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Legislator Ko Ju-Chun has presented a Bitcoin Reserve report to Taiwan’s premier and central bank governor, arguing that the island’s large foreign exchange reserves—about $602 billion, with more than 80% in dollar-denominated assets—create currency exposure risk and could face accessibility problems in a geopolitical escalation scenario.
On April 29, 2026, Dr. Ko Ju-Chun, a member of Taiwan’s Legislative Yuan, delivered the Bitcoin Policy Institute’s (BPI) report on bitcoin reserves to Premier Cho Jung-tai and Central Bank of China Governor Yang Chin-long during a formal interpellation session. The report, written by Jacob Langenkamp and published in March 2026, outlines the trade, economic, and security case for holding bitcoin as a reserve asset alongside gold and foreign currency.
The proposal focuses on Taiwan’s FX “war chest,” which is approximately $602 billion. Ko Ju-Chun and the BPI argue that the heavy concentration in dollar-denominated assets exposes Taiwan to currency devaluation risk and, critically, to scenarios in which dollar assets could become inaccessible amid heightened tensions with China.
The initial allocation floated is approximately $2.5 billion in bitcoin—less than 0.5% of total reserves—described as a modest entry point, but one with symbolic significance.
The BPI report makes the case that bitcoin’s fixed supply, decentralization, and resistance to seizure make it potentially suited to Taiwan’s security environment. It argues that bitcoin cannot be frozen by a foreign government or cut off through a SWIFT-style financial blockade.
Ko Ju-Chun’s approach reflects a broader international discussion. In the United States, debate over reserve creation has extended to four nations, with related legislation advancing in at least 15 U.S. states. In Brazil, legislation has also been reintroduced that would allow up to 1 million BTC in national reserves.
No decision has been announced. However, by delivering the BPI report directly to Taiwan’s top monetary-policy officials, Ko Ju-Chun has placed the bitcoin reserve discussion on the formal legislative record—ensuring the issue is now part of the policy conversation.
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