Taiwan to conduct full inventory of government-held Bitcoin by year-end…considering inclusion as a reserve asset

The Taiwan government plans to officially ascertain the amount of Bitcoin (BTC) it holds and present an evaluation report on the possibility of including Bitcoin as a reserve asset within the year.

On the 13th, according to crypto asset (cryptocurrency) specialized media ODaily, Premier Zhuo Rongtai (卓榮泰) recently said in a comprehensive inquiry at the Legislative Yuan's Finance Committee, "By the end of the year, each government agency will be surveyed for the total amount of Bitcoin they hold and a report will be submitted." Premier Zhuo Rongtai and Yang Chin-long (楊金龍), Governor of Taiwan's Central Bank, also plan to jointly submit within the year a 'Bitcoin Reserve Asset Assessment Report' that examines whether Bitcoin can be included as a national strategic reserve asset.

Meanwhile, legislator Ge Rujun (葛如钧), who raised the question, argued, "Since Bitcoin has high long-term value, it should be considered for strategic holding rather than being sold immediately." He also urged the government to improve regulatory arrangements, saying that the handling of the 'Virtual Asset Administration Ordinance', a bill exclusively for virtual asset service providers (VASP), is being delayed.