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Ukraine lawmakers introduced the Bill to the Crypto Asset Reserve


Lawmakers in Ukraine have introduced a draft bill that will allow the National Bank of Ukraine (NBU) to include cryptocurrencies such as Bitcoin in state state reserves.

Submitted In Parliament of Ukraine, Verkhovna Rada, on June 10, Bill number 13356 suggests law amendments “in the National Bank of Ukraine” regarding the integration of crypto assets in conjunction with gold and foreign currency.

Ukraine lawmakers introduced a draft bill to crypto asset reserves on June 10. Source: Verkhovna Rada

While allowed Central Bank to get cryptocurrencies such as Bitcoin (Btc) As part of state reserves, the bill will not require authority to do so, according to Yaroslav Zhelezniak, a member of the parliament who is confirmed The introduction of the bill to his telegram channel.

The Central Bank will remain full of decisions if any part of its crypto reserves is allocated, how much to provide, and when to do so.

“How, when and how much the regulator must decide itself,” Zhelezniak said.

The crypto reserve to strengthen macroeconomic stability

Although leaving the final decision in the NBU, lawmakers support the creation of a potential state of state asset reserves as a step that will include the country in global financial modern, Zhelezniak said.

“Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,” he wrote in a telegram statement.

In addition, the lawmaker discussed The possibility of establishing a state crypto reserve in a video commentary with the head of the Binance region for central and Eastern European and Central Asia countries, Kirill Khomyakov.

In the video, Zhelezniak cited the increase in the number of global jurisdictions that drive strategic reserves, including countries such as the United States, El Salvador, Switzerland, Brazil and others.

This is a story development, and further information will be added as it is available.

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