- Ukraine prepares a law to create its first national Bitcoin reserve with support from Binance.
- The new draft bill focuses only on Bitcoin and avoids broader crypto rules to ease legal approval.
- Ukraine may become the first country in Europe to hold Bitcoin as part of its national reserve system.
Ukraine is finalizing legislation to create a national strategic Bitcoin reserve. A draft bill is currently being prepared. Ukrainian Member of Parliament Yaroslav Zhelezniak confirmed the effort this week. He also serves as the First Deputy Chairman of the Finance Committee. The proposed bill will allow Ukraine to hold Bitcoin as a national reserve asset.
Binance Offers Official Support for the Initiative
Binance, a major global cryptocurrency exchange, is backing Ukraine’s initiative. Its regional head, Kirill Khomyakov, confirmed the company’s cooperation. However, he acknowledged that legal obstacles must be addressed before progress continues.
Binance has also assisted other governments with crypto strategies. It recently advised Pakistan and Kyrgyzstan on regulation, infrastructure, and blockchain technologies.
In Kyrgyzstan, Binance founder Changpeng Zhao suggested adding Bitcoin and Binance Coin to national reserves. That recommendation followed similar meetings in Pakistan, where Zhao now serves as a strategic advisor.
Draft Law Under Review, Faces Legislative Challenges
The proposed Bitcoin reserve law is part of a broader legislative effort in Ukraine. Officials had earlier drafted a crypto-related bill in February 2025. That version was later withdrawn after regulatory objections.
According to local reports, Ukraine’s President’s Office expressed concerns over the draft. The National Securities and Stock Market Commission submitted more than 80 proposed amendments. However, the commission denied responsibility for the withdrawal.
Despite setbacks, the new draft focuses specifically on Bitcoin rather than general crypto reserves. Lawmakers are now working to finalize the text before submitting it to parliament.
Crypto Legalization Expected in Early 2025
Ukraine is already moving toward a full legal framework for digital assets. Authorities expect crypto legalization by early 2025. This process involves coordination with the National Bank of Ukraine and the International Monetary Fund.
The law aims to establish clear tax rules and anti–money laundering procedures. Capital gains tax will apply when profits from digital assets are converted to fiat currency.
Ukraine Aligns with Global Bitcoin Reserve Trend
Ukraine’s Bitcoin reserve plan reflects a broader international trend. Countries are exploring Bitcoin as part of national reserve strategies. In the United States, pro-crypto policies have prompted similar discussions.
President Trump issued an executive order earlier this year to explore a U.S. strategic Bitcoin reserve. That move has sparked interest among other governments and sovereign funds.
If Ukraine succeeds, it could become the first European nation to create an official Bitcoin reserve. Lawmakers expect to submit the draft law within weeks.
