Friends, if one day Japan also lists Bitcoin as a national reserve asset, what do you think? But when a legislator proposed to follow the U.S., Prime Minister Shinzo Abe's response was somewhat disappointing: 'Insufficient information, difficult to express a stance.'
Why is Japan's attitude towards Bitcoin reserves conservative?
On December 11, Japanese Senator Akira Hamada proposed in Congress that the government should follow the U.S. and convert part of its foreign exchange reserves into Bitcoin. He believes that cryptocurrencies have long-term growth potential as a tool against inflation. However, Prime Minister Shinzo Abe responded on December 26, stating that Japan has limited understanding of other countries' relevant movements, and since current laws do not recognize crypto assets as foreign exchange assets, the government's stance is relatively conservative.
Shinzo Abe particularly emphasized that Japan's foreign exchange policy prioritizes 'stability' and 'security', which is the core reason why Bitcoin's inclusion in national reserves is difficult to advance.
Countries' attitudes: from conservative to aggressive, who is leading the trend?
In contrast to Japan's conservatism, discussions about Bitcoin strategic reserves are heating up in the United States. Although Federal Reserve Chairman Powell has clearly stated that the Fed cannot hold Bitcoin, rumors suggest that Trump may push this matter through executive orders after taking office. Meanwhile, Brazil has also taken a bold step, planning to gradually increase its Bitcoin holdings in national reserves, with a maximum proportion of up to 5%.
This 'international competition' surrounding Bitcoin reserves has quietly begun, and whether Japan will choose to join remains an open question.
Another possibility for Japan: the rise of stablecoins
Although Japan's attitude towards Bitcoin reserves is cautious, the regulatory framework for cryptocurrencies is relatively clear. Ripple CEO Brad Garlinghouse once stated that a yen stablecoin could become a popular choice in the market. Perhaps Japan is exploring a different path to allow the market to develop healthily.
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Conclusion: The future of Bitcoin reserves, who will be the next leader?
Whether Bitcoin can become part of national strategy varies by country. Whether it's Japan's caution or Brazil's aggressiveness, this transformation is quietly changing the future of the crypto market. And you, are you ready to seize the opportunities brought by this trend? Follow me for the latest updates in the crypto space every day! 🌟
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The above content is for informational sharing only and does not constitute any investment advice!
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