Taiwan lawmaker calls for Bitcoin reserve at national conference

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Taiwan is an export-oriented economyKo highlighted that Taiwan is an export-driven economy that has experienced significant fluctuations in its national currency, the New Taiwan dollar, amid global inflation and intensifying geopolitical risks.“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,” the lawmaker stated.

In a scenario of more intense currency volatility or potential regional conflicts, Taiwan may “very likely be unable to ensure the security and liquidity,” Ko continued, adding that Bitcoin could be a great new addition to Taiwan’s reserves due to a number of reasons.

Source: Ko Ju-Chun“When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,” Ko said, adding:“As former Dean Chen Chong said, Bitcoin is the gun of the digital era.

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Article Details

Author / Journalist: Cointelegraph by Helen Partz

Category: Crypto

Markets: United StatesChinaEl SalvadorTaiwan

Topics: Reserve Government Global Adding Ju-chun Taiwan Taiwanese National Reserves Legislator Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 12:45:38 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28513402

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