"Japan's Cautious Stance on Bitcoin Reserve Plan"

Japan's Prime Minister Shigeru Ishiba remained hesitant about evaluating Bitcoin as a national reserve asset. He stated that they do not have sufficient information while other countries, including the United States, are considering similar strategies. This situation brings important discussions about the future of cryptocurrencies.

UNCERTAINTY CONTINUES REGARDING BITCOIN RESERVES

Japan's Prime Minister Shigeru Ishiba displayed a cautious stance regarding the possibility of evaluating Bitcoin as a strategic reserve asset. While avoiding to take a clear position on the matter, he emphasized that they are trying to understand the approaches of the United States in this area.

During the discussions in Parliament, responding to a question raised by Member of Parliament Satoshi Hamada, Ishiba noted that uncertainties regarding the classification of cryptocurrencies as a currency continue. Hamada suggested converting a portion of the national currency reserves into cryptocurrencies like Bitcoin, following the lead of the United States.

While these developments are taking place, Jack Mallers, CEO of the American cryptocurrency company Strike, announced that Donald Trump could grant Bitcoin official reserve asset status during a potential presidential term. On the Brazilian front, Congressman Eros Biondini presented a legislative proposal for the establishment of a Sovereign Bitcoin Reserve in his country.

Ripple's CEO Brad Garlinghouse, in a statement made last September, predicted that there would be strong demand for a new Japanese yen stablecoin in Japan. Garlinghouse stated that despite the conservative nature of the Japanese market, significant progress has been made in cryptocurrency and stablecoin regulations.