Ukraine may be the first European country to establish a Strategic Bitcoin Reserve, with the help of the crypto giant Binance. Ukrainian MP Yaroslav Zhelezniak has confirmed that he is going to present a bill to the parliament soon, which will be aimed at establishing a national Bitcoin reserve.
Zhelezniak, who also serves as Deputy Chairman of the Finance Committee, shared that the final step is refining the bill’s language. Earlier this year, he hinted at a law for a broader crypto reserve, but now he’s focusing strictly on Bitcoin.
According to Incrypted, Binance is ready to back the initiative. Kirill Khomyakov, Binance’s regional head for CEE, Central Asia, and Africa, confirmed the company’s support. However, he noted that Ukraine faces major legislative hurdles before the reserve becomes a reality.
“The creation of such a reserve will require significant changes in legislation,” said Khomyakov, warning that the process won’t be quick.
Still, Ukraine remains a crypto-friendly nation and is currently rolling out sweeping reforms in its digital asset space. The move also follows global trends. Binance founder Changpeng Zhao had earlier encouraged Kyrgyzstan to add Bitcoin to its reserves.
The push comes as Ukraine seeks a ceasefire with Russia, and some analysts believe peace talks could trigger bullish momentum in crypto markets.
If successful, Ukraine’s Strategic Bitcoin Reserve could not only boost national financial resilience but also inspire other countries in Europe to follow its lead. All eyes now turn to Kyiv’s parliament in the coming weeks.
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