Ukraine parliament to begin consideration of crypto assets bill
Ukraine introduces bill to allow Bitcoin in national reserves
On Tuesday, Ukrainian lawmakers submitted bill No. 13356 to the Verkhovna Rada, proposing to amend the existing law “On the National Bank of Ukraine” to allow the NBU to hold cryptocurrencies like Bitcoin as part of the country’s official state reserves.
While the measure would not mandate such holdings, it would grant the National Bank of Ukraine full discretion on whether, when, and how much crypto to include alongside traditional assets such as gold and foreign currencies, reports Cointelegraph.
Yaroslav Zhelezniak, a member of parliament, confirmed the bill’s introduction via his Telegram channel, emphasizing that the central bank should retain full autonomy over any future allocation.
Crypto reserve seen as a tool for economic resilience
Zhelezniak and other backers view the proposal as a strategic modernization move, aligning Ukraine’s monetary policy tools with emerging global financial practices. “Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,” he wrote.
Although symbolic for now, the measure lays a legal foundation for potential future Bitcoin or crypto allocations, which could be used to hedge against geopolitical and inflationary risks, especially during times of conflict or sanctions. The flexibility embedded in the proposal gives the NBU a risk-managed framework for integrating digital assets as the landscape matures.
Ukraine joins global shift toward crypto-backed reserves
In a video discussion with Binance regional head Kirill Khomyakov, Zhelezniak cited a growing list of countries experimenting with or advocating for crypto-based strategic reserves, including the United States, Switzerland, Brazil, and El Salvador.
While Ukraine has not yet pursued any official crypto purchases, it has been a notable adopter of blockchain tools for aid and military fundraising during the war. If passed, the bill could make Ukraine one of the first European nations to legally enable sovereign crypto reserves, potentially signaling a broader trend of digital asset integration at the state level in the post-war economic recovery.
Recently we wrote that Ukraine may soon join the list of nations exploring Bitcoin as a strategic reserve asset, with lawmakers reportedly preparing legislation that would allow the country to hold crypto as part of its national reserves.
