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- Jun 11, 2025 10:57 UTC
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Ukraine Proposes Law to Hold Bitcoin in National Reserves
Ukraine Eyes Crypto Reserves – A new draft bill in Parliament could let the National Bank of Ukraine hold Bitcoin and digital assets as part of its gold and forex reserves.
Modernizing Amid Crisis – Lawmakers say this pro-crypto move aims to boost economic resilience, attract global investors, and drive digital innovation during post-war recovery.
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.
Potential risks include Bitcoin’s price volatility impacting reserve valuation, cybersecurity threats for digital assets, and the need for significant legal and regulatory changes for proper management.
Lawmakers believe crypto can offer access to global markets, bypass traditional banking restrictions, act as a hedge against inflation, and empower digital economic growth, bolstering stability during crises.
Yes 
No 
