Ukraine continues to lead Eastern Europe’s crypto evolution with new regulatory milestones and ambitious plans for a national Bitcoin reserve. Despite ongoing conflict, the Ukrainian government is pushing forward with a legal and financial framework to integrate digital assets into the national economy.
July 7, 2025 — Sanctions on Russian-Linked Crypto Entities
President Volodymyr Zelenskyy signed a decree imposing sanctions on 60 crypto firms and 73 individuals involved in facilitating Russian crypto transactions. The move aims to restrict crypto-fueled sanctions evasion.
June 10, 2025 — Bill 13356: Crypto as State Reserves
A new bill submitted to the Verkhovna Rada proposes allowing the National Bank of Ukraine (NBU) to hold Bitcoin and other cryptocurrencies as part of national reserves—marking a historic shift in Ukraine’s monetary strategy.
May 2025 — Strategic Bitcoin Reserve in Partnership with Binance
Ukrainian MP Yaroslav Zhelezniak confirmed efforts to establish a national Bitcoin reserve, with Binance supporting the technical infrastructure. The reserve aims to boost transparency, compliance, and macroeconomic resilience.
April 22, 2025 — Draft Law on Virtual Assets & Taxation
A comprehensive virtual asset law was introduced, covering:
April 10–8, 2025 — Crypto Tax Proposals by NSSMC
The National Securities and Stock Market Commission (NSSMC) proposed:
Ukraine has taken a regulatory approach aligned with the EU’s Markets in Crypto Assets (MiCA) framework. The government aims to foster innovation while protecting users—emphasizing that proper crypto reserve management can strengthen national financial stability.
Key Agencies:
Ukraine does not yet issue formal crypto licenses but is working on a regulatory draft titled “On Virtual Asset Markets.” This will introduce a Crypto Asset Service Provider (CASP) license, laying the foundation for compliant and secure crypto businesses.
Ukraine is one of the top crypto-holding nations in 2025, with 46,351 BTC (~$4.9B). These funds largely stem from donations made during the Russia-Ukraine war and are now seen as part of a long-term reserve strategy.
Ukraine’s approach to crypto in 2025 blends strategic regulation, macro-level financial planning, and grassroots adoption. By laying the groundwork for a Bitcoin reserve and aligning with international standards, the country is cementing its position as a digital asset leader—despite the wartime backdrop.
“Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,” said MP Yaroslav Zhelezniak.
Ukraine’s crypto future is no longer just about survival—it's about leadership.
July 2025, Cryptoniteuae