Ukrainian legislators took the first step towards creating a crypto reserve.
A group of eight deputies from the Ukrainian parliament, the Verkhovna Rada, submitted a Invoice which would authorize the country’s national bank on Tuesday to include “virtual assets in gold and exchange reserves”.
The main sponsor of the bill is Yaroslav Zheleznyak, who is the first vice-president of the Finance, Taxation and Customs Commission. Zheleznyak described the bill as a “step (to) integrate Ukraine into global financial innovations”, in an article on Telegram.
“Good management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,” he added.
Zheleznyak, however, noted that if it became the law, the policy would not require the central bank to create a crypto reserve, simply that it would have the possibility of doing so.
Ukraine already has 46,351 bitcoin
worth more than $ 5 billion, a figure that only the United States, China and the United Kingdom exceed, according to the data followed by Bitbo. However, the 2021 reports say All this is held by civil servants and other officialsInstead of being held in government chests.
The countries planning to build cryptocurrency reserves are not new, the United States being the most widespread. The government of Pakistan revealed similar plans for a BTC strategic reserve at the end of last month.
