Ukraine

In the Verkhovna Rada, something has creaked again — this time not the air conditioner, but crypto. A serious bill has been submitted that allows the National Bank of Ukraine to hold Bitcoin in its gold and foreign exchange reserves. In short... Bitcoin can now become the brother of gold in the country's treasury 🤠
The irony is that this law does not obligate, but allows. It's like buying a gym membership but putting it in a drawer 'just in case.' The National Bank will decide for itself whether it's worth getting involved in this volatile romance with crypto or better to keep believing in the dollar and praying to the franc 💸

$BTC $SOL $ETH
🔥 Market Overview & Key Movers:
• Bitcoin has pushed above $110K, testing new all-time highs. Bullish sentiment has surged to a 2.12:1 ratio of positive to negative social media commentary—its highest in seven months.
• Altcoins tracked BTC's momentum: Ethereum sits at $2,800, Solana +5%, Dogecoin +4%, Cardano +3.7%, with Hyperliquid spearheading alt gains at +8.4%.
📈 Ethereum Spotlight:
• Ethereum has recently broken out at $2,833 (its 15-week high), supported by technical breakouts and solid fundamentals. Experts are suggesting a possible further rise.
• ETH is staying firm today, building on yesterday's rally.
🌍 Global Regulatory Developments:
• The US Senate is moving towards voting on stablecoin bills, which may have significant implications on stablecoin issuance and regulatory certainty.
• Ukraine's parliament has approved draft Bill 13356, allowing its central bank to keep crypto assets—such as Bitcoin—in its reserves. Ukraine would become perhaps the first European country to follow such a strategy, if the law is passed.
🧭 Rapid Takeaways:
• Bull Market Atmosphere: Bitcoin and Ethereum are driving a complete crypto market rally, with social media sentiment positive and widespread altcoin gains.
• Geopolitical Shift: Ukraine's potential addition of crypto to its central reserves is a historic regulatory milestone on the world stage.
• Regulatory Pressure in the U.S.: A vote in the Senate on stablecoins is on the horizon—this may redefine the landscape for tokens tied to fiat currencies.

The Ukrainian parliament is currently reviewing a new bill that could allow the inclusion of digital assets—such as Bitcoin—into the country’s official gold and foreign currency reserves. The proposal, led by MP Yaroslav Zheleznyak and his colleagues from the Holos party, could pave the way for the creation of a national strategic Bitcoin reserve. However, key decisions regarding the size, timing, and form of this reserve would remain at the discretion of the National Bank of Ukraine.
Zheleznyak emphasized that the proposed legislation is fully aligned with Ukraine’s international obligations. Bill No. 13356 would formally legalize the holding of cryptocurrencies as part of the national treasury.

🔹 Bitcoin as a National Reserve Asset?
Ukraine has already accumulated a significant amount of BTC—in December 2024, it reportedly held 46,000+ BTC worth around $4.8 billion, primarily obtained through asset seizures, donations, and war-related fundraising campaigns.
The proposal to establish a state crypto reserve has received support from the private sector. Kirill Khomyakov, Binance's regional head for Central and Eastern Europe, called it a “positive step forward” that could lead to clearer crypto regulations. He also noted that such a reserve would require major legislative adjustments.

🔹 Legislative Progress Faces Hurdles
Although Ukraine’s finance and taxation committee approved a separate crypto bill back in April, it was later withdrawn at the request of the President’s Office and the National Securities and Stock Market Commission (NSSMC). While the NSSMC denied asking for the withdrawal, it did submit 80 recommendations and proposed changes, which are currently stalling the bill’s progress.

🔹 European Central Banks Remain Hesitant
While Ukraine explores the future of crypto in its reserves, most European central banks continue to express caution.
🔹 Christine Lagarde, President of the European Central Bank (ECB), has repeatedly dismissed the idea, stating that cryptocurrencies are neither secure nor liquid enough for inclusion.

🔹 The Czech National Bank is considering expanding its reserve portfolio but has not mentioned Bitcoin or any digital assets.

🔹 Poland’s central bank recently ruled out crypto investments altogether, citing extreme risk and volatility.

🔹 The Swiss National Bank (SNB) also rejected calls to hold BTC, despite pressure from crypto advocates like Luzious Meisser, board member of Bitcoin Suisse.

🔹 Hedge Against Instability or Risky Gamble?
Proponents of cryptocurrencies argue that, in times of global economic instability and growing geopolitical tensions, holding BTC makes strategic sense. They point to Trump’s new tariffs and the growing fragmentation of the global economy as reasons for reserve diversification.
If passed, Ukraine could become the first European country to officially recognize crypto as part of its national reserve strategy. The decision now rests with lawmakers and the central bank—with the global crypto industry watching closely.

#ukraine , #CryptoReserve , #DigitalAssets , #BTC , #blockchaineconomy

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

In a bold and strategic move, Ukraine’s Parliament has received a draft bill that could redefine national finance—the Crypto Asset Reserve Bill. This groundbreaking proposal seeks to officially incorporate digital assets into the government’s reserve structure, signaling Ukraine’s aggressive leap into the crypto-powered future.

🇺🇦 What is the Crypto Asset Reserve Bill?
The proposed legislation aims to allow the Ukrainian government to hold and manage cryptocurrency as part of its national reserves. This move comes after years of growing interest and usage of crypto across Ukraine—especially during times of war, where crypto proved to be an essential tool for international fundraising and swift aid.
The bill will:
Create a legal framework for national-level crypto reserves

Assign oversight to key state regulators such as the National Bank and Securities Commission

Update the country’s 2022 law on virtual assets to reflect a more active and institutional role in digital asset management

📊 Why This Matters for Ukraine
Ukraine has long been seen as a progressive force in crypto regulation. In recent years, the country:
Legalized the use of virtual assets

Enabled crypto donations for public campaigns and emergencies

Worked with international partners to build a pro-crypto ecosystem

Now, with this new bill, Ukraine isn’t just allowing crypto—it’s planning to store it, invest it, and rely on it as a part of its sovereign assets.

💹 Impact on the Global Crypto Economy
This move is significant on a global scale. If passed, Ukraine will become one of the first countries to institutionalize digital assets at a national treasury level, potentially opening the door for:
Other countries to follow suit

Global institutions to recognize crypto as stable reserve-worthy assets

New levels of transparency and auditability in national finances through blockchain

🔐 Where Does UPB Bank Fit In?
With Ukraine accelerating toward official crypto reserves, the demand for secure, fast, and decentralized payment infrastructure will skyrocket. UPB Bank (Universal Payment Bank) is perfectly positioned to support this transformation.
UPB can contribute to this revolution in several ways:
✅ Secure storage of crypto assets through decentralized wallets
✅ Real-time transactions using UPB Pay with UPI-style simplicity
✅ Transparent ledgers powered by blockchain for audit-friendly reporting
✅ UPB Token integration for managing public or institutional crypto flows
In a world where governments are adopting crypto, platforms like UPB are not just useful—they’re essential.

📈 The Future of Crypto Governance
This bill signals the start of something big—not just for Ukraine, but for how nations integrate crypto into their economic backbone.
As trust in traditional financial systems is challenged globally, this model of holding Bitcoin, stablecoins, or native tokens like UPB Coin as a reserve opens new doors for decentralized economic policy.
It also shows that crypto is no longer just for traders—it’s now a strategic asset class.

🧠 Key Takeaways
Ukraine’s Crypto Asset Reserve Bill could set a global precedent

It blends regulatory maturity with digital innovation

UPB Bank stands out as a potential infrastructure provider for national crypto strategies

This marks the rise of digital sovereignty in the financial world

📣 Final Word: Crypto is No Longer Optional
As Ukraine pushes crypto into the heart of its financial policy, the world is watching. Governments, banks, and businesses must adapt—and those who do will thrive.
UPB Bank is ready for this shift. Whether you're a crypto investor, institution, or policymaker, now is the time to position yourself alongside the future of finance.
The digital era has arrived. Ukraine knows it. UPB is ready for it. Are you?
#upb #ukraine #bitcoin #upbbank #upcryptobank

The Ukrainian parliament has presented a draft law allowing the inclusion of Bitcoin and other digital assets into the foreign exchange reserves of the National Bank of Ukraine, indicating a significant shift in the country's financial policy.
This legislative step has attracted the attention of the global community, sparking discussions online. Many experts consider it an important milestone on the path to national cryptocurrency adoption. While the central bank has not yet issued official guidelines, Ukrainian lawmakers are clearly establishing a legal framework for crypto assets at the highest level.

The Ukrainian cyber police detained a 35-year-old resident of Poltava who hacked over 5000 accounts of clients of an international hosting company for the illegal mining of cryptocurrency. According to law enforcement, the perpetrator has been using open information since 2018 to search for vulnerabilities in the protection of international companies' servers. After hacking the accounts, he deployed virtual machines that utilized the computing power of the hosting provider for mining, causing damages of $4.5 million (approximately 185 million UAH).