Ukraine has launched a invoice that might give its central financial institution the authorized proper to carry Bitcoin and different property as a part of its nationwide reserves. The draft legislation, submitted to the Verkhovna Rada on June 10, 2025, proposes updates to current laws to incorporate “digital property” within the overseas alternate and gold reserves of the Nationwide Financial institution of Ukraine (NBU).
This doesn’t imply Ukraine is formally including Bitcoin to its steadiness sheet simply but, however it will give the central financial institution the inexperienced gentle to take action sooner or later.
One of many invoice’s co-sponsors, Member of Parliament Yaroslav Zhelezniak, emphasised that the laws is about granting permission, not making it a requirement. “Whether or not and to what extent they really achieve this,” he stated, “is as much as the establishment itself.”
Zhelezniak lately mentioned with Binance’s regional head Kyrylo Khomiakov, that he believes Bitcoin may assist Ukraine strengthen its financial place and contribute to long run digital innovation.
The timing of the invoice is important as Ukraine has been beneath huge monetary stress since Russia’s invasion in 2022. Inflation stays excessive, the hryvnia has misplaced vital worth, and the nation is closely reliant on worldwide assist and loans. The NBU has managed to carry roughly $44.5 billion in reserves, largely in U.S. {dollars} and authorities securities, however its room to maneuver is restricted.
Again in 2022, the Ukrainian authorities was actively elevating donations for the conflict effort via Bitcoin. That they had an official pockets arrange for donations, and their politicians have been publicly tweeting out the addresses asking for help. On the primary day alone, Ukraine’s official Bitcoin pockets raised over $3.5 million. By leaning into Bitcoin throughout their time of disaster, the federal government confirmed their perception and dedication in it, and this new invoice reveals that that dedication has not pale.
If this invoice is adopted, it may place Ukraine as one of many first nations to provide its central financial institution the authorized means to maintain Bitcoin as a strategic reserve asset.
