Ukraine strategic Bitcoin reserve bill reportedly in final stages

Ukraine would approach the adoption of Bitcoin as a national reserve ratio, a decision that could strengthen its financial resilience in the midst of the in progress with Russia.

The legislators would work on a Bitcoin National Reserve proposal (BTC), with a bill in its last stages, according to Yaroslav Zhelezniak, a deputy who confirmed the plane of the local media inlaid.

The proposal was announced at the Crypto 2025 conference in kyiv on February 6. “We will soon submit an industry bill allowing the creation of crypto reserves,” said Zhelezniak.

Cointelegraph contacted Zhelezniak to comment on the status of the bill but had not received an answer by publication.

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Bitcoin drew international attention as a national reserve ratio since the election of US President Donald Trump in November 2024. On March 7, Trump signed an executive decree to establish a Bitcoin national reserve at the top with BTC confiscated in criminal cases.

A month later, the Swedish deputy Rickard Nordin published an open letter urging the Minister of Finance Elisabeth Svoltesson to consider adopting Bitcoin as a national reserve asset, citing his growing recognition as a “coverage against inflation”, Cointelegraph reported on April 11.

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Legal challenges can delay adoption

Although Ukraine’s push for a Bitcoin national reserve marks a potentially historical change in cryptographic policy, it may require a “significant legal change”, according to Kyrylo Khomiakov, regional head of EEC, Central Asia and Africa, to Crypto Exchange Binance.

“We congratulate Ukraine’s ambition to establish a strategic cryptography reserve,” he told Cintelegraph. “The implementation of such a reserve would require significant legal changes, which indicates that this process will not be rapid.”

He added: “Another positive aspect is that this initiative will probably lead to greater regulatory clarity in Ukraine, because the government will have to articulate its position more clearly.”

Ukraine would have planned to legalize cryptocurrencies at the beginning of 2025 with the finalization of a bill in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF), according to Daniil Getmantesev, head of the Tax Committee of Verkhovna Rada.

On April 8, the financial regulator of Ukraine proposed taxing certain cryptographic transactions as a personal income with a rate of up to 23%, excluding cryptographic and stable transactions.

All voices of Ukraine cryptographic industry are not optimistic about the time of the proposal.

“The country is broken. More than 50% of the budget is in subsidies and loans from the European Union,” said Michael Chobanian, founder of Kuna Exchange, based in Ukraine.

“The population decreases to the fastest rate in the world. Men are kidnapped and sent to the army against their will. What type of BTC reserves are we talking about here? This is only to divert your attention,” said Chobanian.

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