“Bitcoin is the gunpowder of the digital period,” Taiwan lawmaker Ko Ju-Chun declared on Might 9, as he urged Taipei to fortify its $577 billion reserve chest with BTC earlier than forex shocks or battle strike.
Taiwan Legislator KO, JU-CHUN advocates for Bitcoin as a part of a diversified reserve technique on the Nationwide Convention on Might ninth. Citing international dangers & Bitcoin’s hedge potential, he urges Taiwan to contemplate it alongside gold & foreign exchange reserves to bolster monetary resilience.… pic.twitter.com/KHKcHLQ2uB
— 科技立委葛如鈞 Ko Ju-Chun (@dAAAb) Might 9, 2025
Talking on the Nationwide Finance Convention on Friday, Ko emphasised that Bitcoin, like gold and foreign exchange, deserves recognition as a sovereign reserve asset.
His remarks adopted his latest engagement with Samson Mow, CEO of Jan3 and a outstanding advocate for national-level Bitcoin adoption, significantly in international locations like El Salvador.
Ko, who serves as a legislator-at-large in Taiwan’s Legislative Yuan, argued that Bitcoin may play an necessary function in strengthening Taiwan’s monetary protection mechanisms.
“We at present maintain 423 metric tons of gold, and our overseas alternate reserves whole $577 billion—together with U.S. Treasury bonds,” the lawmaker mentioned, “However within the occasion of rising forex volatility or potential regional battle, Taiwan might not have the ability to guarantee the security and liquidity of those reserves.”
Bitcoin as a Strategic Hedge Amid Rising Financial and Geopolitical Dangers
In his speech, Ko defined that Bitcoin’s traits, together with a hard and fast provide, decentralization, and censorship resistance, make it an appropriate hedge as conventional monetary devices are more and more weak to exterior stress.
Ko mentioned Bitcoin has operated for over 15 years with out a government and stays proof against embargoes.
“It’s time for Taiwan to suppose strategically,” he urged. “Bitcoin might not simply be a forex. As former Dean Chen Chong mentioned, it might be the gun, the gold, the silver, and even the gunpowder of the digital period. A sensible nation ought to by no means go away such weapons within the fingers of others.”
Ko additional instructed {that a} small allocation of Bitcoin, of as much as 5% of Taiwan’s $50 billion reserve, can be prudent. He burdened that it could be a part of a diversified technique, not a complete shift.
Ko’s proposal is grounded in rising considerations over Taiwan’s financial publicity as an export-reliant nation. He famous that the New Taiwan greenback has confronted extensive fluctuations as a consequence of international inflation and tensions within the Asia-Pacific area.
“In moments of extreme disaster or regional unrest, conventional reserve property like bonds and even gold might not assure speedy liquidity or safety. Bitcoin, with its cross-border, seizure-resistant design, offers us choices,” Ko argued.
He rigorously framed Bitcoin as an extra software moderately than a substitute for current reserves.
“I’m not saying Bitcoin is the one reply,” Ko clarified. “However in a world the place alternate charge dangers and regional instability are rising, it’s important to introduce new instruments that may assist us construct a extra versatile and resilient monetary technique.”
Taiwan’s Regulatory Push: FSC Advances Digital Asset Oversight with New Legislative Draft
Ko’s remarks additionally coincide with Taiwan’s growing crypto regulatory surroundings.
As Ko pushes for Bitcoin adoption nationally, Taiwan’s Monetary Supervisory Fee (FSC) is laying the groundwork for complete digital asset regulation.
On March 25, the FSC unveiled its draft of the “Digital Asset Service Act,” a proposed legislative framework that might regulate the crypto business whereas enhancing market integrity and investor protections.
The draft outlines rigorous licensing necessities for Digital Asset Service Suppliers (VASPs), together with requirements for organizational construction, capital thresholds, and certified personnel.
It additionally permits native banks to concern stablecoins pegged to the New Taiwan greenback, pending FSC approval and strict compliance with issuance pointers.
To uphold these requirements, the FSC will probably be empowered to conduct inspections, monitor compliance, and impose penalties on non-compliant entities.
Taiwan FSC approves entry to overseas crypto ETFs for skilled buyers, requiring strict assessments by brokers. A cautious but important transfer for digital property.#CryptoRegulations #TaiwanCryptohttps://t.co/7FvpA5Lcex
— Cryptonews.com (@cryptonews) September 30, 2024
The FSC’s dedication to constructing a safe and well-regulated crypto ecosystem extends past compliance. In early 2025, the company launched a pilot program for institutional crypto custody providers and accepted a number of overseas crypto exchange-traded funds (ETFs) for skilled buyers.
Collectively, these regulatory and institutional initiatives point out Taiwan’s intent to develop into a completely fledged, regulated, and innovation-friendly cryptocurrency jurisdiction. And if Ko will get his approach, this may result in a extra financially resilient surroundings the place Bitcoin can lastly turn out to be a sovereign asset.
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