Ukraine to Build Bitcoin Reserve— Partners With Binance

Ukraine is reportedly in talks with Binance to establish a national Bitcoin Reserve. The leading crypto exchange would help the Ukrainian government in shaping what could become the world’s first state-backed crypto vault. Sources say lawmakers are seriously considering placing Bitcoin, at the heart of the country’s sovereign wealth.

The nation currently holds roughly 46,351 BTC, received primarily through donations for defense and humanitarian purposes amidst war with Russia. Sources reveal that the country reportedly use the digital assets to buy firearms and aid as needed. With rising inflation, the hryvnia and the international market growing more unstable,  Kyiv is turning to the one asset that ignores borders, central banks, and political favour—Bitcoin with Binance as a power broker.

Binance Helps Ukraine Build a Crypto Fortress

The crypto exchange once a behind-the-scenes advisor in Ukraine’s Crypto reform, is now emerging as the power player in one of the most radical economic experiments of the decade.According to Kirill Khomyakov, the exchange’s regional head, Binance is working closely with lawmakers to provide strategic and technical guidance.

The proposed reserve would leverage Bitcoin’s decentralized nature to counteract the weaknesses of fiat systems. It would also serve as a hedge against ongoing economic uncertainty caused by the war and international sanctions.

Read more about Bitcoin price.

Ukraine’s Bitcoin Dream Hits Political Crossfire

Earlier, a draft bill made it through the committee in April 2025, signalling progress until it was abruptly withdrawn, reportedly under pressure from the President’s office. Over 80 subsequent amendments now cloud the path forward. Still, if realised the reserve would mark a tectonic shift, one that could catalyse regulatory clarity in Eastern Europe, reinforce investor confidence, and catalyze a new model for developing economies managing currency risk.

However, sources close to the matter say momentum is growing again, especially as international interest in Ukraine’s crypto policies continues to rise.

Does Ukraine Tax Crypto?

Ukraine’s securities regulator has brought a new framework to tax crypto income at a combined rate of up to 23%. The proposal excludes crypto-to-crypto transactions and stablecoins. The aim is to offer lawmakers a basis for creating informed and balanced regulation.