According to what Ukraine was approaching the adoption of bitcoin as a national reserve origin, a step that can enhance its financial flexibility amid the ongoing war with Russia.
According to the legislators, the legislators are working on a national reserve proposal for Bitcoin (BTC), with a bill in its final stages, according to Yaroslav Zhelezniak, a member of the parliament that certain The local media outlet plan is unlimited.
The suggestion was announced during the Crypto 2025 conference in KYIV on February 6.
Cointelegraph has reached Zhelezniak to comment on the invoice position but he did not receive a response through publication.
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Bitcoin has gained international attention as a national reserve origin since US President Donald Trump was elected in November 2024. On March 7, Trump signed an executive order to create a BTC national bachelor’s reserve.
A month later, Swedish MP Ricard Norddin issued an open letter urging the Minister of Finance Elizabeth Svenson to think about adopting Bitcoin as a national reserve origin, noting her increasing recognition as “hedging against inflation.”
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Legal challenges may delay adoption
While pushing Ukraine to the National Bitcoin reserves is a potential historical transformation in the encryption policy, it may take a “major legal change,” according to Kyrylo Khomiakov, the regional president of CEE, Central Asia and Africa, in the Crypto exchange.
“We commend Ukraine’s ambition to create a strategic coding reserve,” said Cointelegraph. “The implementation of such a reserve requires major legal changes, indicating that this process will not be fast.”
He added: “Another positive aspect is that this initiative will likely lead to greater regulatory clarity in Ukraine, where the government will need to clarify its position more clearly.”
According to what was reported, Ukraine was planning to give legitimacy to encrypted currencies in early 2025, with the final touches on a draft law in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF), according to Daniel Getmansv, head of the tax committee of Verkovna.
On April 8, the financial organizer in Ukraine suggested imposing taxes on some encrypted transactions as a personal income at a rate of up to 23 %, with the exception of encrypted transactions to the chipto and Stablecoins.
Not all votes in the Ukraine encryption industry are optimistic about the timing of the proposal.
“The country has been broken. More than 50 % of the budget for grants and loans provided by the European Union,” said Michael Chopinian, founder of the Ukraine -based KUNA Bursa Foundation. “The population decreases as soon as possible in the world. Men are kidnapped and sent to the army against their will.”
“What kind of BTC reserves are we talking about here? This is only done to turn your attention,” as Chophanian claimed.
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