Taiwan’s government is moving closer to integrating Bitcoin into its national reserve strategy, with the island’s Executive Yuan and Central Bank agreeing to evaluate Bitcoin as a potential strategic asset and explore pilot holdings using seized BTC currently awaiting auction.
The initiative, spearheaded by legislator Dr. Ju-chun Ko and backed by Samson Mow, CEO of Bitcoin infrastructure firm JAN3, marks one of Asia’s most significant steps toward sovereign Bitcoin adoption.
JAN3 confirmed the development following growing debates within Taiwan’s legislature over reducing dependence on traditional reserve assets, according to a report by Bitcoin Magazine.
Taiwan Lawmaker Cites Dollar Dependence in Push for Bitcoin Reserves
Dr. Ko has been vocal about the risks of overreliance on the US dollar and the country’s need for diversified financial safeguards.
Speaking earlier this year, he urged the central bank to consider Bitcoin’s inclusion in national reserves, citing global inflation, rising geopolitical tension, and the volatility of the New Taiwan Dollar.
The local currency has fluctuated as much as 5% in a single trading day, prompting calls for alternative hedging mechanisms.
Taiwan currently holds approximately 423 metric tonnes of gold and $577 billion in foreign exchange reserves, with around 92% invested in US Treasury bonds.
Dr. Ko clarified that Bitcoin would not replace these traditional holdings but serve as a complementary asset to strengthen the country’s financial resilience through diversification.
“Bitcoin offers a unique hedge due to its decentralized and fixed-supply nature,” Ko told lawmakers, referencing its independence from monetary policy and foreign influence.