The Japanese government responded to a question from Senator Hamada Satoshi on December 20, 2024 about whether Japan should keep some Bitcoin in the form of its foreign exchange reserves.
This question arose amid increasing public debate in the United States and other countries over consideration of including Bitcoin and other cryptos in national financial planning.
Senator Hamada, who represents the Party to Protect the People from NHK, suggested that Japan could take a similar approach to other countries such as the US and use part of its foreign reserves in cryptocurrencies such as Bitcoin. According to him, this move will give Japan an advantage over other global economies as the digital asset market is changing rapidly.
However, the Japanese government reacted cautiously. The government acknowledged that while there is a discussion about Bitcoin reserves abroad, they…
