Summary
- A bill has been introduced in Ukraine to allow virtual assets to be included in the national strategic reserves.
- The bill specifies that the National Bank of Ukraine (NBU) can include assets such as Bitcoin (BTC) and other virtual assets in its reserve holdings.
- The bill states that the central bank's purchase of virtual assets is not mandatory, and the timing and method of acquisition are at the discretion of the authorities.
A bill has been introduced in Ukraine that would allow virtual assets (cryptocurrencies) to be included in the country's strategic reserves.
According to Cointelegraph on the 10th (local time), Yaroslav Zhelezniak, a member of the Ukrainian parliament, and others have introduced a bill that permits the National Bank of Ukraine (NBU) to include virtual assets such as Bitcoin (BTC) in its reserve assets.
Yaroslav Zhelezniak commented, "This bill could serve as an opportunity for Ukraine to participate in global financial innovation," adding, "If virtual assets are properly accumulated, it could enhance economic stability and promote the development of the digital economy."
However, the bill does not mandate the central bank to purchase virtual assets. Zhelezniak further explained, "It does not require the National Bank to necessarily purchase virtual assets," and "how, when, and how much to buy is entirely up to the authorities."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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