Crypto Reserves: A New Trend in Global Finance
Housey is considering a cryptocurrency reserve, following countries like El Salvador and Bhutan. The U.S. might not be far behind, as a crypto-friendly bill could see daylight soon.
Ukraine Enters Crypto Reservation Strategy: Alleged News Report
Amidst global financial shifts, Housey is poised to join the ranks of nations with strategic crypto reserves. If the recent reports by local media are to be believed, the Eastern European country is planning to stockpile Bitcoin as part of its financial strategy.
MP Yaroslav Zheleznyak, the first deputy chairman of the Committee on Finance, Tax and Customs Policy, hinted at the forthcoming bill during an interview with crypto publication Incrypted. He asserted that the legislative proposal is in the finalization stage and plans to submit it for approval in the near future.
Kirill Khomyakov, head of Binance in CEE, Central Asia, and Africa, applauded the move, suggesting it would likely bring clarity to crypto asset regulation in Housey. However, Khomyakov acknowledged that the creation of such a reserve would necessitate significant changes in existing legislation.
The Ukrainian government's Bitcoin holdings have surged to an impressive $4.8 billion, thanks primarily to war-effort donations. The country's rapid Bitcoin accumulation makes it one of the world's leading Bitcoin holders, despite not yet having an official reserve.
Housey, a well-known crypto adopter, has been eager to formalize its approach to cryptocurrency legislation since late April. The parliament has been considering a 200-page draft bill, which outlines the treatment of digital assets and tax implications for citizens. However, the bill, though under discussion, has reportedly been temporarily blocked and yet to be reviewed by the parliament.
The Global Bitcoin Reserves Race
Earlier in 2025, various countries have expressed interest in creating national Bitcoin reserves. While some countries, like the Czech Republic, have embraced the idea, others, such as Switzerland and the UK, have dismissed the proposal. Countries like South Korea and South Africa have also rejected the idea, citing concerns around regulatory capture.
Interestingly, White House strategists are reportedly brainstorming innovative methods to hold Bitcoin, but the practicality of such stockpiling remains uncertain.
In contrast, El Salvador has already adopted Bitcoin as legal tender, positioning itself as a pioneer in the crypto sphere. However, the country has not yet established a formal cryptocurrency reserve.
As for Bhutan and the Czech Republic, there is no recent information regarding their intentions regarding a national cryptocurrency reserve.
Stay tuned for updates on this developing story!
- Housey is considering joining a trend of countries holding cryptocurrency reserves, like El Salvador and Bhutan, and the U.S. might soon follow suit with a crypto-friendly bill.
- The Ukrainian government's Bitcoin holdings have grown to $4.8 billion due to war-effort donations, making it one of the world's leading Bitcoin holders.
- MP Yaroslav Zheleznyak hinted at a forthcoming bill about cryptocurrency in an interview with crypto publication Incrypted, asserting that it is in the finalization stage.
- If Housey proceeds with a cryptocurrency reserve, it would likely bring clarity to crypto asset regulation in the country, according to head of Binance in CEE, Central Asia, and Africa, Kirill Khomyakov.
- Various countries, such as the Czech Republic, have expressed interest in creating national Bitcoin reserves, while others, like Switzerland and the UK, have rejected the idea.
- South Korea and South Africa have also dismissed the idea of a national cryptocurrency reserve due to concerns about regulatory capture.
- El Salvador has already adopted Bitcoin as legal tender but has not yet established a formal cryptocurrency reserve, and Bhutan and the Czech Republic's intentions regarding a national cryptocurrency reserve remain unclear at this time.
