Ukraine Goes Full Crypto: Government Plans Bitcoin Reserves with Binance Backing

War-torn Ukraine makes a bold play for financial sovereignty—officials confirm plans to establish the world’s first national Bitcoin reserve. No more begging the IMF for bailouts when you’ve got Satoshi’s ledger, right?

Binance reportedly advising on treasury strategy. Cue eye-rolls from Wall Street bankers still waiting for their ’blockchain, not Bitcoin’ moment.

This isn’t just hodling—it’s geopolitical hedging 101. How long till the ECB starts sweating over its fiat monopoly?

Binance’s role in Ukraine’s Bitcoin reserve plan

According to the report, Binance, the world’s largest crypto exchange by volume, is advising Ukraine on its efforts to create a Bitcoin reserve.

Kirill Khomyakov, the firm’s regional head for Central and Eastern Europe, reportedly said Binance supports the initiative to create a sovereign digital reserve.

Khomyakov emphasized that significant legislative updates will be needed before the reserve becomes a reality. However, he also noted that the process could help clarify Ukraine’s stance on crypto regulation, as it WOULD require the government to define its policy more precisely.

Binance has yet to respond to CryptoSlate’s request for additional commentary.

Beyond Ukraine, Binance has engaged in similar conversations with countries like Kyrgyzstan, where it is also pushing for the adoption of crypto payments and promotion of digital finance education across the region.

This approach confirms Binance’s growing involvement with governments worldwide. The exchange’s CEO, Richard Teng, recently stated that several nations have consulted the company on building crypto reserves and developing regulatory frameworks.