Ukraine plans to launch strategic bitcoin reserves under new encryption law
Internet reports that Ukraine is developing a legal framework for holding Bitcoin in its national reserves, and a special parliamentary committee led by finance officials is finalizing draft legislation. Senior MP Yaroslav Zhelezniak confirmed that Ukraine plans to establish a cryptocurrency reserve infrastructure, and he is responsible for overseeing the preparation of relevant draft laws. The proposal aims to regulate the way the country acquires, stores and manages Bitcoin reserves, and strives to be consistent with cryptocurrency regulations expected to be introduced in 2025. The law will support the holding of digital assets for national fiscal planning, and authorities will ensure transparency, compliance and supervision by central banks and regulators. It is reported that Ukraine is receiving support from Binance to establish a national bitcoin reserve. Cooperation includes providing guidance for the reserve mechanism and technical infrastructure. The two sides are actively discussing the implementation of the reserve strategy. In addition, Ukraine plans to coordinate with the National Bank and the International Monetary Fund to adopt a comprehensive digital assets law in early 2025, covering fiscal policy formulation, exchange regulation, anti-money laundering measures and capital gains tax, clarifying the legal responsibilities of market participants and state institutions.
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