PANews reported on November 13th that, according to Blocktempo, during the Legislative Yuan's Finance Ministerial Interpellation, Premier Cho Jung-tai promised to complete an inventory report on the total amount of Bitcoin held by Taiwanese agencies by the end of the year, and to jointly submit a Bitcoin reserve assessment report with Central Bank Governor Yang Chin-long, marking the first time Bitcoin has been included in the policy discussion timeline. Legislator Ge Ru-jun pointed out that the large amount of crypto assets seized by judicial authorities should be held temporarily and suggested that Bitcoin be included in strategic reserves. Furthermore, regarding the slow progress of the Virtual Asset Management Act (VASP), the Financial Supervisory Commission emphasized that stablecoin regulations involve monetary sovereignty and require a well-developed framework before implementation. Legislators urged the authorities to accelerate the development of virtual asset regulations and industry development to avoid missing out on the global crypto-finance boom.PANews reported on November 13th that, according to Blocktempo, during the Legislative Yuan's Finance Ministerial Interpellation, Premier Cho Jung-tai promised to complete an inventory report on the total amount of Bitcoin held by Taiwanese agencies by the end of the year, and to jointly submit a Bitcoin reserve assessment report with Central Bank Governor Yang Chin-long, marking the first time Bitcoin has been included in the policy discussion timeline. Legislator Ge Ru-jun pointed out that the large amount of crypto assets seized by judicial authorities should be held temporarily and suggested that Bitcoin be included in strategic reserves. Furthermore, regarding the slow progress of the Virtual Asset Management Act (VASP), the Financial Supervisory Commission emphasized that stablecoin regulations involve monetary sovereignty and require a well-developed framework before implementation. Legislators urged the authorities to accelerate the development of virtual asset regulations and industry development to avoid missing out on the global crypto-finance boom.
Taiwan plans to conduct a review of its authorities' Bitcoin holdings and assess its BTC reserves by the end of the year.
PANews reported on November 13th that, according to Blocktempo, during the Legislative Yuan's Finance Ministerial Interpellation, Premier Cho Jung-tai promised to complete an inventory report on the total amount of Bitcoin held by Taiwanese agencies by the end of the year, and to jointly submit a Bitcoin reserve assessment report with Central Bank Governor Yang Chin-long, marking the first time Bitcoin has been included in the policy discussion timeline. Legislator Ge Ru-jun pointed out that the large amount of crypto assets seized by judicial authorities should be held temporarily and suggested that Bitcoin be included in strategic reserves.
Furthermore, regarding the slow progress of the Virtual Asset Management Act (VASP), the Financial Supervisory Commission emphasized that stablecoin regulations involve monetary sovereignty and require a well-developed framework before implementation. Legislators urged the authorities to accelerate the development of virtual asset regulations and industry development to avoid missing out on the global crypto-finance boom.
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