Ukraine has introduced a invoice that may give its central financial institution the authorized proper to carry Bitcoin and different belongings as a part of its nationwide reserves. The draft law, submitted to the Verkhovna Rada on June 10, 2025, proposes updates to present laws to incorporate “digital belongings” within the overseas change 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 might 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 just lately mentioned with Binance’s regional head Kyrylo Khomiakov, that he believes Bitcoin might assist Ukraine strengthen its economic position and contribute to long run digital innovation.
The timing of the invoice is important as Ukraine has been underneath huge monetary strain since Russia’s invasion in 2022. Inflation stays excessive, the hryvnia has misplaced important worth, and the nation is closely reliant on worldwide support 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 battle effort by way of Bitcoin. They’d an official pockets arrange for donations, and their politicians had 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 light.
If this invoice is adopted, it might place Ukraine as one of many first nations to present its central financial institution the authorized means to hold Bitcoin as a strategic reserve asset.
