Ukraine is eyeing Bitcoin as a part of its national reserves. On June 10, 2025, a group of lawmakers, led by MP Yaroslav Zhelezniak and co-sponsored by seven other members, introduced a draft bill to amend the Law on the National Bank of Ukraine. The goal? To officially include virtual assets like Bitcoin in the country’s gold and foreign currency reserves. Who knew crypto could make it to the big leagues?
This bold move follows Zhelezniak’s remarks in May, where he hinted at plans to create a national crypto reserve. According to him, this step would not only modernize Ukraine’s digital asset framework but also help integrate the country into global financial innovation. Zhelezniak believes that properly managing crypto reserves could strengthen macroeconomic stability and unlock new opportunities for digital economic growth. Bold words, right?
The National Bank of Ukraine will still have the final say on how to accumulate these assets, and it’ll keep full control of the process. Zhelezniak isn't the first to float the idea either. Countries like the United States, Switzerland, El Salvador, and even Kyrgyzstan are dabbling with the idea of adding digital assets to their reserves. So, Ukraine isn’t exactly blazing a trail here, but hey, it would still be a solid move.
Could Ukraine Be Europe's First Bitcoin Reserve?
The bill has already gotten the crypto world buzzing, with industry leaders paying attention. Kirill Khomyakov, Binance’s regional head for Central and Eastern Europe, is already in talks with Zhelezniak. According to Khomyakov, the bill could provide much-needed regulatory clarity for Ukraine’s crypto sector. He’s optimistic that it will help the government define its stance on crypto assets once and for all.
However, there's a big if here: the bill still needs approval from Ukraine’s parliament, the Verkhovna Rada. If it passes, Ukraine could become the first European country to establish a state-run Bitcoin reserve. Move over, traditional finance!
Meanwhile, other countries like Taiwan, Brazil, the Czech Republic, and Russia are also considering incorporating digital assets into their national reserves. Looks like Ukraine might just beat them to the punch, but will it? Stay tuned.
Gunel Ismayilova
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource, and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice. HODL FM strongly recommends contacting a qualified industry professional.
