Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The Japanese government formally responds to the proposal to establish a Bitcoin reserve: It is still in the discussion stage

The Japanese government formally responds to the proposal to establish a Bitcoin reserve: It is still in the discussion stage

Bitget2024/12/26 03:46

The Japanese government recently formally responded to a proposal by Senator Satoshi Hamada regarding "the trend of countries such as the United States promoting Bitcoin as a reserve asset". In the response, the Japanese government stated that it has not yet fully grasped the relevant trends in countries like the United States, and mentioned that discussions about introducing Bitcoin as a reserve asset are still ongoing. As for specific situations, it is difficult for the Japanese government to comment.

In addition, based on the legal framework of special account operations, the Japanese government pointed out that "cryptocurrency assets do not belong to categories such as foreign exchange", and explained that current foreign exchange reserves mainly aim at stabilizing priced assets and foreign currency bond markets. The response repeatedly emphasized prioritizing security and liquidity of foreign exchange reserves in special account operations. It can be seen from this that due to high price volatility including Bitcoin among other cryptocurrencies does not match with existing systems. The document once again shows that against an international backdrop where discussions about incorporating cryptocurrency into national reserve strategies continue to advance, Japan's government maintains a cautious stance.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!