Japanese lawmaker ‘Satoshi’ questions gov’t plans for Bitcoin reserve
Summary
Satoshi Yamada, a lawmaker in Japan, has questioned the government about the status of national Bitcoin reserves globally. He inquired about the U.S. and other countries' movements to introduce Bitcoin reserves, suggesting that such a strategy could enhance market power. Yamada proposed that Japan consider converting part of its foreign exchange reserves into cryptocurrencies like Bitcoin. This inquiry follows increased advocacy for a strategic Bitcoin reserve in the U.S. after recent elections, with similar calls emerging in Brazil. Yamada has actively engaged with U.S. crypto initiatives on social media, highlighting the potential benefits for Japan's economy, which has seen a decline in GDP ranking.
