- Taiwan legislator advocates Bitcoin reserve allocation.
- Proposal aims to boost financial resilience.
- Up to 5% of reserves suggested.
Ko Ju-Chun, a Taiwanese lawmaker, proposed allocating up to 5% of the countryโs $50 billion reserves to Bitcoin during a national conference held on May 7, 2025.
This proposal highlights Taiwanโs push toward financial innovation and diversification, potentially impacting national financial strategies and market dynamics.
Ko Ju-Chun, representing Taiwanโs Kuomintang party, has proposed to allocate a portion of Taiwanโs reserves to Bitcoin. He suggests that up to 5% of the countryโs $50 billion reserves could be involved. This initiative aims to enhance financial resilience and modernization of Taiwanโs financial systems by moving away from the overpowering reliance on the US dollar.
The proposalโs potential effects include increased awareness and potentially positive shifts in policy towards cryptocurrency acceptance in Taiwan. Immediate financial implications may include a more diversified and innovative financial strategy for the country.
โThe New Taiwan Dollar has experienced significant fluctuations recentlyโฆWe overly rely solely on the so-called US dollar. We lack financial resilienceโฆWe should truly implement financial diversification. Even Bitcoin should be taken into consideration.โ
โ Ko Ju-Chun, Legislator, Taiwan Legislative Yuan, Kuomintang (KMT)
Potentially, this initiative could lead to increased legislative discussions on cryptocurrency integration and regulation in Taiwan. Historical trends suggest that nations integrating Bitcoin within reserves can gain more resilience. In Taiwanโs case, integrating Bitcoin could result in favorable economic outcomes.
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