- Taiwan plans to issue a report on Bitcoin holdings confiscated by government agencies before the end of the year.
- The report will evaluate the pros and cons of establishing a national strategic Bitcoin reserve.
- Lawmakers have advocated holding Bitcoin assets or including them in national reserves as a hedge against global economic uncertainty.
- Taiwan’s premier aims to develop Bitcoin-friendly regulations within six months to support institutional adoption.
- This move follows the U.S. initiative to create a Strategic Bitcoin Reserve using cryptocurrency seized in criminal cases.
Taiwan is preparing a report assessing Bitcoin assets confiscated by its domestic agencies, with plans to release the findings before the year ends. Zhuo Rongtai, premier of the Republic of China (Taiwan), stated this during a legislative fiscal inquiry meeting on Tuesday with the Finance Committee. The report will examine whether the government should maintain Bitcoin holdings or convert them for strategic purposes.
Legislator Ge Rujun suggested the government should “hold it unchanged” while deciding to liquidate or integrate the cryptocurrency into a strategic reserve. The upcoming report will include a list of advantages and disadvantages regarding the creation of such a Bitcoin reserve. This marks the first known instance of Taiwanese officials publicly considering Bitcoin as a reserve asset.
This initiative follows growing government interest spurred by the U.S. executive order signed by President Donald Trump on March 7, aimed at establishing a Strategic Bitcoin Reserve, initially composed of cryptocurrency forfeited in criminal cases. Joe Burnett, head of market research at Unchained, described this U.S. move as the first step toward integrating Bitcoin into global finance.
Taiwanese lawmakers have called for a Bitcoin reserve as a way to hedge against international economic uncertainties. In May, Ko Ju-Chun, a lawmaker at the Legislative Yuan, urged the government to consider including Bitcoin in the national reserve, proposing a maximum allocation of 5% of Taiwan’s $50 billion reserve, as referenced in his speech to the Taiwanese government.
Additionally, Taiwan is progressing toward more crypto-friendly policies. In October 2024, the Financial Supervisory Commission (FSC) initiated a trial for crypto custody services tailored for financial institutions. Zhuo Rongtai has committed to studying Bitcoin’s potential as a strategic asset and crafting regulatory frameworks supportive of cryptocurrency within six months.
For further details, see the legislative inquiry meeting video and local reports on the Bitcoin reserve proposal here.
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