On June 10th, Ukrainian parliamentarians submitted Bill No. 13356 to the parliament, proposing to revise the law on the National Bank of Ukraine, allowing the National Bank of Ukraine to include crypto assets such as Bitcoin in the national reserve, on par with gold and foreign currencies.
According to MP Yaroslav Zreznyak’s confirmation on his telegram channel, although the bill authorizes the central bank to include cryptocurrencies such as Bitcoin as part of the national reserve, it does not mandate it to do so. The central bank will have full discretion on whether and how to allocate part of its reserves to crypto assets, how much to allocate and when to allocate them.
Zreznyak said that legislators support the establishment of a national crypto asset reserve, believing that it is a step towards integrating Ukraine into global financial innovation. Proper management of the crypto reserve will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy.
It is reported that Ukraine currently holds approximately 46,351 BTC, worth about 4.8 billion US dollars. These Bitcoins mainly come from donations, asset seizures and fundraising activities during the war. Previously, the Ukrainian parliament had passed a virtual asset bill, but it was withdrawn under pressure from the President’s office and the National Securities Commission. Currently, the National Securities Commission has proposed 80 amendments to improve the legal framework for crypto assets.
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