Ukraine, which has been under Russian occupation for a long time, continues to attract attention with its support for Bitcoin and cryptocurrencies. At this point, Ukraine, following in the footsteps of the United States, plans to create a strategic Bitcoin reserve by partnering with Binance. Ukraine is working on a bill to establish a national strategic Bitcoin reserve in partnership with Binance, local news agency Incrypted reported. Speaking to Incrypted, Deputy Chairman of the Committee on Finance, Tax and Customs Policy Yaroslav Zhelezniak confirmed that the Bitcoin reserve bill is being prepared and will be presented soon. Binance to support Ukraine's vision of creating a strategic crypto reserve “We are working on a bill from the industry that would allow for the creation of Bitcoin and cryptocurrency reserves and will submit it soon.” Binance’s Head of Central Asia and Africa, Kirill Khomyakov, stated that Binance supports Ukraine’s goal of creating a strategic crypto reserve, saying: “The creation of such a reserve would require significant changes in legislation, which means that this process will not be quick. Another positive aspect is that this initiative is likely to lead to greater clarity in the regulation of crypto assets in Ukraine, as the government will need to more clearly state its position on this issue.” *This is not investment advice.
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