Final Draft Of Strategic Bitcoin Bill Near Completion

According to Member of Parliament Yaroslav Zhelezniak, a draft law that would enable the creation of state-level BTC reserves is in its final stage. Speaking at the CRYPTO 2025 conference in Kyiv, Zhelezniak emphasized that a formal submission would be made shortly. The move positions Ukraine to follow the footsteps of the U.S., where President Donald Trump issued an executive order in March 2024 to establish a federal Bitcoin reserve.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Sweden also responded to this global shift when MP Rickard Nordin urged the country’s finance minister to consider Bitcoin as a hedge against inflation.

Legal Hurdles And Economic Realities

While promising, the legislation faces significant legal challenges. Kyrylo Khomiakov, Regional Head at Binance for Central and Eastern Europe, stated, “Implementing a strategic crypto reserve demands extensive legal reform. It won’t be an overnight process.”

Ukrainian regulators are also working to legalize crypto use in coordination with the National Bank and the IMF. On April 8, a proposal to tax specific crypto transactions at rates up to 23% was introduced, excluding crypto-to-crypto trades and stablecoins.

Skepticism From Within The Industry

Not all reactions have been positive. Michael Chobanian, founder of the Ukraine-based Kuna exchange, expressed doubts: “The country is broke. Over 50% of the budget is funded by EU grants and loans. Population is declining rapidly. What kind of BTC reserves are we even talking about? This is pure distraction,” he said.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ukraine Prepares To Make Bitcoin a National Reserve Asset appeared first on Coin Engineer.