NewsUkraine Proposes Law to Hold Bitcoin in National Reserves
Vignesh S G11 Jun 20253 min read
Ukraine is taking a bold step toward financial innovation. A new draft bill has been introduced in the Ukrainian Parliament that could allow the National Bank of Ukraine (NBU) to hold Bitcoin and other cryptocurrencies in its national reserves.
Ukrainian Lawmakers Push Pro-Crypto Legislation
On June 10, 2025, Ukrainian lawmakers submitted a draft law titled:
“Draft Law on Amendments to the Law of Ukraine On the National Bank of Ukraine regarding the inclusion of virtual assets in the gold and foreign exchange reserves of Ukraine.
This bill was proposed by several members of the Verkhovna Rada, including Yaroslav Zhelezniak, Oleksiy Zhmerenetskyi, Maksym Buzhanskyi, and others.
Zhelezniak confirmed the development through his official Telegram channel, calling it a step forward in modernizing Ukraine’s financial infrastructure.
What Does the Ukraine Crypto Bill Propose?
The proposed legislation does not mandate the NBU to buy or hold crypto assets. Instead, it gives the central bank the legal option to include digital assets like Bitcoin in its gold and foreign exchange reserves.
“How, when, and how much should be the decision of the regulator itself,” Zhelezniak clarified.
Why This Move Matters for Ukraine
With the ongoing war against Russia, Ukraine’s economy faces severe stress—GDP contraction, infrastructure damage, and dependence on foreign aid. The move to legalize crypto reserves could:
- Support macroeconomic stability
- Attract foreign investment
- Encourage digital innovation
- Help integrate Ukraine into the global economy
Strategic Crypto Reserves: A Global Trend?
Ukraine is not alone. Countries worldwide are exploring crypto reserves:
- In March 2025, the United States launched a Strategic Bitcoin Reserve.
- El Salvador made Bitcoin legal tender in 2021.
- Switzerland and Hong Kong have introduced crypto-friendly policies.
- Brazil is reportedly considering its own Bitcoin reserve.
Why Countries in Crisis Turn to Crypto
For countries facing economic instability or conflict, crypto offers:
- Access to global markets
- Bypass traditional banking restrictions
- Hedge against inflation and currency collapse
- Empower digital economic growth
Ukraine follows the path of others like:
- Pakistan, which created a Crypto Council in March 2025 and later allocated energy for Bitcoin mining and AI data centers.
- El Salvador, where economic instability led to historic adoption of Bitcoin.
Final Thoughts
If passed, Ukraine’s crypto bill could be a turning point—marking the country’s deeper alignment with global financial innovation. Allowing the central bank to hold Bitcoin as a reserve asset could not only strengthen the economy but also position Ukraine as a crypto-forward nation in the post-war recovery phase.
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FAQs
- By allowing crypto reserves, Ukraine could enhance financial stability, attract foreign investment in its digital economy, and integrate more deeply into global financial innovation for recovery.
