Ukraine has launched a invoice that will give its central financial institution the authorized proper to carry Bitcoin and different property as a part of its nationwide reserves. The draft legislation, submitted to the Verkhovna Rada on June 10, 2025, proposes updates to present laws to incorporate “virtual assets” within the overseas alternate and gold reserves of the National Financial institution of Ukraine (NBU).
This doesn’t imply Ukraine is formally including Bitcoin to its steadiness sheet simply but, however it will give the central financial institution the inexperienced mild 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 and to what extent they actually do so,” he stated, “is up to the institution itself.”
Zhelezniak lately mentioned with Binance’s regional head Kyrylo Khomiakov, that he believes Bitcoin may assist Ukraine strengthen its financial place and contribute to long run digital innovation.
The timing of the invoice is important as Ukraine has been underneath monumental monetary strain since Russia’s invasion in 2022. Inflation stays excessive, the hryvnia has misplaced vital worth, and the nation is closely reliant on worldwide help and loans. The NBU has managed to carry roughly $44.5 billion in reserves, principally in U.S. {dollars} and authorities securities, however its room to maneuver is proscribed.
Again in 2022, the Ukrainian authorities was actively elevating donations for the struggle effort by way of Bitcoin. That they had an official pockets arrange for donations, and their politicians had been publicly tweeting out the addresses asking for assist. 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 may place Ukraine as one of many first international locations to present its central financial institution the authorized capability to carry Bitcoin as a strategic reserve asset.
