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The Blockchain Bulletin, Dec 27: Japan Rejects Plans to Set Bitcoin Reserve
As reported earlier today, the Japanese government has officially rejected plans to set a bitcoin reserve. This move comes as no surprise, considering the country’s stance on digital assets.
According to sources close to the matter, Japan’s economic policymakers have expressed concerns over the volatility of cryptocurrencies, citing risks that may compromise their monetary policy and financial stability. In light of this development, it appears that the government is sticking to its guns in relation to the cryptocurrency space.
It must be noted that Japan is known for its risk aversion when it comes to cryptocurrency investments. This decision should not come as a shock given the country’s cautious approach to digital assets.
Source: cryptotale.org
