Taiwan to Issue Bitcoin Reserve Evaluation by Late 2025
Taiwan is gearing up to publish a formal evaluation of its Bitcoin holdings, indicating a potential move towards establishing a national Bitcoin reserve akin to the United States.
The Republic of China's Premier, Zhuo Rongtai, revealed that a comprehensive assessment of Bitcoin (BTC) seized by domestic agencies is underway. This report is slated for release by year's end, as stated during a Legislative Yuan fiscal inquiry session.
Legislator Ge Rujun suggested that the government retain the confiscated Bitcoin until a decision is made on whether to sell or incorporate it into a strategic reserve, according to Blocktempo.
Rongtai's report will weigh the benefits and drawbacks of forming a strategic Bitcoin reserve, marking a first for Taiwanese authorities in considering BTC as a reserve asset.
The Premier's commitment to explore Bitcoin as a strategic reserve asset and to introduce more Bitcoin-friendly regulations within six months is considered a "breakthrough," per Ko Ju-Chun, a Legislative Yuan member, in a post on X.
Interest in Bitcoin surged post-March 7, following the US President's executive order on creating a Strategic Bitcoin Reserve using cryptocurrency from government forfeitures, as reported by Cointelegraph.
Joe Burnett, head of market research at Unchained, described the Bitcoin reserve as a pivotal step in integrating Bitcoin into global finance, recognizing its role as a foundational asset for a stable monetary system.
Legislators Advocate for Bitcoin Reserve Amid Global Economic Uncertainty
Although Taiwan hasn't officially initiated a Bitcoin reserve, lawmakers have advocated for its creation. In May, Ju-Chun urged the government to consider Bitcoin as part of its national reserve, citing its potential as a hedge against global economic instability, during a National Conference speech.
Ju-Chun proposed a maximum 5% allocation of Taiwan's $50 billion reserve for Bitcoin.
Taiwan is also exploring crypto-friendly regulations to enhance institutional adoption. In October 2024, the Financial Supervisory Commission announced a trial for crypto custody services for financial institutions.