According to ChainCatcher news, as reported by Coinpost, the Japanese government made an official response to inquiries by Senator Akira Hamada regarding 'the promotion of Bitcoin reserves by the United States and other countries'. Akira Hamada previously suggested on December 11 that 'Japan should follow the example of the United States and other countries and consider converting part of its foreign exchange reserves into Bitcoin and other cryptographic assets.'
In response, the Japanese government stated that it has not yet fully grasped the relevant trends of the United States and other countries and believes that discussions in other countries about introducing Bitcoin reserves are still ongoing, making it difficult for the government to take a specific position. According to the legal framework of special accounting operations, 'cryptographic assets do not belong to foreign exchange', and the current foreign exchange reserves aim to maintain the stability of foreign currency assets and the foreign currency bond market.
The response repeatedly emphasizes that the special accounting operations will prioritize ensuring the safety and liquidity of foreign exchange reserves, suggesting that the volatility of cryptocurrencies such as Bitcoin is not compatible with the current system.
