According to PANews, both the Japanese and Russian governments have ruled out plans to establish national Bitcoin reserves, saying they will wait and see how other countries develop before making a decision.
Japanese Prime Minister Shigeru Ishiba said that Japanese law does not allow the holding of crypto assets and that Bitcoin's high volatility is incompatible with the existing foreign exchange reserve system.
Russian Finance Minister Siluanov said that the price of Bitcoin is growing rapidly, but its unpredictability makes the country unwilling to take the related risks.
At the same time, countries such as the United States and Brazil are actively exploring the possibility of Bitcoin as a national reserve asset.
