Ukraine is preparing to establish a national strategic Bitcoin reserve, indicating progress in its cryptocurrency sector. Yaroslav Zhelezniak, First Deputy Chairman of the Verkhovna Rada Committee on Finance, announced that a draft law for this reserve is being finalized and will be submitted soon, marking a step towards incorporating cryptocurrency into the national financial strategy.
🚨BREAKING:
UKRAINE PARLIAMENT EXPLORING NATIONAL STRATEGIC BITCOIN RESERVE LAUNCH WITH BINANCE
VERY BULLISH pic.twitter.com/XBQEgXubmD
— CryptoGoos (@crypto_goos) May 14, 2025
This initiative reflects Ukraine’s broader ambition to regulate and harness the potential of digital assets. Earlier in February 2025, Zhelezniak mentioned the preparation of legislation enabling the creation of crypto reserves but withheld details at the time. The current draft aims to provide a legal framework for holding Bitcoin as a state asset, which could enhance financial resilience and diversify national reserves.
Binance supports Ukraine’s plan. Kirill Khomyakov, Head of Binance in Central and Eastern Europe, Central Asia, and Africa, highlighted that establishing a Bitcoin reserve will require substantial legislative changes. He noted that this process will be gradual but beneficial, as it will likely clarify Ukraine’s regulatory stance on crypto assets and foster a more transparent environment for digital finance.
Ukraine’s cryptocurrency regulation has evolved recently, with the Verkhovna Rada Committee approving a draft law on virtual assets in April 2025. However, the bill was withdrawn at the request of the President’s Office, influenced by the National Securities and Stock Market Commission. The Commission proposed 80 amendments to enhance the legislation. A national Bitcoin reserve could make Ukraine a significant player in the crypto market, attracting investment and setting an example for other countries. Stakeholders expect more straightforward regulatory guidelines and greater institutional cryptocurrency adoption as the draft law progresses.
Notably, two Swedish lawmakers from different parties are advocating for Sweden to establish a national reserve of Bitcoin, moving away from traditional assets like gold. Their proposals, sent to the Finance Minister, suggest utilizing confiscated cryptocurrency as a method of acquisition, citing the United States’ recent initiative to incorporate Bitcoin into its reserves as a precedent.
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