Cryptocurrency Information Bureau News: Ukraine submits bill to allow Bitcoin in national reserves! What does the future hold for cryptocurrencies? #Bitcoin #Ukraine #CryptocurrencyNews
Video explanation
Ukraine to put Bitcoin in national "piggy bank"? We'll explain it in a way that even beginners can understand!
Hello everyone! I'm John, a blockchain navigator. Thank you for your continued support!
Today, we bring you some surprising, futuristic news. It turns out that a country in Eastern Europe called Ukraine is seriously considering including Bitcoin in its official piggy bank!
If you're wondering, "What exactly is a national piggy bank?" or "Isn't Bitcoin the one that goes up and down so much?", don't worry. If you read this article, you'll understand the meaning of this news. Let's take a look together!
What is a country's "piggy bank"? - The basics of foreign exchange reserves -
First, let me explain the key word for understanding this news: "national reserves." This refers to the "money and assets that a country has for emergencies." To put it in more technical terms,Foreign exchange reserves"It is sometimes called that.
Imagine this. If the value of the Japanese yen were to suddenly fall, wouldn't it be a big problem? In such a case, a country can sell its dollars and buy Japanese yen to stabilize the value of the yen. It is also used when importing important items from foreign countries and when returning money to foreign countries.
The contents of this precious "piggy bank" have mainly consisted of the following items up until now:
- Gold:It's a shiny metal that has been considered valuable since ancient times!
- Stable foreign currency:For example, currencies that are trusted internationally, such as the US dollar and the euro.
The person who manages these assets is the countryCentral bankIn Japan,Bank of Japanis playing that role.
What are "Bitcoin" and "Virtual Assets"?
Next, the other main character of this news,Bitcoin"is about.
Bitcoin is aVirtual currency"Or"Crypto assets (Angoushisan)" is one of the so-called "money," and is digital money exchanged over the internet. Unlike yen or dollars, there are no bills or coins that you can touch with your hand. It exists as data stored on computers and smartphones.
A major feature of Bitcoin is that it is not issued or managed by any particular country or bank.Block chainIt is supported by a special technology called "cryptocurrency" (a large shared ledger on the Internet) that allows everyone to monitor and record and manage information. This makes it possible to make transactions safely without a central administrator.
and,"Virtual assets" is a term that refers to all digital assets, including Bitcoin. There are many other types of virtual currencies.
What changes will Ukraine's new law bring?
Now, finally, to the main topic. In Ukraine, a bill is being proposed to allow "virtual assets" such as Bitcoin to be held as the official national reserve!Bill – Hoan) is the national parliament (Verkhovna RadaThe news this time is that the bill was submitted to the Diet (similar to the Diet in Japan). (According to the original article, the bill was submitted on June 2025, 6)
Specifically, the proposal is to update current legislation to allow the Central Bank of Ukraine to include "virtual assets" in the country's foreign exchange and gold reserves.
If this bill passes and becomes law, Ukraine will be able to officially incorporate Bitcoin into its national piggy bank. This means that new options will be added to the national reserve system, which has traditionally been centered on gold and stable national currencies. This is a very groundbreaking move.
Why is the government using Bitcoin? – Background and Possibilities –
You may be wondering, "But why would a country want to add something as new as Bitcoin to its reserves?" There are a few possible reasons.
- Asset Diversification: The idea is to reduce risk by diversifying the country's assets not only into gold and dollars, but also into new types of assets such as Bitcoin. It's the same as the saying "Don't put all your eggs in one basket."
- Expectations for the future: Although the price of Bitcoin fluctuates greatly, there may be hope that its value may increase in the long term.
- As a means to financial independence: Bitcoin, which is not controlled by any country, may seem especially attractive to countries with unstable currencies or who find it difficult to use international financial systems (such as interbank remittance networks).
- Adapting to the digital age: Perhaps they believe that virtual assets will play an important role in an increasingly digitalized society, and are trying to take a pioneering approach to this issue.
Ukraine's move may be a sign that the value and potential of Bitcoin and other virtual assets is beginning to be recognized at the national level, not just as an investment target.
Of course, this is still just a "draft" of a law. We'll have to wait for future news to see if it will be discussed in Congress and become law, and whether the central bank will actually hold Bitcoin. But the fact that such a discussion is taking place in Congress is a big change.
A word from John:
Wow, Bitcoin in the country's reserves! A few years ago it may have seemed like something from a science fiction movie, but technology is advancing so fast that such discussions are starting in the real world. It's exciting to think that the form of money and the way national assets are held may continue to change. I'd like to keep an eye on how Ukraine's step will affect other countries!
This article is based on the following original articles and is summarized from the author's perspective:
Ukraine Introduces Bill to Allow Bitcoin in National
reservations