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Ukraine is considering establishing a "Bitcoin War Reserve" and collaborating with Binance to promote legislation.
Russian President Vladimir Putin's latest remarks have drawn attention, claiming that rapprochement with Ukraine is inevitable, but also mentioning nuclear weapons, reflecting Russia's perspective and strategy in the conflict, as well as potential obstacles to peace. (Synopsis: Trump said: If there is no progress in the Ukrainian-Russian peace talks, "leave it alone"!) Bitcoin 85,000 magnesium sideways but dark tide) (Background supplement: Bitcoin rises above 85,000) The US government avoids a shutdown crisis, and Trump calls the Russian-Ukrainian war "very likely to end") Under the impact of the turbulent international landscape and war, Ukraine is considering the introduction of digital asset reserves, such as bitcoin, with the goal of becoming the first country in Europe to do so, an ambitious plan aimed not only at strengthening the country's financial resilience and fending off potential currency risks, but also through a partnership with Binance, the world's largest cryptocurrency exchange (Binance) In-depth cooperation to jointly pave the way for the future digital finance landscape. Key promoters of the program include Congressman Yaroslav Zhelezniak, who is vice chairman of the Finance Committee and actively involved in the drafting of the bill. In fact, the establishment of bitcoin reserves is part of a broader reform of cryptocurrency legalization and regulation in Ukraine aimed at creating a solid legal foundation for the use of digital assets in the country. Binance plays a key role In this key initiative, Binance, the world's leading cryptocurrency exchange, plays a central partner role. Binance not only provides Ukraine with the necessary technical infrastructure and regulatory advice, but Binance believes that Ukraine's successful establishment and management of its bitcoin reserves is indispensable, and Kirill Khomyakov, head of Central and Eastern Europe, Central Asia, and Africa at Binance, also expressed support for this cooperation: Creating such a reserve would require major legislative changes, suggesting that the process will not be quick. Another positive aspect is that this move could lead to greater clarity on the regulation of crypto assets in Ukraine, as the government needs to more clearly articulate its position on this issue Regulatory Barriers in Ukraine Ukraine also faces significant legislative and regulatory challenges on the road to building Bitcoin reserves, with current financial regulations not allowing the state to directly hold and manage digital assets, which means significant changes to the existing legal framework are required. It is understood that Ukraine is currently working on cryptocurrency-related regulations, and in early April, the Committee on Finance, Tax and Customs Policy of the Verkhovna Rada (Congress of Ukraine) approved a draft law on virtual assets, which is expected to go on first reading in the near future. But recently the cryptocurrency bill was blocked by the president's office, and Zhelezniak said that it was influenced by Ruslan Magomedov, chairman of the State Securities and Stock Market Committee, who said that the State Securities and Stock Market Commission does not have the right to express an opinion on the case by law, and that the committee has submitted up to 80 amendments and comments on the updated draft law to the Verkhovna Rada. Related reports $TRUMP first empowerment coming? Trump is rumored to hold a dinner for meme coin holders, but the price of the coin has reached a high point of nearly 90% White House 5 major declarations set the tone of new crown pneumonia (COVID-19019283746574839201 originated from the Wuhan laboratory leakage, Trump further intensified antagonism If Trump really takes over the Fed, it will explode? Looking back at half a century of U.S. history: looking at the results of politician-led monetary policy "Ukraine considers building a "bitcoin war reserve" and cooperates with Binance to promote legislation" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".