May 14, 2025 — Ukraine is considering establishing a national Bitcoin reserve fund, a strategic move as the country continues to strengthen its legal framework for digital assets. This information was confirmed by Yaroslav Zhelezniak, First Deputy Chairman of the Financial, Tax, and Customs Policy Committee of the Ukrainian Parliament, in a conversation with Incrypted.
According to Zhelezniak, a draft law allowing the establishment of a national Bitcoin reserve fund is being finalized and will be submitted to the Ukrainian Parliament in the near future. He also noted that this is part of a long-term effort to strengthen the country's digital asset reserve capabilities, while increasing national financial transparency and safety in the context of increasing global asset digitization.
Kirill Khomyakov, Regional Director for Central and Eastern Europe, Central Asia, and Africa at Binance, also confirmed that Binance supports Ukraine's initiative to create a crypto reserve fund. However, he emphasized that this process will require significant adjustments to the current legal system, which means the plan cannot be implemented immediately and will require thorough preparation. He also suggested that this initiative will create an important premise for Ukraine to promote a more transparent legal framework for digital assets, as the government needs to clarify its position on this sector.
Previously, Ukraine had made important progress in drafting and developing digital asset management laws, with a virtual asset bill being unanimously approved by the Financial, Tax, and Customs Policy Committee of the Parliament in April 2025. However, at the end of April, the President's office unexpectedly requested the withdrawal of this draft law from the agenda, reportedly due to opposition from the National Securities and Stock Market Commission (NSSMC) and especially its Chairman — Ruslan Magomedov.
However, the NSSMC denied direct involvement in the decision to withdraw the bill from the parliamentary agenda, while confirming that they do not have the authority to suspend or block the bill, but have submitted a list of 80 recommendations and amendments to the new bill to the Parliament.
Ukraine's consideration of establishing a national Bitcoin reserve fund shows that this Eastern European country is gradually approaching the trend of digitalizing national reserve assets, similar to some pioneering countries worldwide, while consolidating its position as one of the pioneering countries in Europe in the field of digital assets.
