Taiwan plans to inventory the authorities’ Bitcoin holdings and assess BTC reserves by the end of the year

PANews reported on November 13 that according to Blocktempo, Taiwan’s Legislative Yuan’s General Finance Inquiry, Executive Yuan Zhuo Rongtai promised to complete an inventory report on the total amount of Bitcoin held by Taiwanese agencies before the end of the year, and jointly proposed a Bitcoin reserve assessment report with Central Bank President Yang Jinlong, including Bitcoin in the policy discussion schedule for the first time. Legislator Ge Rujun pointed out that a large number of crypto-assets seized by judicial authorities should be temporarily held, and suggested that Bitcoin be included in strategic reserves.

In addition, in response to the slow progress of the "Virtual Asset Management Regulations" (VASP Special Law), the Financial Supervisory Commission emphasized that stable currency regulations involve monetary sovereignty and need to improve the framework before progress. Legislators called on the authorities to accelerate the promotion of virtual asset regulations and industry development to avoid missing out on the dividends of global crypto finance.

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