Ukraine strategic Bitcoin reserve bill reportedly in final stages
Ukraine is moving towards adopting Bitcoin as a national reserve asset amid the ongoing war with Russia. Lawmakers are finalizing a draft bill for this proposal, confirmed by MP Yaroslav Zhelezniak. The initiative was first announced at the CRYPTO 2025 conference in February. Bitcoin's recognition as a reserve asset has increased since the U.S. established a national Bitcoin reserve in March 2024. However, significant legal changes are needed for Ukraine's adoption, which may delay the process. The government plans to legalize cryptocurrencies by early 2025, coordinating with the National Bank of Ukraine and the IMF. A proposed tax on certain crypto transactions could reach up to 23%. Some industry voices express skepticism about the proposal's timing, citing economic challenges and population decline in Ukraine.
