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MainNewsIs Taiwan Re...

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

Bitcoin Accumulation: Saylor’s Strategy Reaches 580,955 BTC, Metaplanet Hits 8,888 BTC

Bitcoin Accumulation: Saylor’s Strategy Reaches 580,955 BTC, Metaplanet Hits 8,888 BTC

Bitcoin investment firm Strategy, formerly known as MicroStrategy, has expanded its h...
Bitcoin Surge Predicted as South Koreans Link Crypto Policies to Voting Decisions

Bitcoin Surge Predicted as South Koreans Link Crypto Policies to Voting Decisions

A survey conducted by CoinNess and Cratos among 2,000 South Korean cryptocurrency use...
MainNewsIs Taiwan Re...

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

Bitcoin Accumulation: Saylor’s Strategy Reaches 580,955 BTC, Metaplanet Hits 8,888 BTC

Bitcoin Accumulation: Saylor’s Strategy Reaches 580,955 BTC, Metaplanet Hits 8,888 BTC

Bitcoin investment firm Strategy, formerly known as MicroStrategy, has expanded its h...
Bitcoin Surge Predicted as South Koreans Link Crypto Policies to Voting Decisions

Bitcoin Surge Predicted as South Koreans Link Crypto Policies to Voting Decisions

A survey conducted by CoinNess and Cratos among 2,000 South Korean cryptocurrency use...