Ukraine is moving toward creating a state-run Bitcoin reserve, potentially becoming the first European nation to do so. Lawmaker Yaroslav Zhelezniak confirmed that a draft bill focused exclusively on Bitcoin will soon be submitted to parliament.
The proposal has gained early support from Binance, whose regional head, Kirill Khomyakov, said the initiative could bring long-term benefits and help clarify crypto regulations in Ukraine. The exchange has also been advising other countries like Kyrgyzstan and Pakistan on similar frameworks.
Ukraine’s move mirrors growing global interest in Bitcoin reserves, with U.S. states like Texas, Arizona, and New Hampshire already exploring crypto-based treasury strategies. Countries such as Brazil, Taiwan, and Sweden have also floated similar ideas.
This initiative comes amid broader efforts to regulate Ukraine’s crypto sector, including a newly proposed 23% tax on digital asset income. If passed, the Bitcoin reserve could mark a significant shift in Ukraine’s financial strategy and digital asset adoption.
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