Taiwanese Lawmaker Proposes Bitcoin for National Reserves
taiwanese legislator ko Ju-chun has called on teh government to include Bitcoin in its national reserves. Speaking at a finance conference on May 9, Ko suggested allocating a small part of the country’s reserves to Bitcoin. This move aims to protect against global economic uncertainty and regional risks.
Ko highlighted Bitcoin’s decentralized nature and fixed supply. He believes these features make it a good hedge. Taiwan’s heavy reliance on exports and the volatility of its currency add to the need for diversification.
Bitcoin as a Crisis Reserve
Ko also noted Taiwan’s vulnerability in a crisis. He thinks Bitcoin could be an uncorrelated asset that stays liquid and avoids seizure risks during geopolitical tensions.
On X, Ko suggested allocating up to 5% of reserves—around $50 billion—to Bitcoin.He sees this as part of a diversified approach, not a full pivot.
While Ko admits Bitcoin isn’t a sole solution, he stresses the need to expand Taiwan’s toolkit for economic resilience.
Regulatory steps
Taiwan is moving toward crypto-friendly regulation. The Financial Supervisory Commission plans to launch institutional crypto custody trials this year. In contrast, mainland China bans most crypto activities.
The commission released a draft of the “Virtual Asset service Act” on March 25. It aims to regulate crypto businesses and protect investors. The draft includes licensing for VASPs and standards for stablecoin issuance by banks.
A 60-day public consultation period is underway, with the law expected to be submitted by June 30.Ko’s proposal shows growing interest in digital assets within Taiwan’s financial planning.
