Ukraine Ready to Launch Europe’s First Bitcoin Reserve with Binance Support!

Jakarta, Pintu News – Ukraine is in the final stages of preparations to launch a national Bitcoin reserve, which will be the first of its kind in Europe. With support from Binance, the world’s largest crypto exchange, the initiative is expected to bring significant changes in the regulation of digital assets in the country.

Check out the full information in this article!

Ukraine and the National Bitcoin Reserve Plan

Ukrainian lawmaker Yaroslav Zhelezniak has confirmed that a draft law for a national Bitcoin (BTC) reserve is in its final stages and will soon be submitted to the Verkhovna Rada, Ukraine’s parliament.

Zhelezniak, who also serves as the First Deputy Chairman of the Committee on Financial Policy, Taxes, and Customs, emphasized that the main focus of this draft law is on Bitcoin (BTC) and not on other crypto assets. Zhelezniak has stated that this reserve aims to strengthen the Ukrainian economy amid global uncertainty and the ongoing conflict with Russia.

With Bitcoin (BTC) reserves, Ukraine hopes to reduce dependence on the traditional financial system and improve national economic resilience.

Also read: Peter Schiff Slams Michael Saylor About Unexpected Uses of Bitcoin, What Did He Say?

Binance Support and Necessary Legislative Changes

Binance, through its regional head for Central and Eastern Europe, Kirill Khomyakov, has expressed full support for this initiative. Khomyakov emphasized that the establishment of a Bitcoin (BTC) reserve would require significant legislative changes in Ukraine.

This shows that the process will not be quick, but it will bring long-term benefits to the regulation of cryptocurrencies in Ukraine. In addition, Khomyakov added that this initiative will help bring more clarity to the regulation of cryptocurrencies in Ukraine.

The government will need to articulate its position on cryptocurrencies more clearly, which in turn will help in the establishment of a stronger and more effective legal framework for the industry.

Also read: NODE ETF Officially Launched by VanEck, Offering Broad Access to Crypto Investments!

Global Implications and Comparison with Other Countries

This Ukrainian initiative is not isolated. Other countries such as the United States and Brazil have also started discussions on establishing Bitcoin (BTC) reserves. In the US, Texas has passed a bill that allows for the management of digital assets, while Arizona and New Hampshire have taken similar steps by allocating a portion of their general funds to Bitcoin (BTC).

Ukraine’s establishment of a Bitcoin (BTC) reserve could serve as a model for other countries in Europe and around the world. It demonstrates a paradigm shift from traditional finance to the broader digital, and could spark wider adoption of cryptoassets as part of national reserves.

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Reference

• Coingape. Ukraine to Introduce Bill to Create Strategic Bitcoin Reserve. Accessed on May 16, 2025
• BeInCrypto. Ukraine Bitcoin Reserve Binance Partnership. Accessed on May 16, 2025
• Crypto News. Ukraine Eyes Strategic Bitcoin Reserve Bill with Support from Binance. Accessed on May 16, 2025
• Featured Image: Verdict