烏克蘭：戰略比特幣儲備的喚醒

現任美國總統唐納德·特朗普（Donald Trump）在社交媒體上不斷稱讚比特幣戰略儲備的優點。這個國家數字的想法

Current American president Donald Trump has continuously praised on social media the merits of a strategic reserve in bitcoin. This idea of a state digital safe now resonates in Ukraine, a country receiving aid and donations from around the world. As the war rages on, Kyiv is considering formalizing a BTC reserve. But this ambition raises as many hopes as questions. Is Ukraine awakening to crypto as a new economic and strategic weapon?

現任美國總統唐納德·特朗普（Donald Trump）在社交媒體上不斷稱讚比特幣戰略儲備的優點。現在，這個國家數字保險箱的想法在烏克蘭引起了共鳴，烏克蘭是一個獲得來自世界各地的援助和捐款的國家。隨著戰爭的爆發，基輔正在考慮將BTC儲備正式化。但是這種野心引起了人們的希望和問題一樣多。烏克蘭是否覺醒加密作為一種新的經濟和戰略武器？

Ukraine: the awakening of a strategic Bitcoin reserve

烏克蘭：戰略比特幣儲備的覺醒

烏克蘭：戰略比特幣儲備的覺醒

Ukraine is among the largest state holders of bitcoin. According to BitcoinTreasuries, its government wallets reportedly hold around 46,351 BTC, valued at nearly 4.8 billion dollars. This reserve mainly comes from massive donations, cryptocurrency seizures, and fundraising initiatives.

烏克蘭是比特幣最大的州持有人之一。據比特幣庫稱，據報導，其政府錢包持有約46,351 BTC，價值近48億美元。該儲備主要來自大量捐款，加密貨幣癲癇發作和籌款計劃。

This topic was recently raised by Yaroslav Zhelezniak, deputy and vice-chair of the finance committee at the Rada, who confirms that “the bill is in the finalization phase and will soon be submitted to Parliament“. He had already mentioned the idea of a crypto reserve in February 2025 without revealing details.

該主題最近是由RADA財務委員會副主席的Yaroslav Zhelezniak提出的，後者確認“該法案已處於最終確定階段，並將很快提交議會”。他已經在2025年2月提到了加密儲備儲備的想法，但沒有透露細節。

Moreover, Binance actively supports this initiative, while highlighting that “creating such a reserve will require significant legislative changes“.

此外，Binance積極支持這項倡議，同時強調“創建這樣的儲備將需要重大的立法更改”。

Indeed, Ukraine is positioning itself as an emerging player in crypto regulation, where the creation of a national bitcoin reserve symbolizes a new economic strategy. But the legislative and political stakes are high.

的確，烏克蘭將自己定位為加密監管中的新興參與者，在這裡，創建國家比特幣儲備象徵著一種新的經濟戰略。但是立法和政治利益很高。

The legislative and political stakes of the crypto reserve

加密保護區的立法和政治利益

加密保護區的立法和政治利益

The legislative path is proving difficult. Although the Rada approved a virtual assets bill at the end of April, this text was withdrawn under pressure from the presidential office and the National Securities Commission. However, the latter specified it was not responsible for the blockage while proposing 80 amendments to improve the legal framework.

事實證明，立法道路很困難。儘管RADA在4月底批准了一項虛擬資產法案，但該文本在總統辦公室和國家證券委員會的壓力下被撤回。但是，後者規定，在提出80項修正案以改善法律框架的同時，對障礙不承擔任何責任。

This approach showcases the political complexity around crypto in Ukraine, striking a balance between the desire for innovation and the need for institutional caution.

這種方法展示了烏克蘭加密貨幣周圍的政治複雜性，在對創新的渴望與機構謹慎的需求之間達到了平衡。

However, Kirill Khomyakov, Binance regional head, believes this initiative should ultimately “lead to greater clarity in the regulation of crypto assets in Ukraine“.

但是，義務區負責人基里爾·科莫科夫（Kirill Khomyakov）認為，這項倡議最終應該“使烏克蘭的加密資產的規範更加清晰”。

Ultimately, adopting a bitcoin reserve is not only an economic issue but also a political battle to structure crypto sector governance in a country in crisis.

最終，採用比特幣儲備不僅是一個經濟問題，而且是在危機中構建加密部門治理的政治鬥爭。

Crypto and numbers: increasing interest in the State reserve

加密和數字：對國家儲備的興趣增加

加密和數字：對國家儲備的興趣增加

Interest in the bitcoin reserve now goes beyond the Ukrainian borders. In the United States, Donald Trump signed an executive order in March 2025 to establish a federal strategic bitcoin reserve. This reserve will collect BTC seized in judicial cases and may also pursue other avenues for acquiring bitcoin.

現在，對比特幣保護區的興趣超出了烏克蘭邊界。在美國，唐納德·特朗普（Donald Trump）於2025年3月簽署了一項行政命令，以建立聯邦戰略比特幣儲備。該儲備將在司法案件中收集BTC，並可能追求其他途徑以獲取比特幣。

Here are some key figures to remember about Ukraine:

這是關於烏克蘭的一些關鍵人物：

* These figures reflect a real interest in state crypto reserves. They also testify to the rapid evolution of a crypto sector mixing finance, politics, and sovereignty.

*這些數字反映了對國家加密儲備的真正興趣。他們還證明了加密貨幣融資，政治和主權的快速發展。

The idea of a state bitcoin reserve appeals to some countries, but others, like Switzerland or the United Kingdom, remain more cautious. These governments are more sensitive to the volatility of crypto assets and the regulatory risks they pose. They consider this approach premature and potentially disruptive to monetary policy.

國家比特幣儲備的想法吸引了某些國家，但其他國家（如瑞士或英國）的想法仍然更加謹慎。這些政府對加密資產的波動及其構成的監管風險更為敏感。他們認為這種方法過早，並有可能破壞貨幣政策。

Furthermore, technological challenges and concerns over the digital assets’ security hamper their rapid adoption.

此外，對數字資產安全的技術挑戰和擔憂妨礙了他們的迅速採用。

Thus, the creation of a BTC reserve is not a universally validated concept but an emerging trend. It is mainly driven by countries like the United States and Ukraine, who are seeking new avenues for economic diversification and recovery.

因此，BTC儲備的創建不是一個普遍驗證的概念，而是一種新興趨勢。它主要是由美國和烏克蘭等國家驅動的，他們正在尋求新的經濟多元化和恢復途徑。