Ukraine Lawmakers Introduce Bill On Crypto Asset Reserve
Summary
Ukrainian lawmakers have introduced a draft bill allowing the National Bank to include cryptocurrencies in state reserves. The bill, submitted to Ukraine’s Verkhovna Rada, amends the law on the National Bank of Ukraine to permit crypto assets like Bitcoin as part of gold and foreign exchange reserves. The bill does not mandate the bank to hold crypto nor limit the amount, leaving decisions to the bank's discretion. Lawmakers view this as a step towards integrating Ukraine into global financial innovations, potentially enhancing macroeconomic stability and digital economy development. Discussions with Binance's regional head highlight global trends in strategic crypto reserves.
