Ukraine Allegedly Eyes Bitcoin Reserves in Bold Crypto Policy Shift

Ukraine is reportedly drafting legislation that would allow it to officially add Bitcoin to its national reserves—potentially making it one of the first countries to do so.

The news, first reported by local outlet Incrypted, cites Member of Parliament Yaroslav Zhelezniak, who confirmed that the bill is in development. While the proposal is still being finalized, Zhelezniak noted plans to introduce it in parliament soon.

The move aligns with Ukraine’s increasing embrace of digital assets. Ranked among the top countries for crypto adoption in a 2024 Chainalysis report, Ukraine has become a key player in the global crypto space. Public records show that Ukrainian officials collectively hold over 46,000 BTC, worth around $5 billion.

Amid the war with Russia, the country has received millions in crypto donations and accelerated efforts to build a regulatory framework. A new tax proposal is also under review, which could impose a 5%–10% levy on crypto transactions to support public spending, particularly for defense and emergency relief.

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Global exchange Binance is reportedly advising Ukrainian officials on building a Bitcoin reserve. According to Kirill Khomyakov, Binance’s regional lead for Central and Eastern Europe, the exchange backs the initiative but acknowledges that substantial legal revisions are needed before implementation.

Binance’s involvement in Ukraine mirrors its strategy elsewhere, including in Kyrgyzstan, where it is helping shape crypto policy and promote digital finance education. CEO Richard Teng recently revealed that multiple governments are in talks with the platform about building sovereign digital reserves.

Alexander Stefanov