Legislator Ge Rujun closely monitors the progress of the Virtual Assets Act Central Bank Bitcoin not yet considered as foreign exchange reserve

On October 15th, the Legislative Yuan held a plenary session and invited Premier Su Tseng-chang to attend and respond to questions regarding the government’s policy report. During the questioning, Legislator Ke Ju-jun emphasized that virtual currency and financial technology have become important trends in the global financial market and urged the government to accelerate the promotion of related policies. He raised the question of whether Bitcoin or other digital assets should be considered for inclusion in foreign exchange reserves. In response, Central Bank Governor Yang Chin-long stated, “After careful study, Bitcoin will not be included in foreign exchange assets for now.” At the same time, Chairman of the Financial Supervisory Commission, Peng Chun-lung, stated that the draft of the Virtual Asset Act is expected to be proposed by the end of this year and submitted to the Legislative Yuan for review in June next year.