The Japanese government responded to senators regarding the proposal for Bitcoin reserves, stating that it has not yet grasped the relevant trends in the United States and other countries. Although some lawmakers suggested following the U.S. by converting part of the foreign exchange reserves into crypto assets, the government believes that discussions in other countries are still ongoing, making it difficult to make a clear statement.

According to the legal framework, crypto assets are not considered foreign exchange, and the current goal of foreign exchange reserves is to maintain market stability. The government emphasizes that ensuring the safety and liquidity of foreign exchange reserves is the top priority, while the volatility of Bitcoin is inconsistent with the current system. It seems that Japan still maintains a wait-and-see attitude towards crypto asset reserves.🔍📊