Ukraine consider Bitcoin as part of its national reserves

Ukraine checks a brave financial strategy that could lead to Bitcoin becoming part of its national reserves.

The legislator in Kyiv has a draft law presentedwhich provides that the National Bank of Ukraine (NBU) may include cryptocurrencies in its gold and foreign exchange reserves.

The bill, which is supported by several members of the Werchowna Rada, including Jaroslaw Zhelezniak, was presented on June 10th. Zhelezniak described the measure as a future -oriented step in the modernization of the Ukrainian financial system, without forcing immediate measures. The central bank would continue to be able to decide completely whether it holds digital assets such as Bitcoin.

The proposal comes at a time when the Ukrainian economy continues to struggle with the stress of the war. In view of a shrinking GDP, persistent challenges in the field of infrastructure and strong dependence on international support, flexibility to keep crypto reserves that offer Ukraine additional instruments for economic stability and innovation.

This trend is gaining driving worldwide. The United States announced plans for a Bitcoin reserve at the beginning of the year, while El Salvador 2021 made headlines with the introduction of BTC as a legal means of payment. Other countries such as Switzerland, Brazil and Hong Kong are also driving crypto strategies.

For crisis countries, cryptocurrencies can offer a way to bypass financial restrictions, to secure themselves against the devaluation of the state currency and to find an introduction to the digital economy. If Ukraine passes this law, this could be an important step towards accepting decentralized assets at the state level and position the country in the middle of geopolitical uncertainties as digital pioneers.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.