This proposal raises questions about financial innovation and diversification in Taiwan, aiming to enhance the country's financial resilience.
Proposal for Reserve Allocation
Taiwanese lawmaker Ko Ju-Chun has proposed allocating up to 5% of the country's $50 billion reserves to Bitcoin. This proposal was made during a national conference held on May 7, 2025.
Goals and Potential Impacts
The initiative aims to enhance financial resilience and modernize Taiwan's financial systems, seeking to reduce reliance on the US dollar. According to Ko Ju-Chun, "We overly rely solely on the so-called US dollar. We lack financial resilience... We should truly implement financial diversification. Even Bitcoin should be taken into consideration."
Reactions and Prospects
The proposal may increase awareness and positively influence cryptocurrency policy in Taiwan. Potential legislative discussions on cryptocurrency integration may lead to more innovative financial strategies for the country.
The proposal to allocate part of the reserves to Bitcoin raises important questions about the future of Taiwan's financial strategies and the potential for improved economic outcomes.
