Ukraine Moves to Add Bitcoin to National Reserves

Ukraine is on the brink of becoming the latest nation to incorporate Bitcoin into its national reserves, as a draft bill advances through its final stages. Yaroslav Zhelezniak, a member of Ukraine’s parliament, revealed during the CRYPTO 2025 event in Kyiv that legislators are preparing to submit the proposal, which would legally permit the government to establish crypto reserves.

This potential shift occurs amidst a growing global interest in Bitcoin as a strategic asset. The United States has recently established a national Bitcoin reserve using coins confiscated in criminal cases, and Swedish politicians have also started advocating for Bitcoin as a safeguard against inflation.

However, Ukraine’s adoption of Bitcoin may encounter legal obstacles. Kyrylo Khomiakov, the regional head of a prominent cryptocurrency exchange, pointed out that substantial amendments to existing laws will be necessary, and the process could be protracted. Nevertheless, this initiative could provide greater clarity to Ukraine’s crypto regulations, particularly as the country continues its efforts to legalize digital assets with support from the National Bank and the International Monetary Fund.

Not everyone is in favor of the proposal. Critics such as Michael Chobanian, the founder of a major cryptocurrency exchange, contend that Ukraine’s current financial crisis and declining population make the Bitcoin plan impractical. He suggests that the proposal may serve more as a distraction than a genuine strategy.