Taiwan premier promises Bitcoin reserve assessment report by end of 2025

Taiwan is preparing to contented a ceremonial study connected its Bitcoin holdings, signaling that officials are weighing whether the state should travel the United States successful creating a nationalist Bitcoin reserve.

Zhuo Rongtai, the Premier of the Republic of China (Taiwan), said the state is preparing a study to measure the full magnitude of Bitcoin (BTC) confiscated by home agencies.

The study volition beryllium issued earlier the extremity of the year, said Rongtai during the Legislative Yuan’s wide fiscal enquiry gathering with the Finance Committee connected Tuesday. 

When asked astir the destiny of the confiscated Bitcoin, legislator Ge Rujun projected that Taiwan’s authorities “hold it unchanged” earlier deciding whether to liquidate the assets oregon see them successful a strategical reserve, according to section media outlet Blocktempo.

Rongtai’s upcoming study volition besides see a database of “pros and cons” for creating a strategical Bitcoin reserve, marking the archetypal clip Taiwanese officials person publically considered BTC arsenic a reserve asset.

Source: Ko Ju-Chun

The premier’s pledge to “study” Bitcoin for a strategical reserve plus and draught much Bitcoin-friendly regulations successful the adjacent six months is simply a “breakthrough” for the country, wrote Ko Ju-Chun, lawmaker astatine Taiwan’s legislative agency, the Legislative Yuan, successful a Tuesday X post.

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Governmental involvement successful Bitcoin started rising aft March 7, erstwhile US President Donald Trump signed an executive order outlining a program to make a Strategic Bitcoin Reserve, initially utilizing cryptocurrency forfeited successful authorities transgression cases, Cointelegraph reported.

Source: Margo Martin

The Bitcoin reserve marked the “first existent measurement toward integrating Bitcoin into the cloth of planetary finance, acknowledging its relation arsenic a foundational plus for a much unchangeable and dependable monetary system,” said Joe Burnett, caput of marketplace probe astatine Unchained, astatine the time.

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Taiwan legislators are calling for a Bitcoin reserve arsenic a hedge against planetary uncertainty

While Taiwan has yet to marque an authoritative move, lawmakers person antecedently called for the instauration of a Bitcoin reserve.

In May, Ju-Chun called for the authorities to consider adding Bitcoin to its nationalist reserve, citing Bitcoin’s imaginable to service arsenic a hedge amid planetary economical uncertainty, during a code to the Taiwanese authorities astatine the National Conference connected May 9.

Ko Ju-Chun advocated for the adoption of Bitcoin by the Taiwanese authorities earlier the Legislative Yuan. Source: Ko Ju-Chun

The lawmaker antecedently suggested a maximum allocation of 5% of Taiwan’s $50 cardinal reserve.

Taiwan has been exploring much crypto-friendly regulations to bolster organization cryptocurrency adoption. In October 2024, the Financial Supervisory Commission (FSC) of Taiwan announced the motorboat of a proceedings for crypto custody services for fiscal institutions.

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