Bitcoin in Taiwan: Considering BTC as a National Reserve for the First Time
Taiwan’s premier, Zhuo Rongtai, stated that the nation is putting together a study to evaluate the total quantity of Bitcoin seized by domestic authorities. This suggests that authorities are debating whether the nation should establish a national Bitcoin reserve in the same manner as the US. During a meeting with the Finance Committee on Tuesday for a parliamentary general fiscal inquiry, Rongtai stated that the report will be released before the year is out. A list of “pros and cons” for establishing a strategic Bitcoin reserve will also be included in Rongtai’s upcoming study. This is the first public consideration of Bitcoin as a reserve asset by Taiwanese policymakers.
Bitcoin Gains Ground as Taiwan Considers National Reserve Role
In the following six months, the premier promised to study Bitcoin as a potential strategic reserve asset and to write further rules that would support it. In a Tuesday X post, lawmaker Ko Ju-Chun referred to this action as a breakthrough for the nation. Following the signing of an executive order by US President Donald Trump on March 7, government interest in Bitcoin started to increase. The directive described a strategy to establish a Strategic Bitcoin Reserve, first with cryptocurrency that had been forfeited in criminal cases involving the government.
The Bitcoin reserve marked the first real step toward integrating Bitcoin into the fabric of global finance, acknowledging its role as a foundational asset for a more stable and sound monetary system,
Joe Burnett, head of market research at Unchained
Taiwan Lawmakers Push for Bitcoin in National Reserve
Legislators have previously advocated for the establishment of a Bitcoin reserve, but Taiwan has not yet taken any official action. Ju-Chun urged the government to think about including Bitcoin in its national reserve in May. In an address to the Taiwanese government at the National Conference on May 9, he mentioned Bitcoin’s potential as a hedge in the face of global economic turmoil. A maximum distribution of 5% of Taiwan’s $50 billion reserve was earlier proposed by the lawmaker.
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