Taiwan Considering Bitcoin for Strategic Reserve Study

Taiwan’s Executive Yuan and Central Bank announced their study of Bitcoin as a strategic reserve, supported by legislator Dr. Ju-chun Ko, utilizing confiscated Bitcoin for pilot holdings.

This initiative could diversify Taiwan’s financial reserves, reduce reliance on the US dollar, and boost Bitcoin’s status as a legitimate reserve asset globally.

Taiwan’s Bitcoin Reserve Pilot Launches with Confiscated Assets

Taiwan’s Executive Yuan and Central Bank have announced plans to incorporate Bitcoin as a strategic reserve, piloting with confiscated Bitcoins. Legislator Dr. Ju-chun Ko, a key proponent, emphasizes diversification amid currency volatility.

Confiscated Bitcoin from legal cases will initially fund this reserve pilot, aligning with proposed pro-Bitcoin regulations. Premier Cho Jung-tai anticipates delivering a comprehensive report by end-2025.

“Taiwan’s legislative momentum for Bitcoin reserves signals a major shift in Asia’s financial strategy.” – Samson Mow, CEO, JAN3

Taiwan Follows US in Exploring Bitcoin as Reserve Asset

Did you know? Taiwan’s initiative follows the US, where a strategic Bitcoin reserve was established, reflecting a growing trend towards Bitcoin as a national reserve asset.

Data from CoinMarketCap reports Bitcoin (BTC) has a current price of $101,987.72 and a market cap of $2.03 trillion, indicating a 14.49% decline over the last 90 days. The 24-hour trading volume is $71.77 billion, marked by a 15.37% change.

Coincu’s research team suggests Taiwan’s adoption of Bitcoin for reserves could diversify economic dependencies, fostering technological integration within financial systems. This strategic exploration signals progressive regulatory acceptance, with possible long-term viability.