Taiwanese Legislator Urges Central Bank to Consider Bitcoin Reserve

Dr. Ko Ju-chun presented a Bitcoin Policy Institute report to Taiwan's Premier, proposing BTC as a reserve asset to reduce reliance on the US dollar.

On April 29, Dr. Ko Ju-chun, a member of the Legislative Yuan, presented a report from the Bitcoin Policy Institute to Premier Cho Jung-tai and Central Bank Governor Yang Chin-long. During a formal hearing, he urged the executive branch to evaluate the possibility of allocating a portion of national reserves to Bitcoin (BTC).

The proposal marks an escalation in the debate surrounding the role of digital assets in state financial policy, bringing the topic to the highest levels of government.

Diversification vs. Dollar Dependency

The legislator’s primary argument centers on concentration risk: approximately 80% of Taiwan’s reserves are denominated in U.S. dollars. This creates a vulnerability in the event of a potential dollar weakening or escalating geopolitical tensions.

Bitcoin is positioned as an alternative reserve asset that cannot be frozen, confiscated, or controlled by a foreign state—a characteristic that carries particular weight in the context of rising global tensions.

Demand for New Analysis and Regulatory Framework

Dr. Ko called on the central bank to prepare a new report within one month, covering not only Bitcoin but also stablecoins and the broader concept of digital reserves.

In parallel, he continues to push for the adoption of a Virtual Asset Service Provider (VASP) law. This would create a clear legal framework for the sector and its potential integration into state finances.

Central Bank Skepticism

The Central Bank of the Republic of China (Taiwan) previously reviewed BTC in late 2025 but concluded at the time that the asset was unsuitable for reserves due to high volatility and storage challenges.

However, the current proposal signals ongoing political pressure on the institution to rethink this stance, especially given global trends toward the digitalization of reserves.

Taiwan already holds a small amount of Bitcoin—at least 210 BTC—acquired through law enforcement seizures. These assets are being used within a “digital sandbox” designed to test the management and storage of crypto assets in a state context.

The Broader Context

The proposal comes at a time when an increasing number of nations and institutions are considering the role of digital assets as a supplement to traditional reserves. While still controversial, the idea of Bitcoin as “digital gold” is gradually finding a place in strategic discussions.

For Taiwan—an economy with high external exposure and a sensitive geopolitical position—the issue is not just about yield, but about resilience and control over financial resources amid global uncertainty.