Taiwan Weighs Bitcoin Reserves to Cut Dollar Dependence
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On April 29, lawmaker Ko Ju‑Chun presented Bitcoin Policy Institute findings asking Taiwan to allocate a small share of its $602 billion foreign reserves to Bitcoin to reduce U.S. dollar reliance and diversify risk. Ko urged the central bank to produce a detailed digital‑asset risk and policy report within one month, a formal review that could precede official reserve or adoption decisions (crypto, Bitcoin, central bank, policy). The proposal underscores a growing global split on using BTC in reserves and signals potential increased crypto adoption and reserve diversification that could affect market demand and sovereign buy‑side interest.
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- Taiwan weighs adding Bitcoin to reserves as officials look to reduce reliance on the U.S. dollar.
- Lawmaker Ko urges a fast-tracked crypto review, pushing the central bank to assess risks and policy fit.
- Global divide grows as some nations adopt Bitcoin while others remain cautious on reserve use.
Taiwan is stepping up discussions around cryptocurrency policy after lawmaker Ko Ju-Chun proposed adding Bitcoin to the island’s foreign reserves. Speaking during a Legislative Yuan session on April 29, Ko presented findings from the Bitcoin Policy Institute to Premier Cho Jung-tai and central bank governor Yang Chin-long.
The proposal would see Taiwan put a small share of its $602 billion reserves into Bitcoin to cut its reliance on the U.S. dollar and spread risk. Ko also asked the central bank to produce a detailed report on digital assets within a month, adding to pr…
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