Ukrainian Lawmakers Propose Bill to Create Crypto Reserve
Ukrainian lawmakers have initiated the creation of a crypto reserve by submitting a bill to authorize the National Bank to include "virtual assets in the gold and foreign exchange reserves." Key points include:
- The bill was submitted by a group of eight deputies, with Yaroslav Zheleznyak as the principal sponsor.
- Zheleznyak stated that this move aims to integrate Ukraine into global financial innovations.
- The policy would provide the option for the central bank to create a crypto reserve but does not mandate it.
- Ukraine currently holds 46,351 bitcoin, valued at over $5 billion, primarily held by civil servants rather than government funds.
- Other countries, such as the U.S. and Pakistan, are also exploring plans for cryptocurrency reserves.
This development could enhance macroeconomic stability and foster digital economy growth in Ukraine.