Bitcoin

Japanese Lawmaker Proposes National Bitcoin Reserve

A Japanese lawmaker has asked the government to create a national Bitcoin reserve, following similar calls by lawmakers in Argentina and Russia. Satoshi Hamada, an MP from the Party to Protect the People from NHK, made the proposal. Hamada presented a written request to the Japanese government regarding the creation of a reserve for cryptocurrencies. The lawmaker pointed out similar plans have been proposed in Brazil and the United States, where Treasury officials could hold Bitcoin (BTC) as a strategic reserve. The lawmaker asked the government to consider converting part of its foreign exchange reserves into cryptocurrencies like BTC.

Hamada pointed out that BTC is less susceptible to the influence of countries and institutions, and its neutrality and decentralized nature allow it to support economic activity without relying on a specific currency. The government will present Hamada with a written response, which is also likely to be published on its website.

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