Ukraine will soon be able to revise a legislative proposal to create a Bitcoin reserve from the state with the support of Cryptocurrency Exchange Binance.
According to Local mediaUkrainian parliament member Yaroslav Zhelezniak, who also functions as the first deputy chairman of the Financial Committee, has confirmed plans to soon introduce the drafts in the parliament.
“We will soon submit a draft law of the industry that makes the establishment of Crypto reserves possible,” said Zhelezniak.
Although the final version is still refined, Zhelezniak has made it clear that the initiative will concentrate exclusively on Bitcoin, which shifts from previous stages of broader crypto reserves.
If the bill is adopted, Ukraine would be the first European country to draw up a Bitcoin reserve run by the State.
The proposal has attracted interest from Binance, whose regional head for Central and Eastern Europe, Kirill Khomyakov, has expressed support for the initiative.
Speaking with the local media, Khomyakov said that the creation of such a reserve would require ‘important changes in legislation’, and noted that although the process may not be fast, it could bring the long -term benefits.
“Another positive aspect is that this initiative will probably lead to greater clarity in the regulation of crypto assets in Ukraine, because the government has to articulate its position on this issue more clearly,” he added.
Binance recently collaborated with various areas of law, including partnerships with Kyrgyzstan and Pakistan to develop Crypto instructions and to advise multiple governments on setting up National Bitcoin reserves.
Similar reserve models is already gaining grip elsewhere. In the United States, Texas legislators recently advanced the Senate account 21, which would enable the state -computer to invest in digital assets with market capitalization above $ 500 billion.
Arizona and New Hampshire have already taken steps in this direction. The Arizona fund will come from non -required digital assets, while New Hampshire has authorized up to 10% of its general fund to be assigned to Bitcoin and in the same way capitalized assets.
Outside the US there have been conversations about setting up Bitcoin reserves in countries such as Taiwan, Brazil, the Czech Republic, Russia and Sweden.
The growing interest of Ukraine in a Bitcoin reserve comes when the country continues to reform its digital activa family work. In April the Verkhovna Rada Committee on Finance, Tax and Customs Policy is unanimous approved A draft law on virtual assets.
However, the bill was later withdrawn from the consideration, reportedly to the initiative of the President’s office.
Although the progress of the draft law had been established, the legal efforts did not make that. The Ukraine securities controller has proposed a 23% burden for the crypto income, in which personal and military levies are combined.
