Ukraine is reportedly in discussions with Binance to create a national Bitcoin Reserve. This collaboration with the leading crypto exchange could lead to the world’s first state-backed crypto vault. Lawmakers are seriously considering making Bitcoin a central part of the country’s sovereign wealth.
Currently, Ukraine holds around 46,351 BTC, mainly acquired through donations for defense and humanitarian efforts during the conflict with Russia.
These digital assets have been used to purchase firearms and supplies as needed. Amid rising inflation and instability in the hryvnia and international markets, Kyiv is turning to Bitcoin—a borderless asset immune to central banks and political influences—with Binance as a key facilitator.
Once a behind-the-scenes advisor in Ukraine’s crypto reforms, Binance is now a central figure in this bold economic experiment. According to Kirill Khomyakov, Binance’s regional head, the exchange is closely collaborating with lawmakers, offering strategic and technical support.
