Ukraine eyes Bitcoin for national reserves amid war and uncertainty

Ukraine is preparing a new bill that could make Bitcoin part of its national reserves, aiming to boost financial resilience during wartime.

Ukraine may soon become the latest country to add Bitcoin to its national reserves, as a draft bill moves into its final stages. Yaroslav Zhelezniak, a member of Ukraine’s parliament, confirmed during the CRYPTO 2025 event in Kyiv that lawmakers are about to submit the proposal, which would legally allow the government to build crypto reserves.

This potential move comes at a time when global interest in Bitcoin as a strategic asset is rising. The United States recently created a national Bitcoin reserve using coins seized in criminal cases, and Swedish politicians have also begun promoting Bitcoin as a hedge against inflation.

However, Ukraine’s adoption could face legal hurdles. Binance’s regional head, Kyrylo Khomiakov, noted that significant changes to current laws will be needed, and progress could be slow. Still, the initiative could bring more clarity to Ukraine’s crypto regulations, especially as the country continues efforts to legalize digital assets with help from the National Bank and the IMF.

Meanwhile, not everyone is on board. Critics like Michael Chobanian, founder of the Kuna exchange, argue the country’s current financial crisis and declining population make the Bitcoin plan unrealistic. He suggests the proposal may be more of a distraction than a genuine strategy.