Ukrainian regulator will not adopt a law on cryptocurrency reserves

The Verkhovna Rada will not consider draft law No. 13 356, which provides for the creation of a cryptocurrency reserve in Ukraine. This was announced by the chairman of the parliamentary committee on finance, tax and customs policy Danylo Hetmantsev, LIGA.net reports. According to him, after consultations with the head of the National Bank, it became clear that the NBU does not support the initiative due to the high volatility of crypto assets.

Hetmantsev added that the authors of the bill did not expect a favorable reaction from the National Bank. According to him, there is no reason to expect that the document will be approved in the near future. The draft law was registered in June 2025 by a group of MPs led by Yaroslav Zheleznyak.

The document envisaged granting the National Bank the right to include virtual assets in the state’s international reserves, but did not contain an obligation to do so. Zheleznyak announced the preparation of this initiative in February 2025, and at the end of May he noted that the bill could be registered in the near future.

Skepticism about cryptocurrencies as a tool for preserving state reserves is shared by leading international financial regulators. In particular, in January 2025, European Central Bank President Christine Lagarde emphasized that central bank reserves should be liquid and not associated with money laundering risks.

A similar position was voiced by the Governor of the Swiss National Bank. He emphasized that cryptocurrencies remain too volatile and not liquid enough to keep the value of reserves in them.