It is said that Ukraine is preparing legislation for one of the First Nations that Bitcoin officially holds in its national reserves.
According to Ukrainian media -outlet ConfusedMember of Parliament Yaroslav Zhelezniak confirmed that a draft law is being developed to support the initiative.
Zhelezniak, who also serves as the first deputy chairman of the Finance, Tax and Customs Policy Committee, revealed plans to submit the bill shortly. However, the final language is still being assessed.
The interest of Ukraine to keep Bitcoin comes when the country adopts digital assets wider. A chain analysis of 2024 report Rank the country in the top 10 for global crypto acceptance. Likewise, facts From Bitcoin Treasuries shows that officials in the country jointly have 46,351 BTC, which is worth around $ 5 billion.
These figures are not surprising, since Ukraine has received millions of dollars in crypto donations since the start of the conflict with Russia.
In addition, the government has also taken steps to formalize the legal status of cryptocurrencies within its jurisdiction, which marks an important milestone in its regulatory approach.
Moreover, the country is considering a new tax framework for crypto. Civil servants evaluate a tax rate of 5% to 10% on digital assets, aimed at regulating the market and supporting the national budget, in particular military and emergency spending.
Binance’s role in the Bitcoin -Ukraine reserve plan
According to the report, Binance, the world’s greatest crypto exchange per volume, advises Ukraine on his efforts to create a Bitcoin reserve.
Kirill Khomyakov, the regional head of the company for Central and Eastern Europe, reportedly said that Binance supports the initiative to create a sovereign digital reserve.
Khomyakov emphasized that important legislative updates will be needed before the reserve becomes reality. However, he also noted that the process could help to clarify the Okraine’s position with regard to Crypto Regulation, because it would require the government to define its policy more accurately.
Binance still has to respond CryptoSlate’s Request for extra comments.
In addition to Ukraine, Binance held similar conversations with countries such as Kyrgyzstan, where it also insists on the approval of crypto payments and promotion of digital financial education in the region.
This approach confirms the growing involvement of Binance in governments worldwide. The CEO of the Exchange, Richard Teng, recently stated that various countries have consulted the company about building crypto reserves and developing regulatory frameworks.
