The National Bank of Ukraine explained the refusal of the Bitcoin reserve

The decision to include virtual assets (VA) in international reserves is premature. This was stated in an interview with Interfax-Ukraine by the First Deputy Chairman of the National Bank of Ukraine Serhiy Nikolaychuk.

He pointed out that most cryptocurrencies are high-risk assets.

“Sharp drops and surges in the exchange rate of VA will negatively affect the overall volume of reserves,” the official emphasized.

According to Nikolaychuk, in the absence of a clear classification and unified regulation of digital currencies, their inclusion in reserves could undermine the process of Ukraine’s European integration.

“The European Central Bank has a fairly clear position – it considers it unacceptable to include crypto assets in the reserves of central banks of EU countries. Reserves must be liquid, safe and protected,” the NBU representative noted.

He added that such changes also do not meet the requirements of the Technical Memorandum under the Extended Fund Facility with the IMF .

Earlier, the head of the parliamentary committee on finance, tax and customs policy, Danylo Getmantsev, stated that there were no plans to adopt a bill on bitcoin reserves in Ukraine.

“The head of the National Bank and I do not support such steps, given the high volatility of crypto assets. It seems to me that the authors of the bill also did not really count on the regulator's support for the document,” the MP said at the time.

Let us recall that draft law No. 13356, which provides for the inclusion of VA in the NBU gold and foreign exchange reserves, was registered in June 2025. When writing the document, the authors did not consult with the regulator.

Source: cryptonews.net