Нацбанк Украины: Включение биткоинов в резервы негативно повлияет на евроинтеграцию Translation: National Bank of Ukraine: Inclusion of Bitcoin in Reserves Would Negatively Impact Eurointegration

The decision to incorporate virtual assets (VA) into the international reserves is premature, as stated by Sergei Nikolaychuk, the first vice-chairman of the National Bank of Ukraine, in an interview with Interfax-Ukraine.

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

«Sharp declines and spikes in the value of VAs will adversely affect the overall volume of reserves,» the official emphasized.

Nikolaychuk believes that without a clear classification and unified regulation of digital currencies, their inclusion in reserves could undermine Ukraine’s European integration process.

«The European Central Bank has a very clear stance—it deems the inclusion of crypto assets in the reserves of EU central banks unacceptable. Reserves must be liquid, safe, and protected,» the NBU representative noted.

He added that such changes do not align with the requirements set forth in the Technical Memorandum as part of the Extended Fund Facility program with the International Monetary Fund (IMF).

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

«We do not support such steps, considering the high volatility of crypto assets. It seems to me that the authors of the bill did not expect strong backing from the regulator either,» the lawmaker remarked.

It is worth recalling that Bill No. 13356, which aims to include VAs in the gold and foreign exchange reserves of the NBU, was registered in June 2025. The authors of the document did not consult with the regulator during its drafting.