1. Ukraine proposes bill to allow Bitcoin and crypto assets in its national reserves.
2. The central bank will decide independently how, when and how much crypto to acquire.
3. Move aligns Ukraine with global trends amid ongoing economic challenges.
4. Ukraine Charts Bold Path to Crypto-Backed National Reserves.

Ukraine advances toward national crypto reserve with Bitcoin bill as lawmakers propose amending central bank law to include crypto assets like BTC in gold and foreign exchange reserves.

Ukraine has taken a historic step toward integrating cryptocurrency into its national financial system. On June 10, 2025, a group of lawmakers in the Verkhovna Rada introduced Draft Law No. 13356, proposing amendments to the law “On the National Bank of Ukraine.” The bill would empower the central bank to include virtual assets like Bitcoin in the country’s gold and foreign currency reserves.

The legislation, which does not mandate crypto acquisitions but permits them, marks a significant shift in financial policy. The move is seen as both a response to Ukraine’s wartime economic instability and an effort to align with growing global trends in sovereign crypto adoption.

DRAFT LAW 13356: WHAT IT PROPOSES

Introduced by Yaroslav Zhelezniak, First Deputy Chairman of the Verkhovna Rada’s Committee on Finance, Tax and Customs Policy, the draft law grants the National Bank of Ukraine (NBU) discretionary authority to manage crypto reserves. The bill stipulates:

• Virtual assets, including Bitcoin, may be held as part of Ukraine’s national reserves.
• The NBU has full autonomy over the quantity, timing and method of acquisition.
• The legislation serves as an enabling mechanism rather than a requirement.

Zhelezniak emphasized via Telegram that this approach avoids political interference, stating, “How, when and how much should be the decision of the regulator itself.”

STRATEGIC RATIONALE & ECONOMIC IMPLICATIONS

Supporters of the bill believe that adding crypto to national reserves could improve macroeconomic stability. According to Zhelezniak, such a step would integrate Ukraine into global financial innovations and support the country’s fast-growing digital economy.

Ukraine already holds over 46,000 BTC, worth more than $5 billion, as per BiTBO data. Incorporating crypto formally into national reserves would help diversify the country’s asset base amid ongoing geopolitical tensions and inflationary pressures.

Proponents argue that, much like gold, Bitcoin acts as a hedge against systemic risks. By expanding its reserve toolkit to include digital assets, Ukraine could enhance its financial flexibility during crises.

UKRAINE JOINS A GLOBAL MOVEMENT

Ukraine’s initiative follows a broader global trend of sovereign crypto adoption. In 2021, El Salvador became the first nation to recognize Bitcoin as legal tender and establish a BTC reserve. The United States, under President Donald Trump, recently launched a “digital Fort Knox” initiative to create a strategic Bitcoin reserve.

Other nations including Switzerland, Brazil, China, the Czech Republic, Pakistan, Kyrgyzstan and various EU states are either exploring or implementing crypto-based financial strategies. Ukraine would become the first European country to legally permit its central bank to hold crypto in national reserves if the bill is passed.

EVERTZ PHARMA: GERMANY’S FIRST BITCOIN-RESERVE FIRM

Ukraine’s state-level ambition comes as private sector adoption also accelerates. Evertz Pharma GmbH, a German cosmetics company, has expanded its Bitcoin reserve with a new acquisition of 100 BTC worth over €10 million in May 2025.

The company has been allocating portions of its profits into Bitcoin since 2020. Group CFO Tobias Evertz explained that Bitcoin provides a store of value, inflation hedge and liquidity advantage. He noted plans to continue investing corporate profits into BTC to strengthen long-term financial resilience.

This demonstrates how both corporate and national treasuries are beginning to treat Bitcoin as a core reserve asset, reshaping traditional treasury management frameworks.

CHALLENGES & UNCERTAINTIES

Despite the enthusiasm, several key challenges remain. The Ukrainian bill does not yet clarify:

• Custodianship: How crypto assets will be securely stored or managed.
• Risk controls: What safeguards will be in place to manage price volatility.
• Regulatory alignment: How the policy will comply with existing international standards, such as FATF travel rules or Basel guidelines.

Experts warn that without robust infrastructure and clear operational guidelines, integrating crypto into national reserves could expose the country to unnecessary risks. Price volatility, cybersecurity threats and regulatory ambiguity remain central concerns.

Olena Sosidka, a fintech legal expert, noted that Ukraine still lacks comprehensive legislation around virtual assets, which has already caused regulatory bottlenecks and confusion. Without further legal clarity and technical readiness, the bill’s implementation may falter or face institutional resistance.

Moreover, Ukraine must consider how such reserves would interact with the country’s broader monetary goals, including exchange rate stability and inflation targeting. Adding a highly volatile asset class like Bitcoin into official reserves requires a delicate balancing act.

POLITICAL AND SYMBOLIC SIGNIFICANCE

Symbolically, the bill sends a powerful message. In the face of war, Ukraine is signaling a future-facing commitment to financial innovation. Crypto has already played a major role in Ukraine’s wartime fundraising efforts, from direct BTC donations to NFT-based aid campaigns.

By considering a formal crypto reserve, Ukraine elevates digital assets from ad hoc tools of survival to instruments of sovereign strategy. If the bill is passed, the country will not only gain diversification but also reputation benefits as a forward-looking financial actor in Europe.

The bill is currently under review by the Verkhovna Rada’s economic policy committee. Public consultations and further parliamentary debate are expected in the coming weeks. If approved, Ukraine could move rapidly toward implementation, possibly setting a precedent for other war-torn or economically fragile nations to follow.

A TURNING POINT FOR BITCOIN’S GLOBAL LEGITIMACY

While Ukraine’s bill does not guarantee crypto adoption, it builds momentum for Bitcoin’s rising status as a geopolitical asset. What was once dismissed as speculative tech is now being debated in parliaments, embraced in corporate treasuries, and written into central bank frameworks.

If implemented effectively, Ukraine’s initiative may inspire more countries to pursue strategic Bitcoin reserves, not just for diversification, but as a hedge against global uncertainty and centralized monetary risks.

Whether Bitcoin can meet the high demands of reserve status on a macroeconomic level remains to be tested. But Ukraine has clearly joined the vanguard of nations willing to experiment – and in doing so, it may help shape the financial architecture of the 21st century.

〈Ukraine Advances Toward National Crypto Reserve With Bitcoin Bill〉这篇文章最早发布于《CoinRank》。