Ukraine Moves to Add Bitcoin to National Reserves in Bold Financial Shift

Ukraine is about to include Bitcoin and other virtual assets in its national reserves. On June 10, 2025, eight lawmakers submitted...

Written by: Arslan Butt • Thursday, June 12, 2025 • 2 min read

• Last updated: Thursday, June 12, 2025

Quick overview

Ukraine plans to include Bitcoin and other virtual assets in its national reserves through a draft bill submitted by MP Yaroslav Zhelezniak.
The legislation aims to modernize Ukraine's digital finance and align with global financial trends.
If passed, Ukraine will become the first European country to establish a state-backed Bitcoin reserve.
The proposal has received positive feedback from the crypto industry, highlighting its potential to bring regulatory clarity.

Ukraine is about to include Bitcoin and other virtual assets in its national reserves. On June 10, 2025, eight lawmakers submitted a draft bill to amend the Law on the National Bank of Ukraine. The bill, led by MP Yaroslav Zhelezniak, will allow to include cryptocurrencies in the country’s gold and foreign currency reserves.

Zhelezniak said the legislation will modernize Ukraine’s digital finance and follow global trends. “We will be part of global financial innovation,” he said. According to the proposal, the National Bank of Ukraine (NBU) will be able to accumulate virtual assets, but not obliged to, so it will have flexibility in its reserve strategy.

This is not the first time Zhelezniak speaks about national crypto reserve. He mentioned it in May. The proposal reflects Ukraine’s intention to use macroeconomic potential of digital assets and explore new opportunities for growth.

Global Digital Reserves

Ukraine is not alone:

El Salvador: Holds over 5,800 BTC in reserves, just launched a “Bitcoin Office”.
Switzerland: Has blockchain in its financial sector.
Kyrgyzstan & Taiwan: Are studying crypto reserve integration.
Brazil and the Czech Republic: Launched pilot programs for crypto reserves.

Zhelezniak cited these examples to justify Ukraine’s move. He said virtual assets could be inflation-proof and diversified backing for national reserves.

Crypto Industry Supports the Bill

The bill got positive feedback from the crypto industry. Binance’s Central and Eastern Europe head Kirill Khomyakov said it will bring regulatory clarity.

“This will force the government to define its position on digital assets more clearly, and it will benefit the whole ecosystem,” Khomyakov said.

While the National Bank has the discretion to accumulate crypto, the proposal is a big step towards financial innovation. If passed by the Verkhovna Rada it will be the first European country to have state-backed Bitcoin reserve.

Main points:

The bill was submitted by MP Yaroslav Zhelezniak on June 10, 2025.
Ukraine will modernize its monetary policy with crypto.
Will be the first European country with state-backed Bitcoin reserve. We will be part of global financial innovation.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.