Taiwan lawmaker asks government to study allocating part of $602B FX reserves to Bitcoin amid China tensions

Dr. Ko Ju-Chun delivered a report from the Bitcoin Policy Institute to Premier Cho Jung-tai and Central Bank Governor Yang Chin-long during a Legislative Yuan session on April 29, urging the executive branch to consider creating a Bitcoin reserve funded from Taiwan’s foreign-exchange holdings ^[1].

The proposal calls for exploring allocation of a portion of Taiwan’s roughly $602 billion in foreign-exchange reserves to Bitcoin as a way to diversify national assets and reduce dependence on the U.S. dollar ^{[2] [3]}.

Supporters framed the move in the context of geopolitical pressures with China and broader strategic diversification, while emphasizing that the recommendation is for study and consideration rather than an enacted policy to date ^{[4] [1]}.

The lawmaker’s submission asks Taiwan’s executive branch and central bank to examine Bitcoin as a reserve option, but sources indicate no formal decision has been announced and further review would be required before any allocation is made ^{[1] [2]}.