*JUST IN*: 🇺🇦 Ukraine drafts new law to include digital assets like Bitcoin in the national reserve
Key Points About Ukraine’s Crypto Reserve Bill
1. Bill Number & Proposal
- The draft law, registered as No. 13356, was submitted to Ukraine’s parliament, the Verkhovna Rada, on June 10, 2025.
- It proposes amendments to the Law on the National Bank of Ukraine, authorizing the NBU to hold cryptocurrencies alongside traditional reserves like gold and foreign currencies.
2. Voluntary, Not Mandatory
- The bill does not require the central bank to buy Bitcoin but grants it the legal option to do so.
- Decisions on timing, amounts, and methods of acquisition would be left to the NBU’s discretion.
3. Rationale Behind the Move
- Lawmakers, led by Yaroslav Zheleznyak, argue that crypto reserves could strengthen macroeconomic stability** and support Ukraine’s digital economy.
- The initiative aligns with global trends, citing examples like the U.S., El Salvador, and Brazil, which are exploring state crypto reserves.
4. Potential Benefits
- Economic resilience: Diversification amid wartime financial pressures.
- Investor appeal: Could attract foreign capital and crypto-focused investments.
- Innovation signal: Positions Ukraine as a leader in sovereign crypto adoption in Europe.
5. Next Steps
- The bill is in the early stages and must pass parliamentary review. If approved, Ukraine could become the first European country to officially hold Bitcoin in national reserves.