Ukraine to Create a National BTC Reserve

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Ukraine is set to launch Europe’s first national Bitcoin reserve in collaboration with Binance, the leading cryptocurrency exchange by trading volume.

This initiative positions Kyiv at the forefront of state cryptocurrency adoption amid ongoing conflict and financial challenges.

The collaboration, reported by local media, represents a significant shift in Ukraine’s monetary strategy. MP Yaroslav Zheleznyak confirmed to the Ukrainian publication Incrypted that the draft law for establishing a strategic Bitcoin reserve is nearing completion.

Zheleznyak, the first deputy chairman of the Committee on Finance, Taxation, and Customs Policy, stated that the draft would soon be presented to the Verkhovna Rada, Ukraine’s parliament. “We will soon submit a draft law from the industry allowing for the creation of crypto reserves,” Zheleznyak said.