This was also likely to happen considering the impact and donation the crypto community made for Ukraine from the beginning of their war.

One thing I read from the major source, which I considered very reasonable, is that the government is not ordering the national banks to acquire crypto, but it's like a go-ahead order in case any of those banks sees a need for them to do so from their reserve, and they are also not subjected to making it public, which means they can accumulate it in silence and also sell it off in silence without too much drama or explaining the need for why they did so.

I read the article you posted and got sclear picture of what the draft bill is. You also gave a detailed explanation of a part I didn't understand while reading the post. It's now up to the  National Bank of Ukraine (NBU) to decide if they want to buy, how they want to buy and when they want to buy.


It might be the reason. But the Ukrainian Parliament member Yaroslav Zhelezniak who is promoting the bill said that the bill was drafted because they don't want Ukraine to be left out in the global growing crypto adoption.

It's good news coming from Ukraine and there is also a bill for state cryptocurrency reserve that will soon be passed into law.

Why the rest of the banks are not allowed but only the national bank? Government scared that private banking companies will use bitcoin for profit and stray from the government or what? Anyway I wonder how this plays into the political environment in Ukraine with being at war with Russia and everything.
It is quite early to be talking about $1 million already but I have no doubts it will happen but it is crucial to keep our expectations in check as to not get ourselves too disappointed. Let us be realistic.

As always - we look for the best thing to happen, even though it's far, far away from being true.

That's true, it's still possible that they could reject it or become too skeptical to even buy any Bitcoin. This guys trust gold so much that they consider it more and for the fact that they have preferred gold for decades is something I feel they want to stick with. Regardless, we know that Bitcoin will still grow and continue to surge and bring new ATH, it doesn't matter whether they consider it a reserve or not.

I'm not talking about any of that Alex jones shit, but Ukraine is huge money laundering front for all kinds of shit that is being used to ultimately weaken Russia. Ukraine isn't even as sovereign as the US makes it seem. The big difference of course is that one country fights for its existence, the other is an aggressor trying to throw it's weight around and genocide a people it doesn't see as existing. Fortunately their government and military is so hopelessly corrupt and incompetent they haven't made any progress. Ukraine is not faultless no, but imo it's more forgivable. You get countless people citing UN reports and quotes, but selectively reading them and ignoring everything accusing ukraine of any war crimes or anything else. Right now a post is on the front page of reddit condemning russia for banning males from leaving the country, well thank for Bitcoin because Ukraine has been violating that human right for the entire war and Bitcoin has been the thing saving lives. US military under obama funded a nazi battalion in like 2013 in ukraine and continued to do so. They've been encroaching on russia border as well thats why putin finally invaded ukraine because these psychopaths do not stop trying to assert their dominance.

The only way Ukraine survives, Palestine survives, is if it's people and cultures survive. That can't happen when the entire populations are being chewed up by war or genocide, their money and assets taken away from them, and they are hunted and prosecuted in their own homes and streets. Bitcoin is an escape from dire contexts, a way to have money and resources as you flee.

The growing adoption of BTC and crypto is very obvious for all to see, and Ukraine clearly do not want to be left behind. After the U.S. approved BTC spot etf's and Donald Trump signed an executive order to establish a BTC strategic reserve and a digital asset stockpile, it was very obvious that many countries would follow after, and that is what we are seeing happening now.
Since they are not replacing gold with BTC, this is not a problem. They want to add BTC as part of their reserves, which already includes gold and foreign currencies.

They've been left out so much already. The EU doesn't want them, NATO as well, they won't be a part of the Euro zone, or BRICS... at least they'll get themselves some bitcoin.

That's just my dark humor. I hope Ukrainians won't put me on the list of enemies of state, which by the way is public.
https://molfar.com/en/enemies

IMO this is mainly to look pro-bitcoin and get some donations.

And how exactly is that happening, the banks and countries are buying BTC and holding it in their reserves, they have no control over the BTC network, they are not suddenly a third party that confirms transactions or anything like that, they are just like every other person who owns BTC, just that they own a larger amount. BTC is still a permissionless and decentralized network, despite adoptions like this.