The Japanese government rejected the proposal by Senator Satoshi Hamada to include Bitcoin in the country's foreign currency reserves, citing the volatility of cryptocurrencies and a lack of understanding of international trends 🌐

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On December 20, the Japanese government rejected the proposal by Senator Satoshi Hamada to include Bitcoin in the country's foreign currency reserves. In a statement by Prime Minister Ishiba Shigeru, it was noted that due to the volatility of cryptocurrencies and a lack of understanding of international trends, Japan does not intend to use Bitcoin in its reserves. The importance of asset stability and liquidity for effective reserve management was also emphasized. Meanwhile, financial experts suggested considering the creation of cryptocurrency ETFs in the future.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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