🌐 Japan and Russia Currently Do Not Consider Establishing National Bitcoin Reserves

Recently, new developments at the international level show that both Japan and Russia have stated that they currently have no plans to establish national Bitcoin reserves. The two countries have chosen a strategy of continued observation, intending to assess the subsequent actions of other countries, especially the United States.

In Japan, a member of parliament suggested that the government should learn from the United States and consider starting to reserve Bitcoin. However, Prime Minister Shigeru Ishiba's office responded that they are not yet clear on the specific developments in the United States and other countries and regions, so it is difficult to make a statement at this time. Moreover, Japan's current laws do not allow the government to hold cryptocurrencies. Shigeru Ishiba has previously maintained a cautious attitude towards cryptocurrencies, indicating that the Japanese government remains quite conservative in this regard.

In Russia, Finance Minister Anton Siluanov also stated that although Bitcoin has risen rapidly this year, its unpredictability makes the country hesitant to take risks. He emphasized that the state will not bear such financial risks and prefers to earn less but remain cautious.

Meanwhile, countries like the United States and Brazil are actively exploring the possibility of using Bitcoin as a national reserve asset. It seems that the global attitude toward cryptocurrencies is becoming increasingly polarized.

🗣 Conclusion:

Although Japan and Russia currently have no plans to establish national Bitcoin reserves, they are not completely closed off to the cryptocurrency sector. Since 2017, Japan has officially recognized cryptocurrencies as legal payment methods and has established a dedicated regulatory body to ensure the healthy development of the market. Russia has also granted legal status to cryptocurrency mining, and Russian enterprises have begun using Bitcoin and other digital currencies in international payments.

These measures indicate that although both countries maintain a cautious stance on national Bitcoin reserves, they have already recognized and integrated into the development trend of cryptocurrencies in other aspects. This strategy may be due to considerations of the high volatility of the cryptocurrency market and regulatory uncertainties, as well as a desire to make more prudent decisions after observing the policy effects of other countries.

In summary, despite Japan and Russia's current inaction, the competitive trend of cryptocurrencies on a global scale has just begun, and we shall wait and see!