Ukraine is reportedly preparing legislation to become one of the first nations to officially hold Bitcoin in its national reserves.
Zhelezniak, who also serves as the First Deputy Chairman of the Committee on Finance, Tax, and Customs Policy, revealed plans to submit the bill soon. However, the final language is still under review.
These numbers are unsurprising considering Ukraine has received millions of dollars in crypto donations since the start of the conflict with Russia.
Besides that, the government has also taken steps to formalize the legal status of cryptocurrencies within its jurisdiction, marking a key milestone in its regulatory approach.
According to the report, Binance, the world’s largest crypto exchange by volume, is advising Ukraine on its efforts to create a Bitcoin reserve.
Kirill Khomyakov, the firm’s regional head for Central and Eastern Europe, reportedly said Binance supports the initiative to create a sovereign digital reserve.
Khomyakov emphasized that significant legislative updates will be needed before the reserve becomes a reality. However, he also noted that the process could help clarify Ukraine’s stance on crypto regulation, as it would require the government to define its policy more precisely.
Binance has yet to respond to CryptoSlate’s request for additional commentary.
