Japanese Government: Maintaining a Cautious Stance on the Discussion of Including Crypto Assets in National Reserve Strategy

Foresight News reports, according to Coinpost, the Japanese government responded to inquiries from Senator Satoshi Hamada regarding understanding the dynamics of Bitcoin reserves driven by the United States and other countries. The response was issued in the name of Prime Minister Shigeru Ishiba, clarifying the government's stance on the possibility of using crypto assets as reserves. The response stated, 'The safety and liquidity of foreign exchange reserves are of utmost importance in special account management. This indicates that the government believes the volatility of cryptocurrencies, including Bitcoin, is inconsistent with the current system. The Japanese government maintains a cautious stance when discussing the inclusion of crypto assets in the national reserve strategy both domestically and internationally.'