- Taiwan is continuing with a proper evaluation led by Nationwide Meeting member Dr. Ko Chun-Chun to think about Bitcoin as a strategic reserve asset.
- The transfer is prompted by issues in regards to the volatility of the Taiwan greenback and dependence on the US greenback, with the central financial institution anticipated to launch a report by the top of the yr.
- The evaluation is influenced by the US authorities’s personal Strategic Bitcoin Reserve, with lawmakers proposing a pilot program utilizing current BTC seized by Taiwan.
Taiwanese authorities are continuing with a proper evaluation to check whether or not Bitcoin might function a strategic reserve asset. Based on data shared with JAN3, the mission is being overseen by Dr. Ju-Chun Ko, a member of the Nationwide Meeting. The push reportedly has assist from members of the Government Yuan and the Central Financial institution.
The transfer is a part of a broader, high-level evaluation of the nation’s reserve technique. In response to a associated query, Central Financial institution Governor Yang Qinglong confirmed {that a} full investigation report on this matter will likely be issued by the top of the yr.
Associated: Is Taiwan prepared for Bitcoin? Ko Ju-chun suggests strategic reserve shift
Lawmakers level out dependence on US greenback and volatility of Taiwan greenback
The motion, led by Dr. Ju-chun Ko, has been constructing since Might. Dr. Koh urged central banks to investigate the potential of Bitcoin as a reserve asset.
A dialogue lined by Bitcoin-focused expertise firm JAN3 confirmed that Dr. Ko expressed issues in regards to the volatility of the New Taiwan Greenback (NT$). He additionally famous the nation’s excessive dependence on US dollar-denominated monetary devices.
U.S. and Argentina precedents affect debate
Worldwide precedents are closely influencing the dialog. In March 2025, the USA established the Strategic Bitcoin Reserve by means of an government order signed by President Donald Trump. This reserve included greater than $17 billion in confiscated Bitcoin.
Associated: US Treasury Clarifies Place on Strategic Bitcoin Reserve Plan
Different governments, comparable to Argentina and El Salvador, are additionally contemplating using Bitcoin inside their nationwide methods. Argentina’s President Javier Millay helps Bitcoin-centric insurance policies aimed toward decreasing inflationary pressures and making the nation much less depending on central financial institution coverage actions.
Dr. Koh referred to those instances in his legislative remarks. He cited Bitcoin’s mounted issuance schedule and decentralized construction as the explanation why some jurisdictions are treating it as a complementary reserve possibility.
Seized BTC could possibly be used for “pilot program”
Though no formal authority has been introduced, JAN3 stated Taiwan’s central financial institution and prime minister have expressed curiosity in an in depth evaluation. The preparation stage might embrace testing monetary procedures.
The pilot could possibly be funded with Bitcoin, which is already managed by the federal government. The evaluation of Bitcoin as a strategic reserve got here similtaneously one other lobbying by MP Ge Rujun, who referred to as on the federal government to determine whether or not current confiscated Bitcoins ought to be retained or liquidated.
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