Ukraine Drafts Bitcoin War Chest Proposal – Is a National Reserve Next Step?

Ukraine is exploring the creation of a strategic national Bitcoin reserve, in partnership with Binance, the world’s largest cryptocurrency exchange. The move reflects the country’s ambition to bolster its economic resilience through digital assets, especially as it grapples with ongoing geopolitical tensions.

Crypto reserve bill almost ready

According to MP Yaroslav Zhelezniak, First Deputy Chairman of the Finance, Taxation and Customs Policy Committee, the bill to enable the creation of a crypto reserve is almost complete and will soon be submitted to the Verkhovna Rada, the Ukrainian parliament.

If the bill passes, Ukraine will be able to officially trade digital assets such as Bitcoin into its national strategic reserves. This would fundamentally change the current financial legislation, which does not yet contain any rules for government-owned cryptocurrencies.

Digital assets as strategic assets

The proposed legislation aims to recognize Bitcoin as a strategic state asset. This would require major changes to Ukraine’s financial regulations. It is part of a broader push to modernize the country’s financial infrastructure and align it with global trends in the digital economy.

Such a move would position Ukraine as a pioneer within Europe in the field of crypto integration into state finances.

Binance Supports Ukrainian Vision

Binance fully supports the initiative. Kirill Khomyakov, Binance’s regional head for Central and Eastern Europe, calls it a complex but important project. He believes it can help Ukraine become a global leader in financial innovation.

According to Khomyakov, clear regulations can not only ensure international credibility, but also contribute to the country's digital sovereignty.

Bitcoin as a hedge against economic uncertainty

If Ukraine actually adds Bitcoin to its national reserve, it could bring several benefits:

• protection against inflation of the national currency,
• strengthening investor confidence,
• confirmation of Ukraine's commitment to modern technology.

The country has previously collaborated with Binance on regulations, and the exchange also played a role in providing humanitarian help via Binance Charity during the war.

International context: a global movement

Ukraine is not alone in its plans. In March 2025, the United States announced its own Strategic Bitcoin Reserve. Brazil is also exploring a similar model. This shows that more and more countries are beginning to see digital currencies as a legitimate part of their financial strategy.

While the exact timing of the law’s passage in Ukraine is still uncertain, the proposal is an important policy moment. The world will be watching to see how Ukraine handles this new form of monetary innovation.

Q&Ad

What is the purpose of a national Bitcoin reserve?

A Bitcoin reserve can serve as a hedge against currency devaluation, boost investor confidence and demonstrate the country's openness to technological innovation.

What is Binance's role in this project?

Binance provides support on both a technical and strategic level. They have previously worked with Ukraine on regulatory matters and provided humanitarian aid during the war.

Will Ukraine Become the First European Country to Have Bitcoin in Its State Reserves?

If the plan goes ahead, Ukraine will become the first European country to officially include Bitcoin in its national reserve policy.