According to PANews, both the Japanese and Russian governments have ruled out plans to establish a national Bitcoin reserve, stating they will wait to see the developments in other countries before deciding.
Japanese Prime Minister Kishida stated that Japanese law does not allow for the holding of crypto assets, and Bitcoin's high volatility is incompatible with the existing foreign exchange reserve system.
The Russian Finance Minister Siluanov stated that the rapid increase in Bitcoin prices, but its unpredictability makes the country unwilling to take on the associated risks.
Meanwhile, countries like the United States and Brazil are actively exploring the possibility of Bitcoin as a national reserve asset.
