According to TechFlow, on December 26, the Japanese government responded to Senator Satoshi Hamada's question about "the United States and other countries promoting Bitcoin reserves." Hamada suggested that Japan consider converting part of its foreign exchange reserves into Bitcoin.
The Japanese government said that it has not yet grasped the relevant trends in the United States and other countries, and believes that discussions on introducing Bitcoin reserves in other countries are still ongoing, making it difficult for the government to express its position.
According to the legal framework of special accounting operations, crypto assets are not considered foreign exchange, and current foreign exchange reserves are intended to maintain the stability of foreign currency assets and bond markets. The reply emphasizes the security and liquidity of foreign exchange reserves as the top priority, suggesting that the volatility of Bitcoin is not in line with the current system.
