ChainTech Africa

Kyiv, Ukraine — The Ukrainian government is finalizing legislation to formally establish a national strategic Bitcoin reserve, a move that signals a deeper integration of cryptocurrency into the country’s financial framework. According to a report by Odaily, the bill is in its final drafting phase and will soon be submitted to parliament for approval.

Ukraine currently holds approximately 46,351 Bitcoin, valued at around $4.8 billion. These holdings have largely been accumulated through a combination of wartime donations, asset seizures, and various fundraising initiatives launched since the start of the Russian invasion. The new legislation aims to legitimize and incorporate these digital assets into the national financial strategy.

Ukrainian lawmaker Yaroslav Zhelezniak confirmed the imminent submission of the bill, which is expected to define the structure, governance, and strategic use of the Bitcoin reserve.

This is not Ukraine’s first attempt to formalize its approach to digital assets. In previous years, the Ukrainian parliament passed a virtual assets bill, but it was later withdrawn following objections from the presidential office and the National Securities and Stock Market Commission. Since then, the Commission has proposed over 80 amendments aimed at strengthening and clarifying the legal framework for crypto assets.

The establishment of a national Bitcoin reserve would mark a significant milestone in Ukraine’s evolving digital economy and financial resilience strategy, especially as it continues to navigate the economic pressures of ongoing conflict.

This strategic shift underlines the increasing role of cryptocurrencies in Ukraine’s long-term fiscal planning, potentially setting a precedent for other nations considering similar moves.