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Japanese Prime Minister Shigeru Ishiba made striking statements about the strategic Bitcoin reserve. Prime Minister Ishiba has fueled a new debate.

According to a report by Japan’s local media outlet CoinPost on December 26, Japanese Prime Minister Ishiba said that it is difficult to express an opinion on the implementation of the strategic Bitcoin reserve. The Prime Minister stated that he does not have enough information about the moves of the US and other countries to accept the Bitcoin reserve.

How does Japan approach the Bitcoin reserve?

Japanese Prime Minister Shigeru Ishiba commented, “It is difficult for the government to express its views.”

People’s Protection Party Councilor Satoshi Hamada responded to Prime Minister Ishiba by saying that Japan should follow the US. Hamada said the following:

Hamada said the following: “I think Japan should follow the US example and consider converting some of its foreign exchange reserves into crypto assets such as Bitcoin.”

Prime Minister Ishiba, on the other hand, stated that crypto assets are not considered as foreign exchange.

Strike founder and CEO Jack Mallers believes that Donald Trump will introduce legislation that would designate Bitcoin as a US reserve asset on his first day in office. On the other hand, Brazilian Congressman Eros Biodini has proposed a bill to establish a federal Bitcoin reserve in Brazil.

While countries’ Bitcoin moves are drawing attention, eyes have turned to Japan, a major economic power in Asia. Discussions about Bitcoin are expected to flare up in the future.

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