Ukraine is reportedly exploring the establishment of a national strategic Bitcoin Reserve in collaboration with Binance, one of the world’s leading cryptocurrency exchanges.
Government officials have confirmed that a bill related to this initiative is currently under development and nearing finalization.
“We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Yaroslav Zhelezniak, First Deputy Chairman of the Committee on Finance, Tax and Customs Policy, stated in an interview with local media on Wednesday.
Ukraine is considering partnering with Binance to create a national strategic Bitcoin reserve. Government officials confirm that a related bill is being drafted and will be submitted soon. Binance expressed support for Ukraine’s vision to establish a strategic crypto reserve.…
— Wu Blockchain (@WuBlockchain) May 15, 2025
The proposal has garnered significant attention online, with members of the crypto community labeling it a “very bullish” development.
MP Zhelezniak previously hinted at the prospect of a national crypto stockpile back in February 2025, though he refrained from providing additional specifics at that time.
Ukraine has demonstrated a consistent openness to cryptocurrencies, instituting digital asset-friendly regulations even amid its ongoing conflict with Russia. A report from Crystal Blockchain highlighted that the nation received over $225 million in cryptocurrency donations from supporters around the globe during 2022-2023.
The initiative to create a strategic Bitcoin Reserve is indicative of a broader trend toward institutional Bitcoin adoption. Should it come to fruition, Ukraine would become the first European nation to officially recognize Bitcoin as a state asset.
Binance to Assist Ukraine in Bitcoin Reserve Initiative
Binance has a history of collaboration with Ukrainian regulators to establish a favorable legal environment for digital assets. The prominent exchange is now extending its support to Ukraine’s ambition of forming a strategic crypto reserve, according to Kirill Khomyakov, Head of Binance in Central and Eastern Europe, Central Asia, and Africa, in an interview with Incrypted.
“Establishing such a reserve will necessitate significant legal modifications, suggesting that the process may not be swift,” Khomyakov remarked, though he did not provide a specific timeline for when the legislation might be completed.
He added that this endeavor is likely to enhance regulatory clarity surrounding crypto assets in Ukraine, as the government will be required to articulate its stance on these matters more concretely.
The proposed reserve is designed to bolster financial stability and serve as a safeguard against fluctuations in fiat currency, especially in light of Ukraine’s economic struggles in the post-war environment. Additionally, the initiative aims to elevate the country’s standing in the global tech landscape, attracting further interest from crypto enterprises and investors.
Binance has actively worked with governments worldwide to promote cryptocurrency adoption. Recently, the exchange partnered with Kyrgyzstan to implement a nationwide crypto payment infrastructure and launch blockchain education programs.
@binance teams up with Kyrgyzstan to roll out crypto payments and blockchain education, paving the way for a digital-first economy and regional innovation.#Crypto #Blockchain #Kyrgyzstanhttps://t.co/GgJMlByNVc
— Finance Newso.com (@Finance Newso) May 5, 2025
Global Trends in Bitcoin as a National Reserve Asset
In March, President Trump signed an executive order to establish a Strategic Bitcoin Reserve in the United States, which would be funded by Bitcoin accrued through federal asset forfeiture proceedings, as explained by White House crypto advisor David Sacks.
Meanwhile, Brazil is moving forward with plans to create its own sovereign Bitcoin reserve, buoyed by high levels of cryptocurrency adoption.
Additionally, last month, two lawmakers in Sweden urged their government to seriously consider incorporating Bitcoin into the nation’s financial strategy. They submitted a letter to Finance Minister Elisabeth Svantesson advocating for Sweden to start accumulating Bitcoin, either through direct policies or budget-neutral measures.
The post Ukraine Plans to Create Bitcoin Reserve With Binance, Bill in Progress: Report appeared first on Finance Newso.
