Crypto asset reserve bill lands in Ukraine’s parliament

While authorizing the National Bank of Ukraine to allocate crypto assets like Bitcoin as part of state reserves, the draft bill does not oblige the authority to do so.

Ukrainian lawmakers have registered a draft bill on a cryptocurrency reserve in the Parliament, officially allowing the National Bank to include crypto in the country’s state reserves.

Submitted to Ukraine’s Verkhovna Rada on June 10, the bill number 13356 represents a set of amendments to the law “On the National Bank of Ukraine” regarding the inclusion of crypto assets in gold and foreign exchange reserves.

While authorizing Ukraine’s central bank to allocate cryptocurrencies like Bitcoin (BTC) as part of state reserves, the bill does not oblige the authority to do so, according to Yaroslav Zhelezniak, a member of parliament who confirmed the introduction of the bill on his Telegram channel.

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