Ukraine is considering a bill that would allow the National Bank of Ukraine (NBU) to hold cryptocurrency reserves. This initiative aims to integrate emerging financial technologies into the national economic system.
The bill, spearheaded by parliamentarian Yaroslav Zhelezniak, grants the NBU complete discretion over the purchase and management of cryptocurrencies. The central bank would not be obligated to buy digital assets but would have the authority to do so, determining the timing, methods, and quantities independently.
Zhelezniak emphasized that the parliament's role is to provide a flexible regulatory framework, not to impose operational directives. The move is seen as a strategy to strengthen macroeconomic stability and integrate Ukraine into international financial circuits. The adoption of innovative financial instruments could represent an important lever for economic growth.
Ukraine is aligning with a trend already underway in several global jurisdictions. Countries like the United States, El Salvador, Switzerland, and Brazil are exploring or have already initiated policies for accumulating strategic reserves in cryptocurrencies. The legislative initiative represents a clear signal that Ukraine intends to position itself as an active player in the global financial landscape.
The bill represents a balance between institutional prudence and innovative ambition. It leaves the NBU the freedom to decide if and how to proceed, while officially opening the door to the entry of cryptocurrencies into national economic policy. If approved, the bill could represent an important precedent for other countries considering integrating cryptocurrencies into their state reserves.