Taiwan’s legislature has urged the federal government to audit its Bitcoin holdings and contemplate the cryptocurrency for strategic reserves, probably diversifying away from its reliance on the US greenback. Premier Cho Jung-tai, responding to legislative strain, has pledged an in depth report by the tip of the yr.
This initiative follows rising worldwide momentum for Bitcoin reserves, with a number of US states and main monetary our bodies exploring diversifying into digital belongings.
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Lawmakers Search Bitcoin Audit and Reserve Technique
On Tuesday, Kuomintang legislator Ju-Chun Ko raised considerations about Taiwan’s heavy publicity to the US greenback and the rising relevance of digital currencies throughout a Legislative Yuan session.
As of September 2025, Taiwan’s international alternate reserves totaled $602.94 billion, in accordance with the Central Financial institution of the Republic of China. Over 90% of those belongings are in US {dollars}, which lawmakers argue places Taiwan at elevated danger from foreign money fluctuations and coverage modifications.
Ko warned that over-reliance on the US greenback exposes Taiwan to the chance of foreign money depreciation if the greenback weakens or the New Taiwan greenback good points worth. Such traits may erode the buying energy of reserves, threaten stability, and problem macroeconomic resilience.
Ko additionally known as for an instantaneous stock of all government-held Bitcoin, together with belongings seized in authorized circumstances. In 2024, Taiwanese prosecutors confiscated round $146 million in cryptocurrency in a serious fraud case, highlighting the potential worth of government-held digital belongings.
Ko added that confiscated Bitcoin from authorized circumstances must be held for potential strategic use fairly than shortly liquidated. This coverage would assist Taiwan construct a digital reserve base, significantly as rules evolve.
Premier Cho Jung-tai famous that whereas the US greenback continues to be the dominant settlement foreign money globally, the federal government stays open to evaluating rising digital belongings. Central Financial institution Governor Yang Chin-long dedicated to offering an up to date, balanced report on a Bitcoin reserve technique by year-end 2025.
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International Momentum for Bitcoin Strategic Reserves
Taiwan’s exploration of Bitcoin reserves displays a worldwide shift. On March 6, 2025, President Donald J. Trump signed an govt order establishing the Strategic Bitcoin Reserve and the USA Digital Asset Stockpile.
A number of US states are additionally advancing their very own Bitcoin reserve legal guidelines. The BITCOIN Act of 2025, led by Senator Cynthia Lummis, instructs the US Treasury to buy as much as a million Bitcoin over 5 years, requiring safe storage with a minimal 20-year holding interval.
The Nationwide Convention of State Legislatures studies that many states have proposed or handed cryptocurrency strategic reserve payments in 2025. Ko referenced 18 US states, together with New Hampshire, Arizona, and Texas, which have already built-in Bitcoin into reserve insurance policies.
Deutsche Financial institution analysts undertaking that Bitcoin may turn out to be a core monetary asset by 2030, reaching a reserve standing much like that of gold. Such forecasts have strengthened arguments for Bitcoin adoption amongst world central banks.
Regulatory Delays and Taiwan’s International Place
Whereas reserve planning advances, Taiwan faces regulatory hurdles for digital belongings. Legislator Ko criticized gradual progress on the Digital Asset Service Supplier specialty regulation, cautioning that uncertainty may threaten business development and dampen Taiwan’s function in digital finance.
9 cryptocurrency platforms are regulated in Taiwan, however additional delays in complete VASP laws might impede growth and restrict fintech alternatives.
Internationally, frameworks such because the US GENIUS Act and Singapore’s digital asset requirements present complete fashions for cryptocurrency oversight. Ko inspired a cooperative framework between banks and VASPs, fairly than a hierarchical method, to assist innovation.
Because the Central Financial institution prepares its year-end analysis, the talk highlights bigger questions of economic autonomy in an more and more digital world. The federal government’s response will present whether or not Taiwan will diversify its reserves or maintain to conventional belongings as world finance evolves.