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Ukraine Bill Proposes Bitcoin Reserves as Part of National Holdings

  • Ukraine has introduced a bill proposing to add Bitcoin to its national reserves, alongside gold and foreign currencies.
  • This move aligns with a global trend of state-level adoption of cryptocurrencies, with Ukraine potentially becoming the first European country to hold BTC reserves officially.
  • The draft law would allow the National Bank of Ukraine to include Bitcoin and other digital assets in the country's official reserves.
  • The decision is seen as a strategic move considering Ukraine's economic challenges due to the ongoing war.
  • The trend of incorporating cryptocurrencies into national reserves is gaining traction globally, with countries like El Salvador embracing Bitcoin and ETFs experiencing significant growth.
  • While the bill is still pending review, its approval would signify a significant step for Ukraine in supporting its reserves with cryptocurrencies, highlighting a shift in the traditional financial system.

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