Taiwan Authorities Discuss Creation of a National Bitcoin Reserve
The Premier of the Republic of China (Taiwan), Zhuo Rongtai, promised that a report on the confiscated bitcoins will be released by the end of the year, after which the authorities will decide the future of these cryptoassets.
The government intends to study the risks and benefits of including bitcoins in the state asset reserve and will prepare legislative amendments over the next six months.
A member of Taiwan’s parliament, the Legislative Yuan, Ge Rujun, proposed that the government leave everything unchanged, without making a decision to either sell the assets or include them in the national reserve.
Another legislator, Ko Ju-Chun, supported the prime minister, calling bitcoin an effective tool for reducing financial risks amid global economic uncertainty.
Taiwan’s interest in bitcoin began to grow in the spring, when U.S. President Donald Trump signed an executive order establishing an American strategic cryptocurrency reserve.
According to Joe Burnett, head of marketing research at Unchained, this marked the first step toward integrating bitcoin into the global financial system, where cryptocurrency could become one of the pillars of a stable monetary framework.
Last year, the Taiwan Financial Supervisory Commission (FSC) tightened the requirements for registering crypto services, warning that illegal crypto operations could lead to up to two years of imprisonment or a substantial fine.
See also: "In a month, Solana processes more transactions than Ethereum has in its entire history"
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