🚨 Ukraine To Introduce Bill To Create Strategic Bitcoin Reserve
War-torn Ukraine could be the first European country to launch a Strategic Bitcoin Reserve with Binance in tow after an MP revealed plans to submit a bill.
While Ukraine has largely maintained a positive stance towards cryptocurrencies, the country is in the middle of sweeping digital asset reforms.
Ukrainian MP Yaroslav Zhelezniak has confirmed plans to submit a bill before parliament for a Strategic Bitcoin Reserve. According to an Incrypted report, Zhelezniak will present the bill in the coming weeks on the floor of the House.
Per the report, the last hurdle for Zhelezniak is refining the text of the bill before its presentation. Zhelezniak doubles as the Deputy Chairman of the Committee on Finance, Tax and Customs Policy.
Back in February, the MP hinted at a draft law for a national cryptocurrency reserve, but now Zhelezniak is narrowing his focus to Bitcoin.
His comments follow an incoming meeting between Conor McGregor and El Salvador’s president for an Irish Strategic Bitcoin Reserve.
Zhelezniak’s incoming bill has garnered the attention of Binance, with the international exchange reportedly angling to support the move. Head of Binance in CEE, Central Asia, and Africa, Kirill Khomakov, revealed that Binance will support the Strategic Bitcoin Reserve.