Ukraine Proposes Bill for National Bank to Hold Crypto Assets
A draft bill in Ukraine aims to allow the National Bank of Ukraine (NBU) to purchase and hold crypto assets as part of its reserves. The proposal, submitted on June 10 by lawmakers, seeks to amend existing laws to include cryptocurrencies in the NBU's reserve assets.
- The NBU would have the discretion to decide whether to include crypto assets and in what proportion.
- Lawmaker Yaroslav Zhelezniak stated that the bill aims to empower the NBU to make independent decisions regarding virtual assets.
- Zhelezniak believes the bill will promote financial innovation and enhance macroeconomic stability.
- Binance’s regional head, Kyrylo Khomiakov, assisted in drafting the bill, reflecting Binance's global involvement in establishing state crypto reserves.
Other countries like El Salvador and Pakistan are also exploring state crypto reserves, with El Salvador already holding Bitcoin as legal tender.