In a significant leap towards modernizing its financial landscape, Ukrainian lawmakers have introduced a draft bill aimed at integrating cryptocurrency into the nation’s financial reserves. On June 10, 2025, a coalition of legislators led by MP Yaroslav Zhelezniak proposed amendments to the Law on the National Bank of Ukraine, allowing the inclusion of virtual assets like Bitcoin (BTC) in the country’s financial reserves.
This initiative reflects a broader ambition to modernize Ukraine’s approach to digital assets and bolster its economic framework. Zhelezniak highlighted the potential of this step, indicating that it could pave the way for Ukraine to embrace global financial innovation. He stated, “We, as members of parliament, believe this step will help integrate Ukraine into global financial innovation. Proper management of crypto reserves could strengthen macroeconomic stability and unlock new opportunities for digital economic growth.”
In line with these developments, the National Bank of Ukraine will have the discretion to manage the accumulation process of these virtual reserves. Zhelezniak noted that the concept isn’t entirely new, mentioning that several other nations, including the United States, Switzerland, and El Salvador, are already exploring similar initiatives.
The proposed bill has already garnered attention from industry stakeholders. Kirill Khomyakov, Binance’s regional head for Central and Eastern Europe, believes that if enacted, this legislation could offer significant regulatory benefits for Ukraine’s crypto sector. He commented, “This initiative will likely lead to greater clarity in the regulation of crypto assets in Ukraine, as the government will need to more clearly articulate its position on this issue.” Furthermore, if the Verkhovna Rada, Ukraine’s parliament, approves the bill, it could position Ukraine as the first European country to establish a state-run Bitcoin reserve.
As various countries such as Taiwan, Brazil, and Russia are also striving to integrate digital assets into their national resources, Ukraine’s prompt action could place it at the forefront of this global trend. By adopting a more progressive stance on cryptocurrency, Ukraine not only enhances its financial resilience but also opens doors to unexplored economic avenues.
