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Taiwan lawmaker calls on state to go crypto or get left behind
By: cryptosheadlines|2025/05/08 00:00:06
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Ko Ju-chun, a member of the Legislative Yuan and a Kuomintang (KMT) party-list legislator, urges a strategic Bitcoin reserve in Taiwan for “National security,” highlighting other possible advantages of setting up a strategic reserve for Bitcoin.Ko Ju-Chun, a Taiwanese tech-focused legislator, shared an X post emphasizing that Bitcoin and other decentralized assets could offer Taiwan strategic financial tools to strengthen its economic resilience.He cautioned that the state could risk falling behind if it does not act promptly.Ko urges bold BTC allocation in Taiwan Ko emphasized that Bitcoin and other decentralized assets could offer Taiwan strategic financial tools to strengthen its economic resilience. His remarks reflect growing momentum among regional lawmakers who view crypto adoption as key to national innovation and security.A few hours ago, New Hampshire became the first US state to allow its government to invest in cryptocurrencies, including Bitcoin, after Governor Kelly Ayotte signed a bill passed by the legislature.Ko suggested Taiwan could follow suit and allocate up to 5% of its $50 billion reserve to BTC. Global momentum builds for strategic Bitcoin reserves Although it is hard to predict with certainty whether nations like Taiwan would specifically adopt Bitcoin reserves in the same way that Trump has, the concept of using cryptocurrencies as strategic reserves is becoming increasingly popular worldwide. Several countries are considering the potential advantages of Bitcoin as a reserve asset, such as improved economic resilience and a hedge against currency devaluation. On the other hand, practical factors such as cybersecurity issues and market volatility for digital assets are still considered.Meanwhile, according to reports, some scenarios suggest Taiwan might establish a strategic Bitcoin reserve. Examples of these scenarios include the discovery that Taiwan was actively investigating blockchain technology and digital currency initiatives, although it had been wary of cryptocurrency risks.Furthermore, given that Taiwan is a recognized Republic of China, an additional scenario emerged when asset manager Grayscale said in a report that Trump’s pro-crypto stance could change China’s strict anti-crypto regulations, which is a critical hurdle for smooth global Bitcoin adoption.Grayscale revealed that China is the key country to watch for in this context, adding that if the country were to decide to ease its cryptocurrency regulations, that could be a huge catalyst for adoption globally.In March, President Trump ordered his administration to establish a Strategic Bitcoin Reserve to at least hold government-seized assets. Following this, Grayscale highlighted that Chinese government regulations allowed the possession of digital assets but prohibited most cryptocurrency-related activities, including trading and mining. However, Grayscale asserts that under the “one country, two systems” framework, authorities had permitted the growth of cryptocurrency-related activities in Hong Kong.Interestingly, local regulators might be reexamining how cryptocurrencies are treated legally in the nation. In February, the Supreme Court and other courts in China discussed how to handle digital assets in future cases, according to the report.David Bailey speculates China may have its own plan for Bitcoin In addition to Grayscale, David Bailey predicted that China would act to match the United States’ evolving stance on Bitcoin. The BTC supporter, known for “orange-pilling” Trump, hinted on March 3 that China may be coming up with its own plan in reaction to Trump’s executive order.Bailey further stated that, although there had been no official confirmation, the nation had allegedly hosted private meetings on Bitcoin since the US elections in 2024.China may have holdings comparable to those of the US if it decides to implement a Bitcoin reserve strategy. According to reports on April 28, the United States holds 198,012 Bitcoins worth approximately $18.3 billion, while China has 190,000 worth approximately $17.6 billion.Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register NowSource link
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