The Japanese Government Rejects Bitcoin for National Reserves

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Coin-Turk 9 months ago 246

The Japanese government has officially rejected the proposal to include Bitcoin $95,515 in national reserves. The volatility of cryptocurrencies and their incompatibility with traditional currency frameworks significantly influenced this decision. Instead of integrating cryptocurrencies into the national economy, the government prefers to adhere to security and liquidity-focused policies.

Government: “Bitcoin is Not Suitable for Reserves”

In response to a question from Member of Parliament Hamada Satoshi, the government highlighted that cryptocurrencies like Bitcoin cannot be evaluated as reserve currencies. According to a news report by Coinpost on December 26, government officials pointed out the risks associated with the inherent volatility of these assets.

Hamada Satoshi criticized the government’s decision, stating, “I believe Japan should strategically include Bitcoin in its reserves, like the United States.” However, the gov...



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