{"id":128914,"date":"2025-05-09T12:17:26","date_gmt":"2025-05-09T12:17:26","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128914"},"modified":"2025-05-09T12:17:26","modified_gmt":"2025-05-09T12:17:26","slug":"taiwan-lawmaker-calls-for-bitcoin-reserve-at-national-conference","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128914","title":{"rendered":"Taiwan lawmaker calls for Bitcoin reserve at national conference"},"content":{"rendered":"

Source: Cointelegraph.com NewsTaiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.
\nKo, a legislator at-large in Taiwan\u2019s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9.
\nIn his remarks, Ko cited Bitcoin\u2019s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience.
\nSource: Ko Ju-ChunKo\u2019s announcement came shortly after the legislator held talks with Samson Mow, who advocates for Bitcoin adoption by states like El Salvador at his BTC tech firm Jan3.
\nTaiwan is an export-oriented economy
\nKo highlighted that Taiwan is an export-driven economy that has experienced significant fluctuations in its national currency, the New Taiwan dollar, amid global inflation and intensifying geopolitical risks.
\n\u201cWe currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,\u201d the lawmaker stated.
\nIn a scenario of more intense currency volatility or potential regional conflicts, Taiwan may \u201cvery likely be unable to ensure the security and liquidity,\u201d Ko continued, adding that Bitcoin could be a great addition to Taiwan\u2019s reserves for several reasons.
\nKo Ju-Chun advocated for the adoption of Bitcoin by the Taiwanese government before the Legislative Yuan. Source: Ko Ju-Chun\u201cBitcoin has been operating for over 15 years. It has a fixed total supply, is decentralized, and is resistant to censorship. Many countries are focusing on its hedging attributes. At the same time, in intense situations, it may not face the risk of embargo,\u201d he said.
\nBitcoin is not the only solution
\nReferring to many global initiatives considering Bitcoin adoption as a reserve asset, Ko stressed that he\u2019s not advocating for Bitcoin as the \u201conly solution\u201d to rising economic challenges.
\nInstead, the legislator suggested adding a \u201csmall proportion of Bitcoin\u201d into the diversified assets as tools for sovereign asset allocation and risk hedging, and backup capacity of Taiwan\u2019s financial system.
\nRelated: Trump tricked into pushing XRP for crypto reserve: Report
\nHe previously suggested that Taiwan could allocate a maximum of 5% of its $50 billion reserve to Bitcoin in an X post on May 6.
\nSource: Ko Ju-Chun\u201cWhen exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,\u201d Ko said, adding:
\n\u201cAs former Dean Chen Chong said, Bitcoin is the gun of the digital era. It may also be the gold of the digital era, the silver of the digital era. Or it could be gunpowder. A wise nation will not let weapons be in others\u2019 hands.\u201d
\nThe news comes as Taiwan is emerging as a crypto-friendly jurisdiction, with the Financial Supervisory Commission pushing institutional trials of crypto custody services in late 2024.
\nMainland China continues to maintain its hostile stance on cryptocurrency after imposing a ban on multiple crypto activities, including mining, in 2021.
\nMagazine: Adam Back says Bitcoin price cycle \u201910x bigger\u2019 but will still decisively break above $100KRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsTaiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128914"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128914"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128914\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128914"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}