Japan Encouraged to Follow US Lead on Bitcoin Reserves
Japan is the latest country to face calls to explore the feasibility of establishing a Bitcoin Strategic Reserve (SBR).
The proposal comes amid growing global interest in Bitcoin reserves, especially following Donald Trump’s victory in the US election.
Japan urges exploration of Bitcoin reserves and DOGE potential
On December 11, Japanese Diet members Cong Yamada Submitted Raise formal questions to Japanese government, stress need for analysis Global Initiative Focused on Bitcoin Reserves. He highlighted how adopting the initiative would strengthen Japan’s financial markets and strengthen its economic position.
Yamada also raised the possibility of converting some of Japan’s foreign exchange reserves into cryptocurrencies such as Bitcoin, and asked about the government’s stance on the matter.
“I think this issue should be considered, and I would like to hear the government’s opinion. Should Japan also introduce a system to convert part of its foreign exchange reserves into crypto assets such as Bitcoin?” question.
Global efforts to build Bitcoin reserves have accelerated over the past month During his campaign, Trump promised to create a national Bitcoin reserve.
After his election, including Pennsylvania and Texas has introduced legislation Build a Bitcoin strategic reserve. Dennis Porter, CEO of the Satoshi Action Fund, said at least ten states are actively drafting similar bills and expect more to be introduced soon.
“President Trump better have his ‘Strategic Bitcoin Reserve’ executive order ready on day one. Otherwise, states are already poised to win. Pennsylvania and Texas are in the lead. At least 10 in total States will introduce SBR bills and there may be more,” Porter said. point out.
In addition to Bitcoin reserves, Yamada has also expressed interest in newly formed companies U.S. Department of Government Effectiveness (DOGE).
“I think this is a policy that Japan should pay attention to,” he point out.
The department was created under Trump’s “Save America Campaign” to streamline federal functions, cut government spending and improve operational efficiency. Tech billionaire Elon Musk and biotech innovator Vivek Ramaswamy Appointed leader dog
Since taking office, both leaders have outlined strategies to transform government operations, focusing on reducing bureaucracy and increasing economic freedoms. Yamada said Japan could draw inspiration from the initiative as it evaluates policies to boost economic growth and improve government efficiency.
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