Ukraine plans new national Bitcoin reserve

Ukrainian authorities are preparing to establish a National Bitcoin Reserve alongside upcoming local crypto regulations. Lawmaker Yaroslav Zhelezniak is finalising draft legislation to support the initiative, signalling a major shift in adoption.

The move echoes recent efforts by the US to create a similar reserve and coincides with expectations of a price rally.

Efforts to regulate digital assets have progressed throughout 2025, with the Finance, Tax and Customs Policy Committee approving a draft bill earlier this year. Although the bill was later withdrawn due to challenges, discussions of a Strategic Bitcoin Reserve mark significant progress.

Debates continue over which agency would oversee crypto enforcement, including proposals for a new regulatory body or existing institutions like the National Bank.

Binance and other major crypto firms have welcomed the initiative. Kiril Khomyakov, Head of Binance in Central Asia, CEE, and Africa, highlighted the need for legislative changes and praised the potential for clearer crypto regulations in Ukraine.

The growing global support for digital assets, including from the US, has boosted institutional interest and market optimism.

Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!