Taiwan Lawmaker Calls for Bitcoin Reserve Audit Year-End
Taiwan lawmaker Ko Ju-chun has urged a comprehensive bitcoin reserve audit. He called on the Executive Yuan and Central Bank of Taiwan (CBC) to inventory existing holdings and deliver a bitcoin reserve assessment report by year-end. This follows a March CBC analysis that viewed bitcoin negatively as a reserve asset. Ko highlighted that several US states have adopted bitcoin in strategic reserves and warned that Taiwan’s heavy reliance on US Treasury bonds poses risks if the dollar weakens. He also suggested tallying government-confiscated bitcoins as potential reserve assets. Premier Chang Rong-tai and CBC Governor Yang Chin-long pledged to submit the updated report before year-end. Ko further pressed for faster passage of the Virtual Asset Services Act, noting a five-month legislative delay has left the crypto sector in regulatory uncertainty. Regulators affirmed that subsidiary rules, including stablecoin oversight, are being drafted in parallel.
Bullish
Ko Ju-chun’s push for a formal bitcoin reserve audit and the government’s pledge to report by year-end signal growing institutional recognition of bitcoin. Similar moves in US states have historically bolstered market confidence and driven demand. In the short term, the announcement may trigger positive sentiment as traders anticipate potential reserve purchases. Over the long term, formal reserve inclusion and clearer regulatory frameworks will likely attract institutional investors, enhance market stability, and support sustained price appreciation. Overall, these developments create a bullish outlook for bitcoin.