- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ukraine Finalizes Plans For Strategic Bitcoin Reserve Amid Legislative Push
By: bitcoin ethereum news|2025/05/16 19:00:12
0
Share
Ukraine finalizing draft bill to establish Bitcoin as a national reserve asset. Binance backs Ukraine’s Bitcoin plan but warns of legal hurdles and timeline delays. Proposal focuses solely on Bitcoin, not broader crypto adoption, amid ongoing war. Ukraine is preparing to establish a national Bitcoin reserve as lawmakers near completion of a draft bill formally introducing Bitcoin into the country’s strategic financial planning. The proposal is currently in its final legislative stages and is expected to be submitted to parliament in the coming weeks. The move marks a step in Ukraine’s cryptocurrency strategy as the country continues to deal with economic uncertainty amid the ongoing war with Russia. According to Ukrainian lawmaker Yaroslav Zhelezniak, a finalized draft of the Bitcoin reserve bill is almost ready for parliamentary presentation. Zhelezniak, Deputy Chairman of the Committee on Finance, Tax and Customs Policy, confirmed the bill’s status during discussions with local media outlet Incrypted. The initiative was first introduced publicly during the CRYPTO 2025 conference held in Kyiv on February 6, where Zhelezniak stated that a draft law allowing the creation of crypto reserves would be submitted soon. At the time, the focus was broader and included various digital assets, but the latest developments indicate the proposal will now center specifically on Bitcoin. Binance Indicates Support for Ukraine’s Proposal Kirill Khomyakov, Binance’s regional head for Central and Eastern Europe, Central Asia, and Africa, confirmed that the company is prepared to support the proposed Strategic Bitcoin Reserve. However, Khomyakov cautioned that the effort will require comprehensive changes to existing legislation. The current pace of Ukraine’s legislative process may pose challenges to timely implementation. According to Khomyakov, establishing a state-level Bitcoin reserve is not quick. He indicated that Ukraine must implement foundational legal reforms before proceeding with the reserve. These legislative adjustments are under consideration, but no specific timeline has been confirmed. Ongoing Conflict Shapes Economic Strategy The reserve proposal’s timing coincides with Ukraine’s negotiations to secure a ceasefire with Russia. According to reports, progress toward a peace agreement could affect broader market sentiment, including the cryptocurrency sector. However, no direct link has been confirmed between diplomatic efforts and the legislative push for the Bitcoin reserve. Even though similar actions by other nations have prompted interest in the market, Ukraine’s plan is still in the early stages. The bill’s introduction has not been scheduled so far. Before presenting it to parliament, lawmakers are editing the text to ensure clarity. The reserve proposal has been suggested at the same time Ukraine is negotiating a ceasefire with Russia. If work on a peace agreement improves, it could influence both the broader market and the cryptocurrency industry. No clear link has been proven between diplomats’ work and the decision to propose a Bitcoin reserve. The Russian proposal comes as Ukraine is working towards an agreement on a ceasefire with the Russians. Reports say that signs of progress toward a truce between Russia and Ukraine could impact the entire market, even cryptocurrencies. However, no direct link has been confirmed between diplomatic efforts and the legislative push for the Bitcoin reserve. For it to succeed, the bill needs support from legislators, matching policies, and approved regulations. If Ukraine embraces Bitcoin, it will join only a handful of countries that are doing the same. Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team. Source: https://blockchainreporter.net/ukraine-finalizes-plans-for-strategic-bitcoin-reserve-amid-legislative-push/
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App