Following in the footsteps of US President Donald Trump, many governments are planning to adopt a Strategic Bitcoin Reserve. Now, Japan is in the spotlight due to its crypto-friendly stance, despite previously rejecting a similar reserve proposal.
Adding more momentum, Bitcoin maximalist Samson Mow has drawn the Japanese government’s attention to the significance of embracing a Bitcoin reserve.
Samson Mow Urges Japan to Adopt a Bitcoin Reserve
In a recent meeting with Japanese House of Councillors member Satoshi Hamada, Bitcoin enthusiast Samson Mow underscored the need to adopt a Bitcoin reserve. In an X thread posted earlier today, Samson Mow revealed his meeting with the Upper House of the Japanese Diet member Hamada.
As per the X post, the meeting focused on discussing the emergency of a financial transformation via Bitcoin. Mow stated,
We had a great discussion on the importance of Bitcoin, why the government’s focus should be on Bitcoin only, and the economic benefits a Bitcoin strategy would bring to Japan.
This Bitcoin reserve development comes following Japan’s recent crypto initiatives. Earlier this month, the Financial Services Agency of Japan revealed plans to classify crypto assets into two categories, based on the distribution of funds.
Will Japan Adopt a Crypto Reserve?
The Japanese government has been taking a cautious approach to cryptocurrencies. Despite increasing demand for a Bitcoin reserve influenced by Trump’s pro-crypto move, Japan decided to hold back.
In December 2024, crypto enthusiasts, including Satoshi Hamada, raised the need for a BTC reserve. However, the government refused to move forward due to several reasons, including crypto’s volatile nature and security threats.
However, Samson Mow’s recent meeting and Japan’s crypto-friendly regulatory steps, such as classifying digital assets as financial products, have sparked optimism about the country’s potential adoption of a BTC reserve.
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