Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts

Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts
фото показано с : cryptoslate.com

2024-12-15 00:47

Japanese lawmaker Satoshi Hamada has called on the government to explore the possibility of integrating Bitcoin (BTC) into its foreign exchange reserves, emphasizing its potential as a strategic asset amid growing global interest in crypto adoption.

During a Dec. 11 parliamentary session, Yamada posed questions about Japan’s approach to crypto reserves. He pointed to efforts in the US and Brazil, where policymakers have considered Bitcoin reserves as a hedge against economic risks.

He reportedly asked:

“Should Japan also introduce a system to convert part of its foreign exchange reserves into crypto assets such as Bitcoin?”

Hamada further noted the significant power such a move could hold in global markets. The inquiry coincides with Bitcoin reaching a milestone price of over $100,000, reflecting its growing acceptance and value.

According to CryptoSlate data, Bitcoin was trading at $101,351 as of press time on Dec. 13.

Hamada’s comments come as Japan faces economic challenges. Recently, it has fallen behind Germany as the fourth-largest economy globally. Advocates argue that adopting a Bitcoin reserve could enhance Japan’s financial flexibility and demonstrate leadership in the digital asset space.

The initiative mirrors international developments, such as discussions in the US following the election of a crypto-friendly administration and policy proposals in Brazil. Russian lawmakers have also proposed the strategic use of Bitcoin in government reserves.

While the Japanese government has not yet responded to the proposal, the lawmaker’s remarks highlight a growing recognition of cryptocurrencies’ potential to influence national economic strategies.

Bitcoin’s continued surge past $100,000 adds weight to the argument for its inclusion in sovereign financial planning.

The post Japanese lawmaker urges consideration of Bitcoin reserve in light of US efforts appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 103941.9 (-0.04%)
Объем 24H $76.813b
Изменеия 24h: -2.43 %, 7d: 6.40 %
Cегодня L: $103409.38 - H: $106640.42
Капитализация $2057.808b Rank 1
Цена в час новости $ 103366.16 (0.56%)

bitcoin japanese lawmaker emphasizing potential exchange foreign

Источник: cryptoslate.com

bitcoin japanese → Результатов: 126


Фото:

190 Firms Interested in Launching Operations in the Japanese Cryptocurrency Market

Japan’s Financial Services Agency (FSA) has reportedly revealed that 190 firms have shown an interest in becoming operators in the Japanese cryptocurrency market, which makes it a slight increment from the number of companies that had expressed their intention earlier in  August, according to a report by Finance Magnates on December 28, 2018.

2018-12-29 11:00


Фото:

Japanese IT Giant GMO Quits Selling Crypto Mining Equipment after Market Slump

Per a report published on December 25, 2018, Japanese internet giant GMO has decided to call off their business of manufacturing and selling cryptocurrency mining machines. Market Slump to Blame for Declining Profits According to the report, GMO’s in-house mining business profitability took a major beating due to the declining cryptocurrency prices.

2018-12-28 09:00


Фото:

Japan’s Second Largest Bank to Launch its Own Cryptocurrency in March 2019

According to a report published by Finance Magnets, on December 26, 2018, Japan-based company Mizuho Financial Group is primed to launch its yen-pegged cryptocurrency in March 2019. Mizuho’s Stablecoin to Be Launched in March 2019 The cryptocurrency being introduced by Mizuho will have parity with the Japanese yen and can be used to make and receive payments through a mobile.

2018-12-28 06:00


Crypto exchange VCTRADE implements Bitcoin (BTC), Ethereum (ETH) and XRP (XRP) deposits

VCTRADE, a crypto exchange launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and XRP (XRP) deposits, Cointelegraph reported. The exchange, which was launched for pre-registered users in June and for public in July, is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained […]

2018-12-24 13:44


Фото:

Japanese Financial Regulator Classify Cryptocurrencies as “Crypto-Assets” to Ward off Consumer Misunderstanding

Japan’s financial regulator has established a classification for cryptocurrencies that are traded online like money, this according to a report from The Japan News on December 15, 2018.   Avoiding Confusion According to the article, the nation’s Financial Services Agency (FSA) has decided to position bitcoin and other cryptocurrencies under the category of “crypto-assets.

2018-12-18 03:00


Фото:

Former Mt. Gox CEO Could Face 10 Years in Jail Over Embezzlement

Japanese prosecutors are seeking a 10-year jail term for Mark Karpeles, the former CEO of Mt. Gox. The embattled Frenchman, who has been previously accused of diverting company money for prostitutes, business acquisitions and luxury items, is facing charges of transferring $3 million of client funds to his own account for investment in a software […] The post Former Mt.

2018-12-13 23:15


Фото:

Less than 2% of “Suspicious Transaction” Reports in Japan Are Linked to Cryptocurrencies

Between January and October, Japanese police had received 5,944 reports with regard to nefarious and illicit activities tied to cryptocurrencies according to local media, December 6, 2018. Report Details According to multiple Japanese news outlets, National Police Agency (NPA) officials have said that the figure is eight times that of the April to December 2017 reports (669).

2018-12-7 06:00


Фото:

Japanese Tea Products Can Get Verified Proof of Origin on VeChain

Blockchain project VeChain announced that it is working closely with the Fuji MARUMO Tea Garden, one of the historic tea businesses in Japan to prove traceability of tea products. The blockchain network uses an advanced IoT and traceability solution which will enable Fuji MARUMO’s customers to verify the origins of their tea products by using a […] Japanese Tea Products Can Get Verified Proof of Origin on VeChain was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-12-6 19:29


South Korea Is Trialing Blockchain Voting — Here’s What That Means

South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the country’s National Election Commission (NEC) and its Ministry of Science and ICT, the distributed ledger system is based on IBM’s Hyperledger Fabric and will be used to authenticate voters and save voting results in real time.

2018-12-4 21:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin recovers $100k price level as expectations of Fed rate cut rise

Bitcoin (BTC) briefly surpassed the $101,000 threshold after a 3% surge in the hours following November’s Consumer Price Index (CPI) numbers, which came within the 2.7% expectations. The rally has fueled investor confidence, with a 98% probability now assigned to a 25 basis point rate cut by the Federal Reserve next week, potentially bringing the US […] The post Bitcoin recovers $100k price level as expectations of Fed rate cut rise appeared first on CryptoSlate.

Pantera sees over 1000x growth in Bitcoin fund, foresees $15T market cap within 10 years

Pantera Capital reported an extraordinary milestone for its Bitcoin Fund, which has grown more than 1,000x since its launch in 2013, according to a report shared with CryptoSlate. The fund’s performance reflects Bitcoin’s (BTC) surging value, now exceeding $90,000 per coin, with a projected long-term trajectory suggesting continued upward momentum.

Bitcoin registers new all-time high inches away from $94,000

Bitcoin (BTC) reached a new all-time high of $93,970. 91 on Nov. 19, roughly $500 above its previous price peak less than a week ago. BTC rose 3% over the past 24 hours. According to CryptoSlate data, Solana (SOL) closely followed Bitcoin’s performance, with a 2.