Taiwan Moves Closer to Bitcoin Adoption
Taiwan is taking significant steps towards embracing Bitcoin, with Premier Cho Jung-tai and Central Bank Governor Yang Chin-long expressing support for studying Bitcoin as a strategic reserve asset. This development is a result of the efforts of tech legislator Ko Ju-chun, who has been pushing for the integration of Bitcoin into Taiwan’s sovereign asset and regulatory strategy.
Commitments and Next Steps
The commitments made by the Premier and the Central Bank Governor include studying Bitcoin as a strategic reserve, drafting pro-Bitcoin regulations, and piloting treasury exposure using government-seized coins. These commitments were made during an interpellation at the Legislative Yuan’s Finance Committee on November 11, 2025. The next steps will involve an inventory and year-end audit of all Bitcoin confiscated by Taiwan’s judicial authorities, as well as the development of a regulatory calendar.
Regulatory Framework
The Financial Supervisory Commission (FSC) has been working on a Draft Act that would require Virtual Asset Service Provider (VASP) approvals, allow certain financial institutions to run concurrent virtual-asset businesses, and set licensing and internal-control baselines. This draft act is expected to be the vehicle for any Bitcoin-treasury and custody standards that may emerge from the pilot.
Strategic Reserves
Ko Ju-chun has argued that Bitcoin should be treated as a strategic reserve, citing its potential to reduce Taiwan’s dependence on US dollar assets and mitigate the impact of NT$ appreciation on domestic institutions. He has also emphasized the potential benefits of Bitcoin’s declining volatility, liquidity, and seizure-resistance in extreme scenarios.
Seized-Bitcoin Pilot
The seized-Bitcoin pilot is a key component of Taiwan’s Bitcoin strategy. The pilot will involve the inventory and management of confiscated Bitcoin, with the goal of using it as a controlled treasury pilot. This will allow the government to test the feasibility of holding Bitcoin as a strategic reserve and develop the necessary infrastructure and regulations.
Bitcoin Price
At the time of writing, the price of Bitcoin was $103,674. The price of Bitcoin has been volatile in recent months, but it remains a popular investment option for many investors.
Conclusion
In conclusion, Taiwan is making significant progress towards embracing Bitcoin, with the government committing to study its potential as a strategic reserve and develop a regulatory framework. The seized-Bitcoin pilot is a key component of this strategy, and it will be interesting to see how it develops in the coming months. As the price of Bitcoin continues to fluctuate, it is clear that it will remain a major player in the world of cryptocurrency for the foreseeable future.
