Currencies33997
Market Cap$ 3.86T+0.05%
24h Spot Volume$ 50.45B-3.95%
DominanceBTC60.83%-0.04%ETH9.27%-0.17%
ETH Gas0.37 Gwei
Cryptorank

Is Taiwan Ready for Bitcoin? Ko Ju-chun Proposes a Strategic Reserve Shift


by Lisa walter
for CoinEdition
Taiwan Proposes BTC as Part of National Reserves: Report
  • Ko Ju-chun proposes adding Bitcoin to Taiwan’s reserves to enhance financial resilience.
  • Bitcoin could help Taiwan hedge against economic volatility and complement gold reserves.
  • Ko suggests Taiwan could allocate 5% of its $50B reserves into BTC for diversification.

Taiwanese lawmaker Ko Ju-chun has suggested that Bitcoin be included in Taiwan’s official reserves. According to the KMT lawmaker, Bitcoin could protect Taiwan against economic instability and strengthen its financial resilience. Ko believes that Bitcoin can coexist with gold and other currencies, potentially boosting Taiwan’s national security and economy. 

Ko highlighted the increasing importance of blockchain-based, distributed assets such as Bitcoin. He stated that digital assets could diversify Taiwan’s reserves and curtail dependence on traditional finance systems. Ko cautioned that Taiwan could lag if it fails to address these opportunities quickly.

The post Is Taiwan Ready for Bitcoin? Ko Ju-chun Proposes a Strategic Reserve Shift appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Breaking: Trump Imposes 30% Tariffs on EU and Mexico, Bitcoin Price Falls Below $118K

Breaking: Trump Imposes 30% Tariffs on EU and Mexico, Bitcoin Price Falls Below $118K

Bitcoin’s recent price surge suffered a setback today following the announcement of n...
Bitcoin, Ether Tentative, XRP Steady as Trump Announces 30% Tariff on EU and Mexico

Bitcoin, Ether Tentative, XRP Steady as Trump Announces 30% Tariff on EU and Mexico

Major coins traded tentatively as Trump escalated trade tensions.

Is Taiwan Ready for Bitcoin? Ko Ju-chun Proposes a Strategic Reserve Shift


by Lisa walter
for CoinEdition
Taiwan Proposes BTC as Part of National Reserves: Report
  • Ko Ju-chun proposes adding Bitcoin to Taiwan’s reserves to enhance financial resilience.
  • Bitcoin could help Taiwan hedge against economic volatility and complement gold reserves.
  • Ko suggests Taiwan could allocate 5% of its $50B reserves into BTC for diversification.

Taiwanese lawmaker Ko Ju-chun has suggested that Bitcoin be included in Taiwan’s official reserves. According to the KMT lawmaker, Bitcoin could protect Taiwan against economic instability and strengthen its financial resilience. Ko believes that Bitcoin can coexist with gold and other currencies, potentially boosting Taiwan’s national security and economy. 

Ko highlighted the increasing importance of blockchain-based, distributed assets such as Bitcoin. He stated that digital assets could diversify Taiwan’s reserves and curtail dependence on traditional finance systems. Ko cautioned that Taiwan could lag if it fails to address these opportunities quickly.

The post Is Taiwan Ready for Bitcoin? Ko Ju-chun Proposes a Strategic Reserve Shift appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Breaking: Trump Imposes 30% Tariffs on EU and Mexico, Bitcoin Price Falls Below $118K

Breaking: Trump Imposes 30% Tariffs on EU and Mexico, Bitcoin Price Falls Below $118K

Bitcoin’s recent price surge suffered a setback today following the announcement of n...
Bitcoin, Ether Tentative, XRP Steady as Trump Announces 30% Tariff on EU and Mexico

Bitcoin, Ether Tentative, XRP Steady as Trump Announces 30% Tariff on EU and Mexico

Major coins traded tentatively as Trump escalated trade tensions.