Ukraine Plans to Establish Bitcoin Reserve with Binance Support

Highlights:

• Ukrainian MP Zhelezniak plans to present a bill for a Strategic BTC Reserve on the House floor in the coming weeks.
• Binance supports Ukraine’s Bitcoin reserve plan but notes major legal challenges ahead.
• Ukraine moves quickly to legalize crypto with new laws on regulation and taxation.

Yaroslav Zhelezniak, a Ukrainian MP and Deputy Chair of the Finance, Tax, and Customs Policy Committee, said he will submit a bill before parliament for a Strategic Bitcoin Reserve, Ukraine-based media outlet Incrypted reported on Wednesday. He said the draft law is nearly ready and will be submitted soon. If approved, Ukraine would become the first European country to establish a Strategic BTC Reserve. Earlier this year he mentioned plans for a law to allow crypto reserves but shared no details.

Ukraine is considering partnering with Binance to create a national strategic Bitcoin reserve. Government officials confirm that a related bill is being drafted and will be submitted soon. Binance expressed support for Ukraine’s vision to establish a strategic crypto reserve.…

— Wu Blockchain (@WuBlockchain) May 15, 2025

Binance Supports Ukraine’s Push for a Bitcoin Reserve

According to the announcement, crypto exchange Binance is supporting Ukraine in this development. The report highlighted ongoing cooperation between Binance and Ukrainian officials but did not reveal the extent of their partnership. Binance’s regional head for CEE, Africa, and Central Asia, confirmed that the exchange is supported. He also suggested that before creating a BTC reserve Ukraine must overcome significant legal challenges. “The creation of such a reserve will require significant changes in legislation, which indicates that this process will not be quick,” said Khomyakov

Binance’s global partnerships have made it a leading advisor on integrating crypto into public policy. Richard Teng, Binance CEO, said last month that the platform is working with many countries to set up BTC reserves and create crypto rules. This interest grew after the U.S. introduced pro-crypto policies. For example, President Donald Trump’s executive order to establish a United States strategic Bitcoin reserve.

Recently, Binance and its co-founder Changpeng Zhao (CZ) held talks with Kyrgyzstan and Pakistan. CZ signed an agreement with the National Investment Agency. He will advise on blockchain and crypto rules. In Pakistan, CZ became a Strategic Advisor to the Pakistan Crypto Council. He will work on systems, education, rules, and spreading crypto use.

BREAKING:

BINANCE HAS STARTED ADVISING SEVERAL COUNTRIES TO CREATE NATIONAL BITCOIN RESERVE.

GLOBAL BITCOIN FOMO HAS STARTED pic.twitter.com/rUqxtte5Gh

— Ash Crypto (@Ashcryptoreal) April 17, 2025

Ukraine Plans New Laws to Regulate Crypto and Digital Assets

Ukraine is working fast to create clear laws for digital assets. Daniil Getmantsev, head of the tax committee, said in December that Ukraine expects to legalize crypto early this year. A special team is preparing the draft bill. They are working with the National Bank of Ukraine and the International Monetary Fund (IMF). 

The law will set up financial control and anti-money laundering rules and plans to tax capital gains on crypto converted to fiat. It will set legal duties for market players and government bodies. Ukraine wants to standardize crypto activities and bring clear laws for digital transactions. Incrypted reported that an earlier version of the bill passed parliament but was recently withdrawn. The withdrawal happened because of concerns from the President’s Office. Regulators, especially the National Securities and Stock Market Commission, also opposed it.