Ukraine is preparing to become the first European country to officially add Bitcoin to its national reserves. Here's what's happening ¹ ²:

- *Legislation in Progress*: A draft bill is being finalized to allow the National Bank of Ukraine (NBU) to hold and manage Bitcoin alongside traditional reserve assets like gold and foreign currencies.

- *Partnership with Binance*: Binance, the world's largest cryptocurrency exchange, is advising on the legislative framework and providing expertise to ensure the policy is workable and compliant.

- *Key Provisions*:

- *Custody and Management*: The NBU will decide on custodial arrangements, risk management, and reporting obligations.

- *Risk Management*: The bill proposes rigorous governance protocols, including multi-signature wallets, regular audits, and cybersecurity standards.

- *Personnel Training*: The government will provide training programs for officials and financial regulators to build expertise in digital asset management.

- *Goals and Benefits*: The initiative aims to enhance financial stability, diversify reserves, and attract investment, potentially boosting Ukraine's reputation as a tech hub in Eastern Europe.

This move marks a significant step in Ukraine's economic strategy, showcasing its willingness to innovate and adapt in the face of economic challenges ¹.