A Taiwanese lawmaker has formally proposed using part of the island’s foreign exchange reserves to buy bitcoin. Taiwan currently holds about $602 billion in FX reserves, with more than 80% reportedly denominated in U.S. dollar assets. Supporters of the idea argue that such concentration creates both currency exposure and a potential vulnerability if geopolitical tensions were to disrupt access to those holdings.
Proposal Delivered to Top Economic Officials
On April 29, 2026, legislator Ko Ju-Chun presented a Bitcoin Policy Institute (BPI) report on bitcoin reserves during a formal legislative questioning session. The document was handed directly to Premier Cho Jung-tai and central bank governor Yang Chin-long. Written by Jacob Langenkamp and published in March 2026, the report argues that bitcoin could serve as a reserve asset alongside gold and foreign currencies.
The initial allocation discussed in the proposal is roughly $2.5 billion in bitcoin, representing less than 0.5% of Taiwan’s total FX reserves. While modest relative to the overall reserve base, the move would be symbolically significant and could mark a first step toward broader reserve diversification.
Bitcoin Framed as a Geopolitical Hedge
Backers of the proposal point to bitcoin’s fixed supply, decentralized structure, and resistance to seizure as reasons it may have strategic value in Taiwan’s particular security environment. The BPI report suggests that, unlike assets tied to traditional financial rails, bitcoin cannot be frozen by a foreign government in the same way and is not dependent on a single sovereign issuer.
In Taiwan’s case, the argument goes beyond portfolio theory. It is also about access and resilience under stress scenarios. Advocates say a limited bitcoin allocation could complement existing reserves by reducing overreliance on dollar-based assets.
No Decision Yet, but the Debate Has Advanced
No formal policy decision has been announced. Still, the initiative places Taiwan alongside other jurisdictions now debating official bitcoin reserves. The report references reserve-related discussions in several U.S. states, while Brazil has also seen renewed legislative interest in adding bitcoin to national reserves.
What makes the Taiwan case notable is the procedural step taken: the proposal was not merely floated in public debate but entered the formal legislative record through direct submission to the officials most responsible for monetary and reserve policy. Whether or not Taipei ultimately acts on it, bitcoin reserve policy is now part of the conversation.