According to information from Ukrainian media outlet Incrypted, Ukraine is preparing to establish a national Bitcoin reserve as one of the first countries in Europe.
This shows a bold move for using cryptocurrency at the government level.
This initiative is supported by global exchange Binance, which is planning to make Bitcoin an official part of the country’s financial system and to make clear regulations for digital assets.
Ukraine’s Bitcoin Reserve Proposal Gains Momentum
Ukraine’s Parliament member Yaroslav Zhelezniak, who is also the first Deputy Chairman of the Finance Committee, has confirmed that the final draft of legislation for creating the state Bitcoin Reserve is almost ready.
He also made it clear that the bill will be focusing only on Bitcoin and not any other Cryptocurrencies.
Zhelezniak said that creating a Crypto Reserve will be possible with the help of this new law and mentioned that the bill will be sent for approval soon.
If it gets approval, then Ukraine would be one of the first European countries to include Bitcoin in its national reserve.
Binance, which is a major company in the crypto world, is actively supporting Ukraine’s plan. Kirill Khomyakov, Binance’s regional head for Central and Eastern Europe, has explained that this move will need big changes in the law, but it will bring significant benefits for rules and the economy in the long term.
What is Driving Ukraine’s Bitcoin Reserve?
Ukraine is quickly creating new laws for digital assets to form a Bitcoin Reserve. With help from the Verkhovna Rada, the National Bank of Ukraine, and the International Monetary Fund (IMF), the country plans to fully legalize cryptocurrency in the first part of 2025.
Daniil Getmantsev, head of the Verkhovna Rada’s tax committee, said the government is planning to add rules to stop money laundering and tax profits that are made from Cryptocurrencies. This shows that Ukraine intends to use digital assets as part of its financial system.
Bitcoin Reserve Price Data and Market Context
As of May 15, 2025, the Bitcoin price is around $102,292.99, according to CoinMarketCap (CMC). This price is an important factor when talking about the value and future possibilities of the Bitcoin Reserve.
In a recent interview with Cointelegraph, Binance CEO Richard Teng said that more governments are interested in Bitcoin because it helps to diversify their national assets, particularly because the global economy is uncertain.
He added that the Strategic Bitcoin Reserve allows countries to protect themselves from changes in regular money while also using new technology.
Global Trend
Ukraine is following golabl trend for Creating Bitcoin Reserve. The United States recently made a big step when President Trump signed an order to create a Strategic Bitcoin Reserve with the help of seized assets.
Brazil is also working on its own national Bitcoin reserve, and lawmakers of Sweden are urging the government to include Bitcoin in its financial plans.
In this situation, Ukraine’s plan stands out because it is one of the first in Europe to adopt Bitcoin in this way. It might set an example that will encourage other countries to include bitcoin in their economic policies.
Expert Views on Ukraine’s Bitcoin Reserve Impact
Financial experts have shared their views on Ukraine’s plan to create a Bitcoin Reserve. Julia Robinson, a crypto analyst at CoinDesk, said that Ukraine’s decision might become a model for other countries that are trying to combine rules with new ideas.
Moreover, Kirill Khomyakov from Binance also stressed how important this plan is for making Ukraine’s crypto rules clearer. He said that this could change Ukraine’s market by opening new chances for investment and building trust with the institutions.
Conclusion
Ukraine is planning to create a Bitcoin reserve with the help of Binance and new laws; this might make the country the leader in using crypto at the national level in Europe.
This could help to change how countries see Bitcoin and might help them to include Bitcoin as an important part of their finances. People are watching to see how this will affect Ukraine’s economy and the future of national crypto reserves globally.
FAQs
1. When was Ukraine’s Bitcoin reserve news first reported?
This information was brought in May 14, 2025 news.
2. Who brought Ukraine’s Bitcoin reserve news to the public?
The Ukrainian media outlet incrypted brought news to the public.
3. Who is leading the Bitcoin reserve proposal in Ukraine?
Yaroslav Zhelezniak is leading the Bitcoin reserve proposal
4. Which organisations are working on Ukraine’s cryptocurrency rules?
Ukraine’s Parliament, National Bank, and the IMF are helping.
5. What is the current Bitcoin price relevant to Ukraine’s reserve?
As of May 15, 2025, Bitcoin is priced at around $102,200.
Glossary
Incrypted- A Ukrainian news website that reported the Bitcoin reserve story.
Yaroslav Zhelezniak- A Ukrainian MP leading the effort to create a national Bitcoin reserve.
Tax Rules- Laws to make sure profits from Bitcoin are taxed properly.
Verkhovna Rada- Ukraine’s Parliament, responsible for making laws.
Draft Law- A proposed rule that is being prepared before becoming an official law.
Sources
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