Ukraine’s Parliament Introduces Bill for Crypto Reserves

Ukrainian lawmakers have introduced a draft bill to allow the National Bank of Ukraine to include cryptocurrencies, like Bitcoin, in its official state reserves. The bill (number 13356) was submitted to the Verkhovna Rada on June 10th and amends existing law regarding the inclusion of crypto assets within gold and foreign exchange reserves. While the bill empowers the National Bank to decide on the allocation of cryptocurrencies, it does not require them to do so. Lawmakers are hopeful that this move will strengthen Ukraine’s macroeconomic stability while integrating it into global financial innovation.