Ukraine is reportedly on the brink of a significant financial shift, moving closer to adopting Bitcoin as a national reserve asset. This development comes as the country seeks to bolster its economic resilience in the face of the ongoing war with Russia. Lawmakers are finalizing a draft bill aimed at establishing a Bitcoin (BTC) national reserve, according to Yaroslav Zhelezniak, a member of the Ukrainian parliament who revealed the initiative to local media outlet Incrypted.
The proposal was first introduced during the CRYPTO 2025 conference held in Kyiv on February 6. Zhelezniak stated, “We will soon submit a draft law from the industry allowing the creation of crypto reserves.” However, Cointelegraph’s attempts to reach Zhelezniak for further comment on the bill’s status went unanswered.
The notion of Bitcoin as a national reserve asset has gained traction internationally, particularly following U.S. President Donald Trump’s executive order in March 2024, which established a national Bitcoin reserve using confiscated BTC. Similar sentiments have echoed in Sweden, where MP Rickard Nordin urged the adoption of Bitcoin as a hedge against inflation.
Despite the ambition behind Ukraine’s proposal, experts caution that substantial legal changes will be necessary for implementation. Kyrylo Khomiakov, regional head at Binance, noted that while the initiative is commendable, it may not unfold swiftly due to the complexities involved. Moreover, the financial landscape in Ukraine remains precarious, with Michael Chobanian, founder of the Kuna exchange, expressing skepticism about the timing of the proposal amidst a budget heavily reliant on EU grants and loans.
As Ukraine navigates these uncharted waters, the potential establishment of a Bitcoin reserve could signify a pivotal moment in the country’s crypto policy, underscoring the need for regulatory clarity in a rapidly evolving digital economy.
