According to reports, Ukraine approaches Bitcoin's adoption as a National Reserve Asset.
According to Yaroslav Zhelezniak, a member of parliament, the legislators are reported reportedly, a parliamentary member who confirmed the plan towards the local media -outlet -Incryptled.
The proposal was announced in the course of the Crypto 2025 conference in Kyiv on February sixth. “We will soon submit a draft law within the industry that enables the creation of crypto reserves,” said Zhelezniak.
CoinTelegraph turned to Zhelezniak a comment on the status of the draft law, but had not received a solution from publication.
Bitcoin has attracted international attention as a National Reserve Asset for the reason that election of US President Donald Trump in November 2024. On March 7, Trump signed an order from the chief to construct a National Bitcoin reserve confiscated with BTC, which was confiscated from criminal proceedings.
Source: Margo Martin
A month later, Swedish MP Rickard Nordin published an open letter wherein the finance minister Elisabeth Svantesson was asked to contemplate Bitcoin's adoption as a national reserve.
Legal challenges can delay adoption
While Ukraine's urge, after a national Bitcoin reserve, represents a potentially historical change in cryptopolitics, in response to Kyrylo Khomiakov, Regional CEE, Central Asia and Africa, this will require “significant legal changes” at Crypto Exchange Binance.
“We praise the endeavors of Ukraine to determine a strategic crypto reserve,” he told CoinTelegraph. “The implementation of such a reserve would require significant legal changes, which points out that this process is not going to be fast.”
He added: “Another positive aspect is that this initiative will probably result in greater clarity in Ukraine because the federal government has to articulate its attitude more clearly.”
According to the completion of a draft law in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF), the Ukraine was planned to legalize the Ukraine in early 2025, in response to Daniil GetMantsev, Head of the Vermhovna Rada.
On April 8, the Ukraine financial supervisory authority proposed certain crypto transactions as personal income with a sentence of as much as 23%, except crypto-to-crypto transactions and stable coins.
Not all voices within the crypto industry in Ukraine are optimistic for the time of the proposal.
“The country is broke. More than 50% of the budget are grants and loans from the European Union,” said Michael Chobanian, the founding father of the Kuna Exchange based in Ukraine.
“The population decreases with the fastest rate on the earth. Men are kidnapped and sent to the military against their will. What form of BTC reserves can we speak here? This only happens to distract their attention,” said Chobanian.
