Editor's PiCK
Taiwan Legislator Proposes Including Bitcoin (BTC) in National Reserves Alongside Gold and Foreign Exchange
Minseung Kang
Summary
- Taiwanese legislator Ko Ju-Chun has proposed including Bitcoin in the national reserves alongside gold and foreign exchange.
- He stated that Bitcoin has the characteristics of a hedge asset, which can enhance the resilience and adaptability of the financial system.
- The proposal could influence the Taiwanese government's policy direction on Bitcoin.
Taiwanese legislator Ko Ju-Chun has officially proposed that the government include Bitcoin (BTC) in the national reserves alongside gold and foreign exchange reserves.
According to the cryptocurrency-focused media outlet WuBlockchain on the 9th, legislator Ko Ju-Chun recently stated in a parliamentary speech, "Bitcoin has the characteristics of a hedge asset. Including it in the reserves can contribute to enhancing the resilience and adaptability of Taiwan's financial system."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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