Ukraine plans to launch strategic Bitcoin reserves under new encryption law

According to Coincentral, Ukraine is developing a legal framework for holding Bitcoin in its national reserves, and a specialized parliamentary committee led by financial officials is finalizing the legislative draft. Senior parliamentarian Yaroslav Zhelezniak confirmed that Ukraine plans to establish a cryptocurrency reserve infrastructure, and he is responsible for overseeing the preparation of relevant legal drafts. The proposal aims to standardize the way the country acquires, stores, and manages Bitcoin reserves, striving to be consistent with the expected cryptocurrency regulations to be introduced by 2025. The law will support holding digital assets for national fiscal planning, and authorities will ensure transparency, compliance, and supervision by central banks and regulatory agencies. It is reported that Ukraine is receiving support from Binance to establish a national Bitcoin reserve, and cooperation includes providing guidance on reserve mechanisms and technological infrastructure. Both sides are actively discussing the implementation of reserve strategies. In addition, Ukraine plans to coordinate with the National Bank and the International Monetary Fund to pass a comprehensive digital asset law by early 2025, covering fiscal policy formulation, exchange regulation, anti money laundering measures, and capital gains tax, clarifying the legal responsibilities of market participants and state institutions.