The Taiwan Central Bank has officially rejected the inclusion of Bitcoin in its $600 billion foreign exchange reserves, citing concerns over volatility, low liquidity, and operational risks. In a report to the Legislative Yuan, the bank emphasized the stability of the dollar system and highlighted the reliability issues associated with Bitcoin during financial crises. Despite the exploration of Bitcoin by countries like the U.S. and Czech Republic, Taiwan's central bank remains cautious. The report also suggested that stablecoins, particularly those backed by the dollar, could be considered for cross-border payments, but recent Bitcoin ETF approvals in major markets have not influenced the bank's position.