Taiwan May Add Bitcoin to National Reserves — Lawmakers Push for Full Audit by Year-End
Taiwan’s legislature has urged the federal government to audit its Bitcoin holdings and take into account the cryptocurrency for strategic reserves, probably diversifying away from its reliance on the US greenback. Premier Cho Jung-tai, responding to legislative stress, 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.
Lawmakers Seek Bitcoin Audit and Reserve Strategy
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 trade reserves totaled $602.94 billion, in accordance to the Central Bank of the Republic of China. Over 90% of those belongings are in US dollars, which lawmakers argue places Taiwan at elevated threat from forex fluctuations and coverage adjustments.
Ko warned that over-reliance on the US greenback exposes Taiwan to the chance of forex depreciation if the greenback weakens or the New Taiwan greenback positive aspects worth. Such tendencies may erode the buying energy of reserves, threaten stability, and problem macroeconomic resilience.
Ko also called for an immediate inventory of all government-held Bitcoin, together with belongings seized in legal cases. In 2024, Taiwanese prosecutors confiscated round $146 million in cryptocurrency in a significant fraud case, highlighting the potential worth of government-held digital assets.
Ko added that confiscated Bitcoin from authorized circumstances must be held for potential strategic use slightly than shortly liquidated. This coverage would assist Taiwan construct a digital reserve base, significantly as laws evolve.
Premier Cho Jung-tai noted that whereas the US greenback remains to be the dominant settlement forex globally, the federal government stays open to evaluating rising digital assets. Central Bank Governor Yang Chin-long dedicated to offering an up to date, balanced report on a Bitcoin reserve technique by year-end 2025.
Global 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 government order establishing the Strategic Bitcoin Reserve and the United States Digital Asset Stockpile.
Several 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 up to a million Bitcoin over 5 years, requiring safe storage with a minimal 20-year holding interval.
The National Conference of State Legislatures stories that many states have proposed or handed cryptocurrency strategic reserve payments in 2025. Ko referenced 18 US states, including New Hampshire, Arizona, and Texas, which have already built-in Bitcoin into reserve insurance policies.
Deutsche Bank analysts mission that Bitcoin may change into a core financial asset by 2030, attaining a reserve standing related to that of gold. Such forecasts have strengthened arguments for Bitcoin adoption amongst world central banks.
Regulatory Delays and Taiwan’s Global Position
While reserve planning advances, Taiwan faces regulatory hurdles for digital belongings. Legislator Ko criticized sluggish progress on the Virtual Asset Service Provider specialty legislation, cautioning that uncertainty could threaten industry growth and dampen Taiwan’s position in digital finance.
Nine cryptocurrency platforms are regulated in Taiwan, however additional delays in complete VASP laws could 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, slightly than a hierarchical method, to assist innovation.
As the Central Bank prepares its year-end analysis, the controversy highlights bigger questions of monetary autonomy in an more and more digital world. The authorities’s response will present whether or not Taiwan will diversify its reserves or maintain to conventional belongings as world finance evolves.
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