{"id":31302,"date":"2025-06-11T12:02:01","date_gmt":"2025-06-11T12:02:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31302"},"modified":"2025-06-11T12:02:01","modified_gmt":"2025-06-11T12:02:01","slug":"ukrainian-lawmakers-submit-bill-for-creation-of-crypto-reserve","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31302","title":{"rendered":"Ukrainian Lawmakers Submit Bill for Creation of Crypto Reserve"},"content":{"rendered":"<div>\n<p>Ukrainian lawmakers have taken the first step towards the creation of a crypto reserve.<\/p>\n<p>A group of eight deputies of Ukraine&#8217;s parliament, the Verkhovna Rada, submitted a <a href=\"https:\/\/itd.rada.gov.ua\/billinfo\/Bills\/Card\/56556\">bill <\/a>which would authorize the country&#8217;s National Bank to include &#8220;virtual assets in the gold and foreign exchange reserves,&#8221; on Tuesday. <\/p>\n<p>The bill&#8217;s principal sponsor is Yaroslav Zheleznyak, who serves as first deputy chairman of the Committee on Finance, Tax and Customs Policy. Zheleznyak described the bill as a &#8220;step [to] integrate Ukraine into global financial innovations,&#8221; in a post on Telegram.<\/p>\n<p>&#8220;Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,&#8221; he added.<\/p>\n<p>Zheleznyak noted however that if it became law, the policy would not demand the central bank create a crypto reserve, merely that it would have the option of doing so. <\/p>\n<p>Ukraine already holds 46,351 bitcoin BTC, worth over $5 billion, a figure which only the U.S., China and the U.K. surpass, according to data tracked by <a href=\"https:\/\/bitbo.io\/treasuries\/countries\/\">BiTBO<\/a>. However, reports from 2021 say <a href=\"https:\/\/decrypt.co\/65883\/ukrainian-officials-own-2-67-billion-in-bitcoin-report\">this is all held by civil servants and other officials<\/a>, as opposed to being held in government coffers. <\/p>\n<p>Countries planning on building cryptocurrency reserves are not new, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/11\/u-s-strategic-bitcoin-reserve-a-monumental-endorsement-of-the-crypto-h-c-wainwright\">with the U.S. being the most prevalent<\/a>. Pakistan&#8217;s government <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/05\/28\/pakistan-to-establish-a-bitcoin-strategic-reserve-allocate-2000-megawatts-of-energy-for-crypto-mining\">revealed similar plans for a strategic BTC reserve<\/a> at the end of last month.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ukrainian lawmakers have taken the first step towards the creation of a crypto reserve. A group of eight deputies of Ukraine&#8217;s parliament, the Verkhovna Rada, submitted a bill which would authorize the country&#8217;s National Bank to include &#8220;virtual assets in the gold and foreign exchange reserves,&#8221; on Tuesday. The bill&#8217;s principal sponsor is Yaroslav Zheleznyak, [&hellip;]<\/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-31302","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\/31302","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=31302"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31302\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}