PANews reported on May 15 that Ukraine is developing a legal framework for holding Bitcoin in its national reserves, and a special parliamentary committee led by financial officials is finalizing the draft legislation. Senior MP Yaroslav Zhelezniak confirmed that Ukraine plans to establish a cryptocurrency reserve infrastructure, and he is responsible for overseeing the preparation of relevant draft laws. The proposal aims to regulate the way the country acquires, stores and manages Bitcoin reserves, and strives to be consistent with cryptocurrency regulations expected to be introduced in 2025. The law will support the holding of digital assets for national fiscal planning, and the authorities will ensure transparency, compliance and supervision by the central bank and regulators.
It is reported that Ukraine is receiving support from Binance to establish a national Bitcoin reserve. The cooperation includes providing guidance on the reserve mechanism and technical infrastructure, and the two sides are actively discussing the implementation of the reserve strategy. In addition, Ukraine plans to coordinate with the National Bank and the International Monetary Fund to pass a comprehensive digital asset law in early 2025, covering fiscal policy formulation, exchange regulations, anti-money laundering measures and capital gains tax, etc., to clarify the legal responsibilities of market participants and state institutions.
