-1-billion-crypto-donation-to-india-covid-relief-in-memecoins-explained-2441443 \|archive-date=2021-05-14 }}</ref><ref name=":2">{{Cite web\|last=Banerjee\|first=Prasid\|date=2021-05-13\|title=Crypto genius gives a billion dollars worth of joke coin for India covid relief\|url=https://www.livemint.com/news/india/crypto-genius-gives-a-billion-dollars-worth-of-joke-coin-for-india-covid-relief-11620892706902.html\|access-date=2021-05-16\|website=mint\|language=en}}</ref><ref>{{Cite web\|last=Mihindukulasuriya\|first=Regina\|date=2021-04-28\|title=India's 'Crypto Relief' Covid fund is all ready with nowhere to go\|url=https://theprint.in/tech/indias-crypto-relief-covid-fund-is-all-ready-with-nowhere-to-go/647397/\|access-date=2021-05-16\|website=ThePrint\|language=en-US}}</ref> India Crypto Relief Fund was founded by Sandeep Nailwal.<ref>{{Cite news\|title=India Covid Crypto Relief Fund to donate $15 million to UNICEF\|work=The Economic Times\|url=https://economictimes.indiatimes.com/tech/tech-bytes/india-covid-crypto-relief-fund-to-donate-15-million-to-unicef/articleshow/85694682.cms?from=mdr\|access-date=2021-11-09}}</ref>
	The '''COVID-Crypto Relief Fund''' ('''Crypto Relief''') was announced on 24 April 2021 during the second wave of the [[COVID-19 pandemic in India]].<ref>{{Cite web\|date=14 May 2021\|others=Sophie Alexander and Tom Maloney, Bloomberg\|title=Why A $1 Billion Donation To India Covid Relief Shocked Memecoin Traders\|url=https://www.ndtv.com/india-news/a-1-billion-crypto-donation-to-india-covid-relief-in-memecoins-explained-2441443\|url-status=live\|access-date=2021-05-16\|website=NDTV}}</ref><ref>{{Cite web\|last=Banerjee\|first=Prasid\|date=2021-05-13\|title=Crypto genius gives a billion dollars worth of joke coin for India covid relief\|url=https://www.livemint.com/news/india/crypto-genius-gives-a-billion-dollars-worth-of-joke-coin-for-india-covid-relief-11620892706902.html\|access-date=2021-05-16\|website=mint\|language=en}}</ref><ref>{{Cite web\|last=Mihindukulasuriya\|first=Regina\|date=2021-04-28\|title=India's 'Crypto Relief' Covid fund is all ready with nowhere to go\|url=https://theprint.in/tech/indias-crypto-relief-covid-fund-is-all-ready-with-nowhere-to-go/647397/\|access-date=2021-05-16\|website=ThePrint\|language=en-US}}</ref> The fund ~~has been able~~ to ~~provide~~ donations for ~~oxygen concentrators and oxygen cylinders~~.<ref name=":0">{{Cite web\|last=~~Madhukalya~~\|first=~~Anwesha~~\|date=14 ~~May~~ 2021\|title=India Crypto Covid ~~Relief Fund:~~ What ~~is it and how does it work~~?\|url=https://www.~~businesstoday~~.in/~~current~~/~~economy~~-~~politics~~/india-~~crypto~~-covid-~~relief~~-~~fund~~-~~how~~-~~did~~-it-~~start~~/~~story~~/~~439065~~.~~html~~\|url-status=live\|access-date=2021-05-16\|website=~~Business Today~~}}</ref> ~~Crypto exchanges in India are providing the expertise to convert the crypto money into~~ [[~~fiat money~~]]~~. Regulatory clearances have~~ also ~~been addressed~~.<ref name=":0" />
			==About the fund==

			All the donations were held in crypto wallets under a special entity in UAE - IN COVID SUPPORT FZE LLC. All wallet details - including the amounts collected under each cryptocurrency - are available to view publicly. <ref>{{Cite web\|date=2021-05-11\|title=Crypto relief for India's COVID-19 crisis pours in, even as it remains a legal grey area- Technology News, Firstpost\|url=https://www.firstpost.com/tech/news-analysis/crypto-relief-for-indias-covid-19-crisis-pours-in-even-as-it-remains-a-legal-grey-area-9611101.html\|access-date=2021-11-09\|website=Tech2}}</ref>

			In August 2021, the fund signed a deal with [[UNICEF]] [[India]] to procure 160 million syringes.<ref name=":1">{{Cite web\|last=Verma\|first=Mimansa\|date=14 October 2021\|title=The crypto community's efforts to plug India's syringe shortage have hit supply-chain hurdles\|url=https://qz.com/india/2073130/supply-chain-woes-hit-indian-crypto-communitys-covid-aid-efforts/\|url-status=live\|access-date=2021-10-22\|website=Quartz\|language=en\|archive-url=https://web.archive.org/web/20211014055416/https://qz.com/india/2073130/supply-chain-woes-hit-indian-crypto-communitys-covid-aid-efforts/ \|archive-date=2021-10-14 }}</ref> By mid-October 2021, the fund had "disbursed $36.28 million out of the $429.59 million collected till now in 10 different cryptocurrencies".<ref name=":1" /> [[Vitalik Buterin]],<ref name=":2" /> [[Brett Lee\|Bret Lee]] and [[Balaji Srinivasan]] are among the contributors.<ref>{{Cite web\|date=16 August 2021\|title=Crypto Relief Donations To India During Covid-19 Second Wave. What Was It?\|url=https://www.ndtv.com/business/crypto-relief-poured-into-india-during-covid-19-second-wave-what-was-it-2511771\|url-status=live\|access-date=2021-10-22\|website=NDTV\|archive-url=https://web.archive.org/web/20210816134922/https://www.ndtv.com/business/crypto-relief-poured-into-india-during-covid-19-second-wave-what-was-it-2511771 \|archive-date=2021-08-16 }}</ref><ref>{{Cite web\|date=2021-04-28\|others=PTI\|title=Brett Lee donates bitcoin to Crypto Relief for India's fight against COVID-19\|url=https://indianexpress.com/article/sports/ipl/brett-lee-donates-bitcoin-to-crypto-relief-for-indias-fight-against-covid-19-7291495/\|url-status=live\|access-date=2021-10-22\|website=The Indian Express\|language=en\|archive-url=https://web.archive.org/web/20210427142156/https://indianexpress.com/article/sports/ipl/brett-lee-donates-bitcoin-to-crypto-relief-for-indias-fight-against-covid-19-7291495/ \|archive-date=2021-04-27 }}</ref> [[Market (economics)\|Market]] volatility is also a challenge.<ref name=":3">{{Cite web\|date=2021-07-28\|others=Bloomberg\|title=What happened to $1 billion cryptos donated to India as Covid-19 aid\|url=https://www.livemint.com/market/cryptocurrency/what-happened-to-1-billion-cryptos-donated-to-india-as-covid-19-aid-11627459071249.html\|url-status=live\|access-date=2021-10-22\|website=Livemint\|archive-url=https://web.archive.org/web/20210728083112/https://www.livemint.com/market/cryptocurrency/what-happened-to-1-billion-cryptos-donated-to-india-as-covid-19-aid-11627459071249.html \|archive-date=2021-07-28 }}</ref>

	== References ==		== References ==

>DiplomatTesterMan: Added {{Merge to}} tag

2021-09-19T10:16:23Z

Added {{Merge to}} tag

New page

{{Short description|COVID-related charity in India}}
{{Merge to|COVID-19 pandemic in India|discuss=Talk:COVID-19 pandemic in India#Proposed merge of COVID-Crypto Relief Fund into COVID-19 pandemic in India|date=September 2021}}
The '''COVID-Crypto Relief Fund''' ('''Crypto Relief''') was announced on 24 April 2021 during the second wave of the [[COVID-19 pandemic in India]].<ref>{{Cite web|date=14 May 2021|others=Sophie Alexander and Tom Maloney, Bloomberg|title=Why A $1 Billion Donation To India Covid Relief Shocked Memecoin Traders|url=https://www.ndtv.com/india-news/a-1-billion-crypto-donation-to-india-covid-relief-in-memecoins-explained-2441443|url-status=live|access-date=2021-05-16|website=NDTV}}</ref><ref>{{Cite web|last=Banerjee|first=Prasid|date=2021-05-13|title=Crypto genius gives a billion dollars worth of joke coin for India covid relief|url=https://www.livemint.com/news/india/crypto-genius-gives-a-billion-dollars-worth-of-joke-coin-for-india-covid-relief-11620892706902.html|access-date=2021-05-16|website=mint|language=en}}</ref><ref>{{Cite web|last=Mihindukulasuriya|first=Regina|date=2021-04-28|title=India's 'Crypto Relief' Covid fund is all ready with nowhere to go|url=https://theprint.in/tech/indias-crypto-relief-covid-fund-is-all-ready-with-nowhere-to-go/647397/|access-date=2021-05-16|website=ThePrint|language=en-US}}</ref> The fund has been able to provide donations for oxygen concentrators and oxygen cylinders.<ref name=":0">{{Cite web|last=Madhukalya|first=Anwesha|date=14 May 2021|title=India Crypto Covid Relief Fund: What is it and how does it work?|url=https://www.businesstoday.in/current/economy-politics/india-crypto-covid-relief-fund-how-did-it-start/story/439065.html|url-status=live|access-date=2021-05-16|website=Business Today}}</ref> Crypto exchanges in India are providing the expertise to convert the crypto money into [[fiat money]]. Regulatory clearances have also been addressed.<ref name=":0" />

== References ==
{{Reflist}}

== External links ==

* {{URL|cryptorelief.in}}
{{India-stub}}{{COVID-19 pandemic in India}}
[[Category:COVID-19 pandemic in India]]

COVID-Crypto Relief Fund - Revision history

Ajay Kumar: Added citation

>DiplomatTesterMan: Added {{Merge to}} tag