Lawmaker Satoshi Hamada proposes following the example of initiatives by the USA, Russia, and Brazil in adopting Bitcoin as a strategic reserve.

Japan could join the growing number of nations considering the establishment of a national Bitcoin reserve. The proposal comes from lawmaker Satoshi Hamada, who raised the issue on December 11 before the Japanese House of Councillors, suggesting the “conversion of part of the country’s foreign exchange reserves into cryptocurrencies such as Bitcoin.” Hamada highlighted how adopting Bitcoin could enhance Japan’s financial markets and strengthen its economic position.

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