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Ukraine Moving Towards Bitcoin Adoption as National Reserve Asset
Ukraine is reportedly progressing towards adopting Bitcoin as a national reserve asset to enhance financial resilience amid the conflict with Russia. Lawmakers are finalizing a national reserve proposal for Bitcoin, with a draft bill in its concluding stages. Yaroslav Zhelezniak, a parliament member, confirmed the plan during the CRYPTO 2025 conference in Kyiv. The move follows international trends, with the US and Sweden also considering Bitcoin as a reserve asset. However, implementing a strategic crypto reserve in Ukraine may require significant legal changes, according to Kyrylo Khomiakov from Binance. The country was also planning to legalize cryptocurrencies in early 2025, with proposed taxation on certain crypto transactions. Despite some skepticism within Ukraine's crypto industry, the initiative could lead to greater regulatory clarity in the country.
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