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In yet another update on growing Bitcoin adoption across the world, Ukraine has taken a significant step towards integrating digital assets into its financial system. The draft bill could pave the way for the National Bank of Ukraine (NBU) to hold cryptocurrencies like Bitcoin as part of the country’s official state reserves. This move reflects Ukraine’s growing interest in exploring the potential of crypto assets as part of its financial strategy. Crypto News: Proposed Amendments to Ukraine’s Financial Law This bill is called 13356 and is aimed at amending the current law “On the National Bank of Ukraine.” In particular, it is expected to enable the NBU to purchase and store crypto assets, including Bitcoin, in addition to the conventional reserves, including gold and foreign currencies. This latest proposal aims at updating the financial regulation laws in Ukraine and offering flexibility in the management of the reserve assets of the country. The bill does not require the bank to add cryptocurrencies to its reserves, even though it gives the NBU the right to do so. Yaroslav Zhelezniak, a member of parliament, and one of the bill sponsors said that the choice whether to purchase crypto assets will be dependent on the NBU discretion. On its judgment of the financial environment, the central bank would dictate when, what quantity, and what kind of digital assets should be added to the reserve. Zhelezniak stressed that such step would enable Ukraine to keep up with the international financial trends without losing the authority to manage its monetary policies. He mentioned that several other nations, including the United States, El Salvador, Switzerland, and Brazil, have been considering or already employing the same tactics of adding crypto assets to the country reserves. Potential Benefits of Crypto Reserves for Ukraine’s Economy Proponents declared that inclusion of…

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Filed under: News - @ June 11, 2025 12:23 pm