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.