LATEST: Ukraine Proposes Law to Establish Bitcoin and Crypto Asset Reserve

Ukrainian lawmakers have introduced a new bill that would allow the National Bank of Ukraine to include cryptocurrencies such as Bitcoin in the country’s state reserves. The proposal submitted to parliament on Tuesday seeks to amend current banking laws to recognize crypto assets alongside gold and foreign currencies.

The bill does not force the central bank to hold Bitcoin but gives it the power to decide whether to allocate part of its reserves to digital assets. Member of Parliament Yaroslav Zhelezniak confirmed the news and emphasized that decisions on how much and when to invest in crypto will be left entirely to the central bank.

Supporters say this move will help Ukraine embrace global financial innovations and strengthen macroeconomic stability. Zhelezniak noted that a well-managed crypto reserve could support the country’s digital economy. He also referenced other nations like the United States El Salvador and Switzerland that are exploring or already holding crypto as part of their strategic reserves.

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