Hetmantsev denied, Zheleznyak confirmed: the Verkhovna Rada does not have a unified position on the creation of a state crypto reserve
Controversy continues in parliament over new financial initiatives related to cryptocurrencies. Some deputies are openly promoting the idea of introducing a state strategic reserve in cryptocurrency, in particular in bitcoins, as a modern tool of financial security and investment attractiveness of Ukraine. At the same time, other elected officials categorically distance themselves from this topic and even deny the very possibility of the Verkhovna Rada’s participation in such projects and refute the statements of their committee colleagues, calling them paid fakes. Against this background, deep differences in positions are already evident even among the members of one parliamentary committee — in particular, the Committee on Finance, Tax and Customs Policy.
The Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danylo Hetmantsev took a categorical position regarding the rumors that have spread in recent days about the possible launch of a strategic bitcoin reserve. He stated, that the parliament does not intend to create any state reserves at all — neither strategic, nor even more so in cryptocurrency. Emphasizing that this is not the competence of the Verkhovna Rada, Hetmantsev noted:
“The Ukrainian Parliament does not plan to launch any reserves. All the more strategic. Especially bitcoin.
This is not the business of the parliament at all. Don’t be fooled by paid fakes.”
Therefore, the head of the financial committee distanced himself not only from the very content of the proposals, but also from the possibility of any parliamentary influence on the formation of reserve state assets in cryptocurrency. His statement sounded like a refutation of the information that was actively spread in the mass media, social networks and the crypto community after the statement of his first deputy, Yaroslav Zheleznyak.
Formerly Zheleznyak confirmed in a comment for Incrypted that Ukraine is indeed developing a draft law that provides for the creation of a state strategic bitcoin reserve. This was also discussed on the website of the Ministry of Finance. He emphasized that the relevant document is already at the finalization stage and will be submitted to the parliament in the near future.
Back in February 2025, Yaroslav Zheleznyak openly announced a similar initiative, stating:
“We will soon submit a draft law from the industry on the possibility of making crypto reserves.”
At that time, he did not specify in what form the mechanism of storage or structuring of such reserves would be considered, but he emphasized that it is about an idea that comes from the industry.
In addition, in a comment to LIGA.net, Regional Director of Binance in Central and Eastern Europe, Central Asia and Africa Kyrylo Khomyakov also told, that people’s deputies are discussing the legislative possibilities of including virtual assets in the state reserves of Ukraine.
“We have already had conversations with parliamentarians about this issue – there is both a desire and an understanding that it is necessary. But currently there is no clear vision of how to implement it. After all, during a detailed study of the issue of creating a crypto-reserve, we encountered the fact that for this an extremely large number of laws need to be changed, and so far this looks unrealistic.” Khomyakov noted.
Thus, today there is an obvious difference in the positions of the two key figures of the parliamentary finance committee. On the one hand, Hetmantsev clearly denies the possibility of launching crypto-reserves, which not only refutes the rumors, but also points to the legal limitations of the parliament in this matter. On the other hand, there is Zheleznyak’s initiative, which is advancing under the slogan of modernizing the financial system and attracting new digital tools.
This contradiction in views indicates the absence of a unified strategy in the highest legislative body of the country regarding the use of cryptocurrencies in the state financial architecture. The very idea of crypto-reserves is currently in the zone of conceptual debate, but even before the introduction of the draft law, it is causing a strong reaction. This confirms that the debate on digital finance in parliament goes beyond a technical issue – and touches on fundamental views on the role of the state in managing risky, decentralized assets.
