Ukraine’s parliament is reviewing draft legislation that would authorize the National Bank of Ukraine (NBU) to hold Bitcoin and other digital assets as part of its official reserves. The bill aims to enhance financial stability through reserve diversification while aligning the country with global trends in financial innovation.
Led by Member of Parliament Yaroslav Zheleznyak, the proposal grants the NBU full discretion over the timing, volume, and acquisition methods for digital assets. This framework emphasizes prudent risk management protocols to safeguard national interests during cryptocurrency operations.
The initiative could reduce Ukraine’s exposure to traditional currency volatility and geopolitical risks while potentially attracting foreign investment. By incorporating cryptocurrency into reserve assets, Ukraine joins nations like El Salvador and Switzerland in signaling institutional confidence in digital assets’ long-term value proposition.