365Crypto
Taiwan’s government is preparing a report on its confiscated Bitcoin holdings. Officials are exploring the idea of a national Bitcoin reserve.
Premier Zhuo Rongtai told lawmakers the report will come before the end of the year. It will list pros and cons of creating a strategic Bitcoin reserve. The report could guide whether seized Bitcoin is held, sold, or added to a reserve.
Lawmakers have suggested allocating up to 5% of Taiwan’s $50 billion national reserve to Bitcoin. They see it as a hedge against global economic uncertainty.
Taiwan is also moving toward crypto-friendly regulations. The Financial Supervisory Commission recently launched a trial for crypto custody services for financial institutions, signaling growing institutional adoption.
(BTC: Bitcoin, a decentralized digital currency. Crypto custody: secure storage of digital assets.)
