On June 10, 2025, Ukraine's parliament took a significant step towards modernizing its financial landscape by introducing a bold new bill that would permit the National Bank of Ukraine (NBU) to hold Bitcoin and other digital assets in its national reserves.
This landmark legislation comes at a time when the nation grapples with economic challenges stemming from the ongoing conflict with Russia and seeks innovative solutions to stabilize its financial future.
By potentially incorporating cryptocurrencies into its reserves, Ukraine aims not only to enhance its economic resilience but also to position itself as a forward-thinking player in the global cryptocurrency market.
With the flexibility to decide on the inclusion of these assets, the NBU is set to navigate an evolving financial landscape, providing an exciting glimpse into the future of digital currency utilization by central banks.
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Key Takeaways
- Ukraine's parliament is proposing a bill to allow the National Bank to hold Bitcoin, reflecting a shift towards embracing cryptocurrencies.
- The move aims to bolster Ukraine's national reserves amidst economic struggles caused by the ongoing conflict with Russia.
- If passed, this legislation could position Ukraine as a leader in central bank cryptocurrency adoption.
The Rationale Behind the Bill: Strengthening Financial Reserves
The recent introduction of a bill by Ukraine's parliament on June 10, 2025, signifies a pivotal moment in the intersection of traditional finance and cryptocurrency.
The proposed legislation, which seeks to empower the National Bank of Ukraine (NBU) to include Bitcoin and other virtual assets in its national reserves, is a direct response to the ongoing economic challenges the country faces post-Russian invasion in
2022.
With the hryvnia facing devaluation and inflation rates skyrocketing, the importance of diversifying reserves has never been clearer.
This bill does not impose an obligation to invest in digital currencies but rather facilitates the potential for future involvement should the NBU deem it beneficial.
Co-sponsor Yaroslav Zhelezniak highlighted this discretionary framework, emphasizing that it positions Bitcoin as a strategic asset rather than a compulsory focus.
Reflecting on past experiences, including the successful fundraising of over $3.5 million through cryptocurrency donations during the crisis, the legislation illustrates Ukraine's innovative approach to navigating financial turmoil.
By taking this step, Ukraine aims to trailblaze a path for other nations considering similar actions, potentially transforming how central banks worldwide approach cryptocurrency, financial reserves, and fiscal stability.
Implications for Ukraine's Economy and Cryptocurrency Landscape
The implications of this legislative move extend beyond Ukraine's immediate economic recovery; they suggest a paradigm shift in how central banks might integrate digital currencies into their reserve strategies.
By recognizing Bitcoin and other cryptocurrencies as part of its national reserves, Ukraine is not only enhancing its financial toolkit but also setting a precedent for other countries grappling with economic instability.
The decision to allow the National Bank of Ukraine (NBU) flexible options in the realm of cryptocurrency investment positions the nation at the forefront of a developing trend where assets such as Bitcoin could serve as a hedge against inflation and currency devaluation.
This proactive approach could potentially attract foreign investment and foster a more diversified economy, further solidifying Ukraine's burgeoning status as an innovative player in the global cryptocurrency landscape.
As the world watches, Ukraine's strategic decisions may encourage other central banks to explore similar pathways, reshaping the future of monetary policy and economic resilience driven by digital innovation.
By Wolfy Wealth - Empowering crypto investors since 2016
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