Ukraine Plans to Launch Strategic Bitcoin Reserve Under New Crypto Law
Ukraine is developing a legal framework for holding Bitcoin in its national reserves, with a specialized parliamentary committee led by finance officials finalizing the legislative draft. Senior lawmaker Yaroslav Zhelezniak confirmed that Ukraine plans to establish cryptocurrency reserve infrastructure, and he is overseeing the preparation of the relevant legal draft. The proposal aims to regulate how the state acquires, stores, and manages Bitcoin reserves, striving to align with the anticipated cryptocurrency regulations set for 2025. The law will support holding digital assets for national financial planning, with authorities ensuring transparency, compliance, and oversight by the central bank and regulatory bodies. It is reported that Ukraine is receiving support from Binance to establish a national Bitcoin reserve, with collaboration including guidance on reserve mechanisms and technical infrastructure, and both parties are actively discussing the implementation of the reserve strategy. Additionally, Ukraine plans to coordinate with the National Bank and the International Monetary Fund to pass a comprehensive digital asset law by early 2025, covering fiscal policy formulation, exchange regulation, anti-money laundering measures, and capital gains tax, clarifying the legal responsibilities of market participants and state institutions.
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