Taiwan May Add Bitcoin to National Reserves — Lawmakers Push for Full Audit by Year-End

Core Viewpoint - Taiwan's legislature is urging the government to audit its Bitcoin holdings and consider the cryptocurrency for strategic reserves, aiming to diversify away from reliance on the US dollar [1][3][4]. Group 1: Legislative Actions and Concerns - Kuomintang legislator Ju-Chun Ko raised concerns about Taiwan's heavy exposure to the US dollar and the increasing relevance of digital currencies during a Legislative Yuan session [3]. - Over 90% of Taiwan's foreign exchange reserves, totaling $602.94 billion as of September 2025, are in US dollars, which lawmakers argue increases risk from currency fluctuations and policy changes [4]. - Ko warned that over-reliance on the US dollar could lead to currency depreciation risks, threatening the purchasing power of reserves and macroeconomic stability [5]. Group 2: Bitcoin Audit and Strategic Use - Ko called for an immediate inventory of all government-held Bitcoin, including assets seized in legal cases, highlighting the potential value of these digital assets [6][7]. - In 2024, Taiwanese prosecutors confiscated approximately $146 million in cryptocurrency, emphasizing the importance of holding these assets for strategic use rather than liquidating them quickly [6][7]. Group 3: Government Response and Global Context - Premier Cho Jung-tai acknowledged the dominance of the US dollar but expressed openness to evaluating emerging digital assets, with a commitment to provide a balanced report on a Bitcoin reserve strategy by the end of 2025 [8]. - Taiwan's exploration of Bitcoin reserves aligns with a global trend, as seen in the US where President Trump signed an executive order for a Strategic Bitcoin Reserve [9]. - Several US states are also advancing Bitcoin reserve laws, including the BITCOIN Act of 2025, which mandates the US Treasury to purchase up to one million Bitcoin over five years [10].