Share this article
Ukrainian Lawmakers Submit Bill for Creation of Crypto Reserve
Principal sponsor Yaroslav Zheleznyak described the bill as a "step [to] integrate Ukraine into global financial innovations"
Jun 11, 2025, 11:06 a.m.
What to know:
- A group of eight deputies of Ukraine's parliament, the Verkhovna Rada, submitted a bill which would authorize the country's National Bank to build a crypto reserve.
- The bill's principal sponsor is Yaroslav Zheleznyak, who serves as first deputy chairman of the Committee on Finance, Tax and Customs Policy.
- "Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy," Zheleznyak said.
Ukrainian lawmakers have taken the first step towards the creation of a crypto reserve.
A group of eight deputies of Ukraine's parliament, the Verkhovna Rada, submitted a bill which would authorize the country's National Bank to include "virtual assets in the gold and foreign exchange reserves," on Tuesday.
STORY CONTINUES BELOW
The bill'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 "step [to] integrate Ukraine into global financial innovations," in a post on Telegram.
"Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy," he added.
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.
Ukraine already holds 46,351 bitcoin , worth over $5 billion, a figure which only the U.S., China and the U.K. surpass, according to data tracked by BiTBO. However, reports from 2021 say this is all held by civil servants and other officials, as opposed to being held in government coffers.
Countries planning on building cryptocurrency reserves are not new, with the U.S. being the most prevalent. Pakistan's government revealed similar plans for a strategic BTC reserve at the end of last month.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.
What to know:
- In her final days atop the agency, Commodity Futures Trading Commission Acting Chairman Caroline Pham announced her CEO Innovation Council, replete with crypto executives.
- The names include the chief executives from Gemini, Kraken, Polymarket, Bitnomial and several others.
- The CFTC is expected to get its permanent chairman very soon when the Senate votes on the confirmation of Mike Selig, President Donald Trump's nominee.
Top Stories
