Ukrainian legislators are taking the next step to bring crypto into the financial reserves of the country with a newly proposed bill.
A group of legislators submitted A bill on 10 June 2025, which proposes changes to the Law of the National Bank of Ukraine with which virtual assets can be included in the gold and foreign currency reserves of the country. The initiative was led by MP Yaroslav Zhelezniak and co -sponsored by seven other members.
The relocation follows the comments of Zhelezniak in May, when he first mentioned plans to create a National Crypto Reserve as part of a broader effort to modernize the digital activer of Ukraine. In commentary on the bill, Zhelezniak emphasized that it would give the bank the right to include virtual assets such as Bitcoin (BTC) in the country’s reserves.
“We, as members of parliament, believe that this step will help integrate Ukraine into global financial innovation. Good management of crypto reserves can strengthen macro -economic stability and access new opportunities for digital economic growth,” he shared Via Telegram.
However, the National Bank will retain the freedom to decide the accumulation process according to its own discretion. Zhelezniak added that the idea is not unprecedented, including referring similar efforts by countries such as the United States, Switzerland, El Salvador and Kyrgyzstan.
The bill has all the importance of market leaders. The regional head of Binance for Central and Eastern Europe, Kirill Khomyakov, who is in conversation with Zhelezniak with regard to the proposal, said that the bill could introduce legal benefits for the Crypto sector of Ukraine.
“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 said.
However, the benefits depend on the bill that is approved by the Verkhovna Rada, the parliament of Ukraine. If it is assumed, the Ukraine would make the first European country to draw up a Bitcoin reserve run by the State.
Similarly, other countries such as Taiwan, Brazil, the Czech Republic and Russia also work on including digital assets in their national reserves.
