“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 foreign money 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 think about 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 currency echange, deserves recognition as a sovereign reserve asset.
His remarks adopted his current engagement with Samson Mow, CEO of Jan3 and a distinguished 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 essential function in strengthening Taiwan’s monetary protection mechanisms.
“We presently maintain 423 metric tons of gold, and our international alternate reserves whole $577 billion—together with U.S. Treasury bonds,” the lawmaker mentioned, “However within the occasion of rising foreign money volatility or potential regional battle, Taiwan might not be capable of 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 set 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 foreign money. As former Dean Chen Chong mentioned, it might be the gun, the gold, the silver, and even the gunpowder of the digital period. A clever nation ought to by no means go away such weapons within the palms of others.”
Ko additional prompt {that a} small allocation of Bitcoin, of as much as 5% of Taiwan’s $50 billion reserve, could be prudent. He burdened that it might 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 resulting from 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, provides us choices,” Ko argued.
He rigorously framed Bitcoin as an extra device relatively than a alternative for present reserves.
“I’m not saying Bitcoin is the one reply,” Ko clarified. “However in a world the place alternate price 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 creating 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 may regulate the crypto trade 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 shall be empowered to conduct inspections, monitor compliance, and impose penalties on non-compliant entities.
Taiwan FSC approves entry to international crypto ETFs for skilled traders, 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 international crypto exchange-traded funds (ETFs) for skilled traders.
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, it will result in a extra financially resilient surroundings the place Bitcoin can lastly turn out to be a sovereign asset.
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