The Japanese government has responded to a proposal suggesting the promotion of Bitcoin as a reserve asset by stating that it does not know about such trends in other countries, and plans for a Bitcoin reserve are still in discussion. It clarified that cryptographic assets do not fall under the category of foreign exchange and that the focus of foreign exchange reserves is on maintaining stability in the foreign currency bond market. The government views the volatility of cryptocurrencies as incompatible with the existing system and remains cautious about adopting such assets. Several countries, including El Salvador, are considering creating a Bitcoin reserve due to inflation and debt concerns.



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