A group of Ukrainian lawmakers presented a bill on Tuesday that proposes to approve the National Bank of Ukraine (BNU) to include Bitcoin (BTC) and other cryptographic works in gold and foreign currencies in international reserves.
The initiative registered with the Ukrainian Parliament at number 13356; Don’t force central banks to invest in Cryptoactivebut he gives him the power to decide whether or not to do it, when and at what rate.
As explained by Deputy Jaroslav Zhelezniak, one of the promoters of the project, the proposal seeks to provide additional tools for central banks amid a broader strategy for global financial integration.
«What we’re doing now is to open the door so that at some point the state can have cryptocurrency as part of its reserves or portfolio. We are not suggesting that you need to have them. But I can have them,” Zhelezniak said on his telegram channel.
Congress emphasized that Proper management of this type of reserves may contribute to strengthening the country’s macroeconomic stabilityand at the same time, it promotes the development of the digital economy.
According to Zhelezniak, the proposal is consistent with various international initiatives as countries such as the US, Switzerland, Brazil and the UK have evaluated or adopted similar schemes.
Details of the project were supported by technical support from sector experts, including Kyrylo Khomiakov, regional director of Binance for Central and Eastern European countries, and Central Asia, who advised other governments in the creation of cryptographic reserves. Additionally, Petry Bilyk joined the AI experts.
Officials stressed that This proposal does not mean a state campaign in favor of cryptocurrency, but rather an adaptation to changes already occurring around the world.. In that sense, he said that Ukraine is one of the nations with the largest adoption of BTC despite forfeiture and auctioning of cryptocurrencies seized in official operations.
Follow the example of El Salvador and the United States.
Yaroslav Zhelezniak highlighted and highlighted the project’s response to the financial realities of the global world Ukraine is not allowed to resort to this type of innovation:
«More and more governments are realizing that virtual assets are part of a new financial reality. Cryptocurrencies do not replace traditional reserves, but can serve as strategic complements. “
Yaroslav Zhelezniak, Diputado Ucraniano.
As reported by Cryptonoticias, President of the United States, Donald Trump, in March He has signed an executive order allowing Bitcoin Treasury to be created. The measure formalizes the use of BTC that has been confiscated in legal proceedings as part of the national reserve without representing additional taxpayer costs.
Additionally, Trump’s orders prohibit the sale of these assets and ask for treasure to design neutral ways to acquire more Bitcoin and other digital assets whenever these operations do not generate additional costs for the Public Treasury.
On his part, El Salvador was a pioneer in becoming the world’s first country to officially recognize Bitcoin as fiat currency in 2021. Since the end of 2022, he has implemented a daily purchasing strategy that currently comprises more than 6,200 btc government bonds.
El Salvador’s experience highlights the potential of Bitcoin to complement traditional reserves and protect long-term value. at the moment, Central American countries have accumulated more than $380 million in unrealized profitsaccording to Dropstab Explorer.