news 
Japan has ruled out the possibility of holding Bitcoin reserves in its foreign exchange assets, citing concerns over volatility and legal issues.
According to a recent announcement, the Japanese government has opted not to include Bitcoin or any other cryptocurrency in its foreign exchange reserves. This decision was made due to the high level of volatility associated with Bitcoin and its lack of legal compatibility with existing regulatory frameworks.
In a statement released by the government, it was emphasized that Bitcoin does not meet the reserve standards set by the country’s financial authorities. These standards prioritize safety, liquidity, and stability, which Bitcoin lacks due to its notorious price fluctuations.
It is worth noting that Japan’s decision contrasts sharply with ongoing discussions in the United States regarding the possibility of holding Bitcoin reserves. The debate has sparked intense controversy among policymakers, with some advocating for the adoption of cryptocurrencies as a means of diversifying national reserves, while others have expressed serious reservations about the risks involved.
In Japan, officials have chosen to prioritize financial stability and liquidity over the potential benefits of holding Bitcoin or other cryptocurrencies in its foreign exchange assets.
Source: cryptonewsland.com
