Ukrainian Regulator May Create a National Cryptocurrency Bitcoin Reserve

Ukraine is considering creating a national strategic reserve in bitcoin BTC $102,333.78 Bitcoin -0.87% Market capitalization $2.03 trillion VOL. 24 hours $1.36 billion . This was stated by MP Yaroslav Zheleznyak, who said that he plans to submit a bill in the near future. Work on the document is already underway, although the text is currently being finalized. The initiative may become part of a broader process of legalizing and regulating cryptocurrencies in the country.

Back in February 2025, Zheleznyak announced his intentions to create cryptocurrency reserves, but did not disclose any details at the time. Now, he has explicitly confirmed that it is bitcoin that is being considered as a potential asset for the state reserve. At the same time, work is underway on legislative changes in the field of virtual assets, which should create a legal framework for such innovations.

The initiative was also positively assessed by international organizations. Kirill Khomyakov, Head of Binance 's Central and Eastern Europe, Central Asia, and Africa region, said that the company supports Ukraine’s desire to form a strategic crypto reserve. He emphasized that this will require profound changes in legislation, but at the same time will help to increase the transparency of cryptocurrency regulation in the country.

At the same time, the legislative process is not without its challenges. At the end of April, the relevant committee of the Verkhovna Rada approved a draft law on virtual assets, but the document was later withdrawn from consideration at the initiative of the President’s Office. According to Zhelezniak, the decision was influenced by the position of the National Securities and Stock Market Commission.

In response, the Commission stated that it did not have the authority to suspend the draft laws, but submitted a list of 80 comments and amendments to the document to the Parliament. Thus, the issue of forming a state bitcoin reserve is directly related to the further regulation of the status of cryptocurrencies in Ukraine, which still remains open.