{"id":26950,"date":"2025-05-15T13:31:35","date_gmt":"2025-05-15T13:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26950"},"modified":"2025-05-15T13:31:35","modified_gmt":"2025-05-15T13:31:35","slug":"ukraine-explores-bitcoin-reserve-strategy-in-parliamentary-push","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26950","title":{"rendered":"Ukraine Explores Bitcoin Reserve Strategy In Parliamentary Push"},"content":{"rendered":"
\n

Ukraine is preparing legislation that would allow the state to accumulate and manage a strategic reserve of Bitcoin, according to Member of Parliament Yaroslav Zhelezniak, first deputy chair of the Verkhovna Rada Committee on Finance, Tax and Customs Policy. Zhelezniak told<\/a> the Ukraine news outlet Incrypted that a draft bill \u201cis at the stage of finalisation\u201d and will be filed with parliament \u201cin the near future,\u201d confirming online reports that the government is considering the move.<\/p>\n

Ukraine To Establish A Bitcoin Reserve<\/h2>\n

Zhelezniak first floated the idea in early February, when he announced plans for \u201ca draft law from the industry allowing the creation of crypto reserves.\u201d That earlier statement, which contained no specifics, is now taking shape as Kyiv seeks new tools to manage its growing trove of digital assets.<\/p>\n

Global exchange Binance is advising lawmakers on the initiative. Kirill Khomyakov, Binance\u2019s regional head for Central and Eastern Europe, Central Asia and Africa, said the company \u201csupports Ukraine\u2019s ambition to create a strategic crypto reserve,\u201d while cautioning that \u201cthe creation of such a reserve will require significant changes in legislation, which indicates that this process will not be quick.\u201d He added that the effort should \u201clead to greater clarity in the regulation of crypto assets in Ukraine.\u201d<\/p>\n

The reserve proposal lands amid a wider battle over Ukraine\u2019s long-delayed virtual-assets framework. At the end of April, the same Rada committee unanimously approved a comprehensive draft law on virtual assets, anticipating a first reading within weeks. But the bill was abruptly withdrawn at the request of the Presidential Office after objections from the National Securities and Stock Market Commission (NSSMC) and its chair, Ruslan Magomedov.<\/p>\n

The NSSMC later issued an unusual disclaimer, insisting it \u201chas no relation to decisions regarding the possible suspension or blocking of the bill\u2019s consideration in the Verkhovna Rada, as it is not authorised to make such decisions,\u201d and it filed 80 amendments of its own.<\/p>\n

Even without a formal reserve, Ukraine is de facto one of the world\u2019s largest sovereign Bitcoin holders. Public block-chain data collated by BitcoinTreasuries shows government-controlled wallets hold about 46,351 BTC, worth roughly $4.8 billion at current prices, placing Ukraine fourth globally behind the United States, China and the United Kingdom.<\/p>\n

Most of that balance was presumably donated<\/a>. Blockchain-analytics firm Elliptic estimates that pro-Ukrainian fund-raisers have received more than $212 million in crypto assets since Russia\u2019s full-scale invasion in February 2022, including approximately $83 million sent directly to wallets advertised by the Ukrainian government<\/p>\n

A separate crypto fund launched by Kyiv exchange Kuna and the Ministry of Digital Transformation collected over $100 million in its first two months. Non-governmental organisations such as the Come Back Alive Foundation have drawn \u201cseveral million dollars\u201d more in Bitcoin and stablecoins to equip the armed forces.<\/p>\n

Ukraine has also added to its holdings through corruption-related seizures. In December 2023 the National Anti-Corruption Bureau confiscated 6.9 BTC and $1.2 million in USDT from Yuriy Shchigol, former head of the State Special Communications Service, under a warrant from the Supreme Anti-Corruption Court.<\/p>\n

Kyiv\u2019s strategy echoes the move by the United States: on 6 March 2025 President Donald Trump signed an executive order<\/a> establishing a Strategic Bitcoin Reserve that will initially warehouse all Bitcoin seized in federal criminal and civil cases and explore \u201cbudget-neutral<\/a>\u201d ways to acquire more.<\/p>\n

At press time, BTC traded at $102,625.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Ukraine is preparing legislation that would allow the state to accumulate and manage a strategic reserve of Bitcoin, according to Member of Parliament Yaroslav Zhelezniak, first deputy chair of the Verkhovna Rada Committee on Finance, Tax and Customs Policy. Zhelezniak told the Ukraine news outlet Incrypted that a draft bill \u201cis at the stage of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26950","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26950"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26950\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}