Ukraine Drafts Bitcoin Reserve Law With Binance Support

Ukraine is in the process of drafting legislation to establish a national strategic Bitcoin reserve. This initiative was confirmed by Yaroslav Zhelezniak, a Member of Parliament and the First Deputy Chairman of the Finance, Tax, and Customs Policy Committee. The draft law is currently being finalized and is expected to be submitted in the near future. This development follows an earlier mention by Zhelezniak in February 2025, where he hinted at preparing a draft law for the creation of crypto reserves, although no further details were provided at that time.

Binance, the global cryptocurrency exchange, is actively supporting Ukraine's efforts to build this Bitcoin reserve. While the extent of their collaboration has not been detailed, it is clear that there is active cooperation between the exchange and Ukraine's authorities. This support aligns with Binance's broader strategy of collaborating with multiple countries to establish Bitcoin reserves and develop crypto regulations. Binance CEO Richard Teng had previously mentioned the company's involvement in such initiatives, highlighting the growing interest from governments and sovereign wealth funds worldwide.

The interest in establishing national crypto reserves has been spurred by the pro-crypto policies of the United States, including an executive order to set up a strategic Bitcoin reserve. This has led to increased engagement between Binance and various countries, including Pakistan and Kyrgyzstan. In Kyrgyzstan, Binance co-founder Changpeng Zhao (CZ) signed a memorandum of understanding with the National Investment Agency to advise on blockchain technologies and regulatory frameworks. In Pakistan, CZ was appointed as a Strategic Advisor to the Pakistan Crypto Council, focusing on regulation, infrastructure, education, and crypto adoption. Although these initial discussions did not involve the establishment of national crypto reserves, CZ later recommended that Kyrgyzstan consider holding Bitcoin and Binance Coin in its reserves.

This move by Ukraine to create a national Bitcoin reserve is significant as it reflects a growing trend among governments to explore the potential of cryptocurrencies as a strategic asset. The support from Binance, a leading player in the crypto industry, further underscores the legitimacy and potential of this initiative. As the draft law progresses, it will be crucial to monitor the developments and the impact of this strategic reserve on Ukraine's financial landscape and its broader economic policies.