Ukrainian parliament member Yaroslav Zhelezniak confirmed the move and stressed that effective crypto reserve management could enhance Ukraine’s macroeconomic stability and foster growth in its digital economy.
Meanwhile, he pointed out that lawmakers will not prescribe exact reserve management tactics. Instead, the bill empowers the central bank to act as it deems appropriate.
“We give the National Bank the right to include virtual assets in Ukraine’s reserves. However, how, when and how much should be the decision of the regulator itself. That is, we do not oblige and leave it to their professional choice.”
Despite rising interest, experts warn that Bitcoin’s suitability for central bank reserves faces serious hurdles.
According to the firm:
“[Corporate Bitcoin holders] amassing too much of the supply undermines BTC’s safe haven properties. A private corporation controlling a large portion of the existing supply would make Bitcoin inappropriate for central banks to hold as a reserve asset.”
The bank also pointed out that central banks prioritize liquidity and price stability when selecting reserve assets. It noted that the shrinking pool of liquid Bitcoin and the potential price swings caused by large corporate holders could make the asset less attractive for official reserves.
