Taiwanese legislator Dr. Ko Ju-Chun formally delivered a Bitcoin Policy Institute report to Premier Cho Jung-tai and central bank Governor Yang Chin-long on April 29, urging the executive branch to study allocating part of Taiwan's $602 billion in foreign exchange reserves to BTC as a strategic national asset.
The proposal, presented during a Legislative Yuan session, also asked the central bank to deliver a new report within one month covering stablecoins and broader digital-asset reserve frameworks. Ko framed BTC as a hedge against dollar-denominated reserve concentration and a tool to modernize Taiwan's sovereign balance sheet.
Why it matters
A formal Taiwanese push puts another major East Asian economy on the same trajectory as the United States and several smaller sovereigns exploring strategic BTC holdings. The framing — reallocating existing FX reserves, not adding new liabilities — is the version central banks find easiest to evaluate. The BPI report gives the executive branch a ready-made policy template to react to.
Market impact
The actual capital flow depends on the central bank's 30-day review, but the optics matter: Taiwan's $602B reserve pool is roughly 17x El Salvador's, and even a single-digit-percent allocation would be one of the largest sovereign BTC positions on the public record. Watch for the central bank's response and any legislative follow-up before treating the bid as actionable.
Frequently asked questions
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Who proposed a Bitcoin reserve for Taiwan?
Taiwanese legislator Dr. Ko Ju-Chun formally delivered a Bitcoin Policy Institute report to Premier Cho Jung-tai and central bank Governor Yang Chin-long on April 29 during a Legislative Yuan session.
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How large is the reserve pool being discussed?
Ko urged allocation from Taiwan's $602 billion in foreign exchange reserves, framing BTC as a hedge against dollar-denominated reserve concentration and a balance-sheet modernization tool.
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What did the central bank get asked to do?
Ko asked Taiwan's central bank to submit a new report within one month covering stablecoins and broader digital-asset reserve frameworks.
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Is this a binding policy decision?
No — it is a formal proposal to the executive branch. Actual capital allocation depends on the central bank's 30-day review and any subsequent legislative action.
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How would a Taiwan allocation compare to El Salvador?
Taiwan's $602 billion FX reserve pool is roughly 17 times El Salvador's reserves, meaning even a single-digit-percent allocation to BTC would rank among the largest sovereign BTC positions on the public record.
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