The government of Taipei is weighing a diversification of its $602 billion reserves and has ordered a review of the bitcoin holdings seized by authorities.
Taiwan’s Legislative Yuan has urged the executive branch to assess its bitcoin holdings and evaluate the inclusion of the asset in the nation’s strategic reserves. The goal is to reduce dependence on the U.S. dollar, which currently accounts for over 90% of the island’s reserve assets.
Prime Minister Cho Jung-tai has accepted the parliamentary request and pledged to deliver a detailed report by the end of 2025. The decision comes as more governments and financial institutions around the world explore diversification toward bitcoin and other digital assets.
During a Legislative Yuan session on November 11, Kuomintang lawmaker Ju-Chun Ko expressed concern over Taiwan’s heavy exposure to the U.S. dollar. According to data from the Central Bank of the Republic of China (Taiwan), updated to September 2025, the country’s foreign exchange reserves stand at $602.94 billion.
Ko warned that having more than 90% of these assets in U.S. dollars exposes Taiwan to risks stemming from currency fluctuations and U.S. monetary policy. He noted that a potential dollar depreciation or appreciation of the New Taiwan dollar could erode the purchasing power of reserves and threaten the nation’s economic stability.
The lawmaker also called for an immediate audit of all bitcoins held by the government, including those seized in legal proceedings. In 2024, Taiwanese prosecutors confiscated roughly $146 million in digital assets as part of a fraud case.
Ko suggested that the seized bitcoins should not be liquidated quickly, but rather held for potential future strategic use. Prime Minister Cho Jung-tai acknowledged that, while the U.S. dollar remains the dominant currency in international settlements, the government is open to evaluating emerging digital assets. Central Bank Governor Yang Chin-long committed to providing an updated report on the country’s bitcoin reserve strategy by the end of 2025.
