Japanese Lawmaker Considers Bitcoin Reserve for Economic Stability

Quick Summary:

In a recent parliamentary session, Satoshi Yamada, a Japanese lawmaker, proposed that Japan explore the possibility of including Bitcoin (BTC) in its foreign exchange reserves.

Citing examples from the U.S.and Brazil, Yamada argued that Bitcoin’s increasing role as a hedge against economic risks warrants serious consideration by the Japanese government.

As Bitcoin gains wider adoption, its liquidity and global recognition strengthen its appeal as a reserve asset.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaBrazilJapan

Topics: JAPAN Crypto News Bitcoin Reserve for Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-14 @ 14:18:35 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 514 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24407233

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 19 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 17 hours ago

Coverage Areas: India

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