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Taiwan’s central bank has been given one month to produce a report on stablecoins and digital asset reserves, following an instruction from a lawmaker rather than from the bank’s own leadership.
The directive came from Dr. Ko Ju-Chun, a member of Taiwan’s Legislative Yuan, who submitted a proposal urging the government to consider allocating part of the country’s national reserves into Bitcoin.
Dr. Ko’s proposal was supported by the Bitcoin Policy Institute and was delivered during an official session to Premier Cho Jung-tai and central bank Governor Yang Chin-long.
The proposal is framed around the composition of Taiwan’s reserve portfolio. Taiwan holds roughly $600 billion in foreign exchange reserves, with more than 80% tied to US dollar assets.
Bitcoin Policy Institute’s Sam Lyman described Dr. Ko’s move as evidence that lawmakers are evaluating the asset with seriousness, positioning it less as a conventional financial product and more as a potential strategic instrument.
The proposal does not call for Taiwan to invest all of its reserves in Bitcoin. Instead, it asks the government to consider a smaller allocation as a hedge—aimed at reducing dependence on dollar-denominated assets amid a shifting geopolitical environment.
The argument contrasts Bitcoin with other reserve categories. It notes that gold requires physical transport, while fiat assets rely on government systems and bilateral trust. Bitcoin, by contrast, operates outside those structures.
Whether the proposal will be adopted remains uncertain. Taiwan’s central bank rejected Bitcoin as a reserve asset in 2025, citing concerns including price volatility, liquidity, and custody-related practical challenges. The central bank’s position has not officially changed.
However, activity has increased behind the scenes. The central bank has been running a sandbox program using seized Bitcoin to test how digital assets might function within a controlled framework. The sandbox effort is described as neither an endorsement nor a dismissal.
The executive branch and the central bank are expected to formally assess the proposal, with their decision likely to be watched by other countries considering similar approaches to digital assets and reserve management.
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