Ukraine has introduced a bill to allow Bitcoin in the national reserve

Ukraine has introduced a bill that grants central banks legal rights to hold Bitcoin and other assets as part of their national reserves. The bill, introduced to Verkhovna Rada on June 10, 2025, proposes an update to existing laws to include “virtual assets” and gold reserves of the National Bank of Ukraine (NBU) in foreign exchange.

This does not mean that Ukraine is still officially adding Bitcoin to its balance sheet, but in the future it will give the central bank a green light.

Members of Congressman Yaroslav Zhelezniak, one of the bill’s co-sponsors, stressed that the law is to grant permission and not a requirement. “Whether or not they actually do that, and to what extent they do,” he said, “We’ve reached the institution itself.”

Zhelezniak recently discussed with Binance’s regional chief, Kyrylo Khomiakov. He believes that Bitcoin can strengthen Ukraine’s economic position and contribute to long-term digital innovation.

The timing of the bill is essential as Ukraine has been subject to enormous financial pressure since the Russian invasion in 2022. Inflation remains high, Hryvnia loses great value, and the country is heavily dependent on international aid and loans. The NBU was able to hold approximately $44.5 billion in reserves, primarily in US dollars and government securities, but there is limited room for maneuvering.

In 2022, the Ukrainian government was actively collecting donations through Bitcoin for war efforts. They had set up official wallets for donations, and their politicians had publicly tweeted addresses they wanted to help. On the first day alone, Ukraine’s official Bitcoin wallet raised over $3.5 million. In leaning towards Bitcoin in times of crisis, the government has shown its belief and commitment to it. This new bill shows that its commitment is not declining.

If the bill was adopted, it could position Ukraine as one of the first countries to give central banks legal capacity to hold Bitcoin as a strategic reserve asset.

This post Ukraine first appeared in Bitcoin Magazine and introduces buildings to allow Bitcoin in the national reserve written by Jena Montgomery.