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Taiwan’s push for a Bitcoin reserve entered a new phase on April 29, when legislator Dr. Ko Ju-Chun formally presented a policy report to Premier Cho Jung-tai and Central Bank of China (CBC) Governor Yang Chin-long. The report, produced by the Bitcoin Policy Institute (BPI), urges the government to allocate a share of Taiwan’s $602 billion in foreign exchange holdings to Bitcoin, signaling growing momentum for digital asset integration within Taiwan’s financial policymaking circles.
The formal session took place within Taiwan’s Legislative Yuan, under the country’s semi-presidential system in which the premier holds considerable authority over domestic economic policy. Dr. Ko presented the BPI report during an official interpellation session, marking the first time the document reached the premier directly. Ko had first raised similar ideas with the central bank governor during a separate session on March 30, but the April 29 meeting expanded the discussion by including the head of government.
In addition to presenting the report, Ko requested that the CBC produce a new report within one month. The requested update is to cover stablecoins and broader digital asset reserve strategies.
The BPI report was written by BPI Fellow Jacob Langenkamp and published in March 2026. It highlights that more than 80% of Taiwan’s reserves are held in USD-denominated assets, creating exposure to currency debasement and potential geopolitical disruption, according to the report.
Langenkamp argued that Bitcoin differs from traditional reserve assets, saying: “Taiwan faces a unique convergence of geopolitical risk and reserve concentration that makes the case for Bitcoin reserves especially compelling.” He added that conventional assets may fall short under extreme conditions, noting: “in a scenario where physical gold is stranded and dollar reserves face restrictions, Bitcoin remains fully accessible without physical transport.”
Taiwan’s central bank previously evaluated Bitcoin as a reserve asset in late 2025. At that time, the CBC concluded it was unsuitable, citing concerns including volatility, limited liquidity, and custody risks. The CBC also committed to a digital asset sandbox, using 210 seized Bitcoin to support future testing.
Dr. Ko, vice co-chair of the Legislative Yuan’s US-Taiwan Caucus and founder of the Emerging Technology Exchange Association, has continued to press for a structured policy review. BPI leadership said the report’s reach is expanding within government circles. Sam Lyman, head of research at the Bitcoin Policy Institute, said: “BPI’s research is reaching the highest levels of government, both here in the United States and abroad.” He added that Ko’s direct presentation to top officials reflects how seriously Bitcoin is being considered as a strategic asset, stating: “Our job is to educate the public on the benefits of Bitcoin, and this report is in furtherance of that goal.”
The CBC’s one-month deadline to respond on stablecoins and digital asset reserve strategies sets a concrete timeline for the next phase of Taiwan’s policy debate. The forthcoming response—whether it revises the central bank’s earlier position or defends it—will likely shape how lawmakers and regulators proceed.
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