The Verkhovna Rada of Ukraine has registered a bill allowing the National Bank to include cryptocurrencies in state reserves. This change may lead to significant implications for the country's financial system.
Bill Overview
The proposed bill, initiated by Deputy Yaroslav Zheleznyak, seeks to amend the Law of Ukraine ‘On the National Bank of Ukraine,’ granting the NBU the authority to include virtual assets in the country's reserves. 'We have registered such an initiative,' Zheleznyak stated.
Benefits of Crypto Integration
Zheleznyak emphasized that proper management of crypto reserves will strengthen macroeconomic stability and create new opportunities for the digital economy. This step is aimed at deepening Ukraine's integration into global financial innovations.
International Context and Future
The idea of incorporating virtual assets into state reserves is not unique to Ukraine. Zheleznyak pointed to international precedents, including the formation of a strategic crypto reserve in the USA. The registration of Draft Law No. 13356 marks a pivotal moment for Ukraine and will be closely monitored by the global financial community.
The registration of this bill may signify a pivotal moment in Ukraine's financial policy and support for the digital economy. The NBU's next steps in its implementation will be of considerable importance both for Ukraine and global markets.
