Taiwan Considers Bitcoin Reserves Amid Rising Calls For USD Diversification

There are growing calls for Taiwan's central bank to diversify its reserves. Credit: Timo Volz via Pexels. Key Takeaways Taiwan will explore adopting Bitcoin as a reserve asset. The announcement comes amid calls for the central bank to diversify away from the U.S. dollar. Taiwan’s central bank reserves are heavily concentrated in U.S. Treasuries. Taiwan’s government and central bank (CBC) will consider incorporating Bitcoin as a strategic reserve asset. Confirming the news on Wednesday, Nov. 12, L ...