Taiwan is preparing to release a report on its Bitcoin holdings, indicating that officials are considering whether the country should follow the United States in establishing a Taiwan Bitcoin reserve. Zhuo Rongtai, the Premier of the Republic of China for Taiwan, announced that the government is compiling a report to assess the total amount of Bitcoin confiscated by domestic agencies.

The report is expected to be issued by the end of 2025, according to Rongtai, during a meeting with the Finance Committee on Tuesday (November 11). When asked about the future of the confiscated Bitcoin, legislator Ge Rujun proposed that the government “hold it unchanged” before deciding whether to liquidate the assets or incorporate them into a strategic reserve.

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Taiwan Keen to Explore Bitcoin Reserve Strategy Following in the Footsteps of the US

Rongtai’s upcoming report will outline the “pros and cons” of establishing a strategic Bitcoin reserve, marking the first time Taiwanese officials have publicly considered Bitcoin as a potential reserve asset. The premier’s intention to explore Bitcoin for this purpose and draft supportive regulations within six months has been termed a “breakthrough” by lawmaker Ko Ju-Chun.

Interest in Bitcoin from the government surged after President Trump’s March 7 executive order to create a Strategic Bitcoin Reserve using forfeited cryptocurrency. Taiwanese legislators are advocating for a Bitcoin reserve as a safeguard against global economic uncertainty, with calls for its establishment already made.

In May, Ju-Chun suggested including a maximum of 5% of Taiwan’s $50Bn reserves in Bitcoin to mitigate economic instability. Additionally, Taiwan is actively pursuing more crypto-friendly regulations to facilitate institutional adoption of cryptocurrencies.

In October 2024, Taiwan’s Financial Supervisory Commission (FSC) announced a trial for crypto custody services to be offered to financial institutions, further indicating the nation’s commitment to embracing cryptocurrency and its potential as a reserve asset.

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A Taiwan Bitcoin Reserve Would Undermine China’s Digital Yuan Plans

If Taiwan were to officially hold Bitcoin as part of its national reserves, it would be a diversification away from the US dollar and the Chinese Yuan, signaling financial independence.

Going in the opposite direction of a Government-issued stablecoin, a Taiwan Bitcoin reserve aligns with a decentralized monetary system not controlled by any single state, especially not by China.

It would serve as a hedge against global inflation or sanctions risk, similar to why some smaller countries consider Bitcoin reserves, with El Salvador the most famous example of a country that has successfully leveraged a Bitcoin treasury strategy.

Taiwan’s exploration of a Bitcoin reserve contradicts China’s digital Yuan (e-CNY) program, a centralized, state-controlled digital currency. China’s goals for e-CNY are to enhance financial surveillance and control domestically, while also reducing its dependency on the USD in both global trade settlements and USD-backed stablecoin settlements for blockchain transactions.

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Alex Ioannou
Alex Ioannou
On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More

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