Ukraine Finalizing Bill That Could See It Become Next Country To Adopt A National Bitcoin Reserve ⋆ ZyCrypto

By: bitcoin ethereum news|2025/05/16 10:15:06
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Ukraine is reportedly edging closer to making Bitcoin a strategic national reserve asset, a move that could strengthen its economic standing amid the prolonged war with Russia. This initiative is being developed in collaboration with Binance, the world’s largest crypto exchange by trading volume. Ukraine Eyes National Bitcoin Reserve In Collaboration With Binance Yaroslav Zhelezniak, a Member of Parliament and the First Deputy Chairman of the Finance, Tax, and Customs Policy Committee, told Ukraine-based media outlet Incrypted that lawmakers are currently working on a national reserve proposal. The draft bill is currently being finalized and will be submitted soon. Zhelezniak had mentioned preparing “a draft law” allowing the establishment of crypto reserves earlier in February. According to Incrypted, Binance is supporting Ukraine’s push for a national BTC reserve. While the report noted active cooperation between the global digital asset exchange and the Ukrainian government, it did not give details on the scope of the partnership. Ukrainian President Volodymyr Zelensky officially legalized the nation’s crypto sector in 2022, determining the industry’s regulators and giving them the green light to craft specific regulations. The National Bank of Ukraine is currently working on a draft law based on the European Union’s (EU) Markets in Crypto Assets (MiCA) regulation. Will Ukraine Make History? Bitcoin has garnered attention globally as a national reserve asset since the return of Donald Trump to the White House. On March 7, President Trump signed an executive order authorizing the creation of a Strategic Bitcoin Reserve and a separate digital asset stockpile. Other countries like the Czech Republic and Brazil are now considering Bitcoin as a reserve asset. However, no European nation is currently looking at whether or not to add to its reserves. If the bill is passed, Ukraine would become the first country in Europe to create a national Bitcoin reserve. Binance CEO Richard Teng revealed during an interview with The Financial Times last month that the company is working with several countries on creating strategic Bitcoin reserves and drafting crypto regulations. Despite the recent regulatory progress, the US, El Salvador, and Bhutan are the only countries that have already established a Bitcoin reserve to date. Source: https://zycrypto.com/ukraine-finalizing-bill-that-could-see-it-become-next-country-to-adopt-a-national-bitcoin-reserve/

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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