Taiwanese Legislator Dr. Ko Urges Bitcoin Reserve Allocation From Taiwan’s $602 Billion FX Holdings

On April 29, Ko Ju-Chun asked Premier Cho Jung-tai to consider Bitcoin for part of Taiwan’s reserves and requested a central bank report on stablecoins and related assets within one month.

BTC

26d ago

Fact Check

All five sources consistently confirm every material element of the claim: (1) the actor is Dr. Ko Ju-Chun, a Taiwanese legislator; (2) the event occurred on April 29, 2026 during a Legislative Yuan interpellation session; (3) Ko addressed Premier Cho Jung-tai (and also Central Bank Governor Yang Chin-long); (4) he urged allocating part of Taiwan's $602 billion foreign exchange reserves to Bitcoin; and (5) he requested a central bank report on stablecoins and related digital assets within one month. The PRNewswire and Bitcoin Policy Institute press releases are the most authoritative sources, as the BPI is the originating organization of the report Ko delivered. WuBlockchain, BitcoinNews, and CoinPost provide independent corroboration. No conflicting evidence was found.

Summary

Taiwan lawmaker Ko Ju-Chun urged the government to consider allocating part of Taiwan’s $602 billion foreign exchange reserves to Bitcoin. On April 29, he submitted a Bitcoin reserve report to Premier Cho Jung-tai and asked the central bank to provide, within one month, a report on stablecoins and related assets. The proposal adds a new procedural step to Taiwan’s policy discussion over whether digital assets could play a role in reserve management.

Terms & Concepts

Foreign exchange reserves: Assets held by a central bank, usually in foreign currencies and government securities, to support monetary stability and external payments.
Bitcoin reserve: A policy approach in which a government or institution holds Bitcoin as part of its reserve assets alongside conventional holdings.
Stablecoins: Cryptocurrencies designed to maintain a relatively stable value, typically by being pegged to a fiat currency or backed by reserve assets.