PANews December 26 news, according to Coinpost reports, the Japanese government recently responded to Senator Hamada Satoshi's inquiry about understanding the dynamics of Bitcoin reserves promoted by the United States and other countries. The response was issued in the name of Prime Minister Shiohisa, clarifying the government's position on using crypto assets as reserves.
The Japanese government stated that it currently does not understand the Bitcoin reserve plans of these countries, as these plans are still in discussion, making it 'difficult for the government to express a position.' Additionally, under the legal framework, crypto assets do not fall under the category of foreign exchange, and foreign exchange reserves are intended to stabilize foreign currency assets and bond markets. The response emphasized multiple times that the primary goal of foreign exchange reserve management is to ensure safety and liquidity, indicating an awareness that the volatility of crypto assets (such as Bitcoin) is inconsistent with the current system.
Shiohisa's response indicates that as discussions progress regarding the inclusion of crypto assets into national reserve strategies both domestically and internationally, the Japanese government remains cautious.
