• Taiwan weighs adding Bitcoin to reserves as officials look to reduce reliance on the U.S. dollar.
  • Lawmaker Ko urges a fast-tracked crypto review, pushing the central bank to assess risks and policy fit.
  • Global divide grows as some nations adopt Bitcoin while others remain cautious on reserve use.

Taiwan is stepping up discussions around cryptocurrency policy after lawmaker Ko Ju-Chun proposed adding Bitcoin to the island’s foreign reserves. Speaking during a Legislative Yuan session on April 29, Ko presented findings from the Bitcoin Policy Institute to Premier Cho Jung-tai and central bank governor Yang Chin-long.

The proposal would see Taiwan put a small share of its $602 billion reserves into Bitcoin to cut its reliance on the U.S. dollar and spread risk. Ko also asked the central bank to produce a detailed report on digital assets within a month, adding to pr…

in reserves - Taiwan Weighs Bitcoin Reserves to Cut Dollar Dependence

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in reserves - Taiwan Weighs Bitcoin Reserves to Cut Dollar Dependence