Japan’s Prime Minister Shigeru Ishiba recently stated that the government does not yet have enough information to decide whether Bitcoin
“It is difficult for the government to express its views”, Ishiba said when questioned by Satoshi Hamada, a member of the House of Councilors from the Party to Protect the People from Nippon Hoso Kyokai (NHK).
Accoding to a report on December 26, Ishiba explained that Japan lacks a clear understanding of how other countries are approaching the idea of Bitcoin as part of their strategic reserves.
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Hamada suggested that Japan consider converting part of its foreign exchange reserves into Bitcoin, following examples set by other countries, like the United States.
Ishiba, however, pointed out that cryptocurrencies, including Bitcoin, are not currently classified as foreign exchange assets under Japan’s regulations.
While Japan takes a cautious approach, other nations are exploring ways to include Bitcoin in their reserves.
For instance, a member of the European Parliament is pushing back against the European Central Bank's (ECB) digital euro plans while urging the European Union (EU) to adopt a Bitcoin reserve. What is the reason behind this bold speech? Read the full story.
