Ukraine is allegedly going close to adopting bitcoin as a national reserve property, a step that can increase its financial flexibility between the ongoing war with Russia.
MPs are allegedly working on a bitcoin (BTC) National Reserve proposal, with a draft bill in their final stages, according to Yaroslav Jhelejniaq, a member of Parliament, WHO Confirmed The plan of local media outlets was provoked.
Zelezniaq said the proposal was announced during the Crypto 2025 conference in Kiev on 6 February. “We will soon present a draft law from the industry allowing the construction of the Crypto reserves.”
Cointelegraph reached zhelezniak to comment on the situation of the bill, but did not receive a reaction by publication.
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Since the election of US President Donald Trump in November 2024, Bitcoin has attracted international attention as a national reserve property. On 7 March, Trump signed an executive order to establish a national bitcoin reserve with BTC seized from criminal cases.
A month later, Swedish MP Record Nordin issued an open letter, urging Finance Minister Elizabeth Swaintson to consider adopting bitcoin as a national reserve assets, considering the coinlagraph on 11 April, citing his growing recognition as “hedge against inflation”.
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Legal challenges can delay adoption
While Ukraine’s push for a national bitcoin reserve marks a potentially historical change in the Crypto policy, it may require “significant legal changes” according to CEE, Central Asia and African Regional Head Curilo Khomiyakov in Crypto Exchange Benns.
He said, “We appreciate Ukraine’s ambition for establishing a strategic crypto reserve,” he told the coinlagraph. “Applying such a reserve will require significant legal changes, indicating that this process will not be accelerated.”
He said, “Another positive aspect is that this initiative will lead to more regulatory clarity in Ukraine, as the government will need to clear its attitude more clearly.”
Ukraine was allegedly planned to legalize cryptocurrency in early 2025, with the final form of Daniel Gatemantsev, the chief of the committee of Verkhovan Rada, in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF).
On 8 April, Ukraine’s financial regulator proposed to impose tax on some crypto transactions as personal income with a rate of up to 23%, except for Crypto-to-Crypto transactions and stabecoin.
All voices in Ukraine’s crypto industry are not optimistic about the time of the offer.
“The country is broken. More than 50% of the budget is in grant and debt from the European Union,” said Michael Chobanian, founder of Ukraine -based Kuna Exchange. “The population is decreasing at the fastest rate in the world. Men are kidnapped and sent to the army against their will.”
“What kind of BTC reserves are we talking about? This is only done to divert your attention,” Chobanian claimed.
https://www.youtube.com/watch?v=4MAIXTAWI
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