Ko Ju-Chun, member of the legislative legislator of the Yuan party list and a legislator from the Kuomintang Party List (KMT), urges a Bitcoin Strategic Reserve in Taiwan for “national security”, highlighting other possible advantages of the implementation of a strategic reserve for Bitcoin.
Ko Ju-Chun, a Taiwanese legislator focused on technology, Shared a post X Note that Bitcoin and other decentralized assets could offer strategic financial tools from Taiwan to strengthen its economic resilience.
He warned that the state may risk late if he doesn't act quickly.
Ko exhorts the Bold BTC allowance in Taiwan
Ko stressed that Bitcoin and other decentralized assets could offer strategic financial tools in Taiwan to strengthen its economic resilience. Its remarks reflect an increasing dynamic among regional legislators who consider the adoption of cryptography as a key to national innovation and security.
A few hours ago, New Hampshire became the first American state to allow its government to invest in cryptocurrencies, including Bitcoin, after Governor Kelly Ayotte signed a bill adopted by the Legislative Assembly.
Ko suggested that Taiwan could Follow the step and allocate up to 5% of its $50 billion reserve BTC.
Global Momentum built for strategic bitcoin reserves
Although it is difficult to predict with certainty if nations like Taiwan would specifically adopt Bitcoin reserves in the same way as Trump, the concept of use of cryptocurrencies as strategic reserves becomes more and more popular worldwide.
Several countries consider the potential advantages of bitcoin as a reserve ratio, such as improving economic resilience and coverage against the devaluation of money. On the other hand, practical factors such as cybersecurity problems and market volatility for digital assets are always taken into account.
Meanwhile, according to reports, some scenarios suggest that Taiwan could establish a Bitcoin strategic reserve. Examples of these scenarios include the discovery that Taiwan actively investigated blockchain technology and digital currency initiatives, although it has deserved the risks of cryptocurrency.
Furthermore, since Taiwan is a recognized republic of China, an additional scenario appeared when the Grayscale asset director declared in a report that Trump's pro-scriptto position could change the strict anti-scripture regulations of China, which is a critical obstacle for the overall adoption of Bitcoin gently.
Grayscale has revealed that China is the key country to monitor in this context, adding that if the country decided to facilitate its regulation of cryptocurrencies, this could be a huge catalyst for adoption on a global scale.
In March, President Trump ordered his administration to establish a Bitcoin strategic reserve to at least have assets with government assemblies.
Following this, Graycale underlined that the regulations of the Chinese government allowed the possession of digital assets but prohibited most of the activities related to cryptocurrency, in particular trade and mining. However, Grayscale claims that within the framework of the “only country, two systems”, the authorities had allowed the growth of the activities related to the cryptocurrency in Hong Kong.
Interestingly, local regulators could re-examine how cryptocurrencies are legally treated in the country. In February, the Supreme Court and other courts in China discussed how to manage digital assets in future cases, according to the report.
David Bailey speculates China could have his own plan for Bitcoin
In addition to the gray size, David Bailey predicted that China is acting to match the scalable position of the United States on Bitcoin. The BTC supporter, known for “Orange-Pilant” Trump, suggested on March 3 that China could develop its own plan in reaction to Trump's decree.
Bailey also said that, although there was no official confirmation, the nation would have organized private Bitcoin meetings since the US elections in 2024.
China can have assets comparable to those of the United States if it decides to implement a Bitcoin reserve strategy. According to the April 28 reports, the United States has 198,012 bitcoins worth around $ 18.3 billion, while China has 190,000 worth around $ 17.6 billion.
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