Satoshi Yamada asked the Japanese government whether it could "convert part of its foreign exchange reserves" into Bitcoin or another token.
A lawmaker in Japan’s legislature named Satoshi Yamada has introduced questions for the government on the status of national Bitcoin reserves globally.
In a question submitted to the country’s House of Councillors on Dec. 11, Yamada asked the Japanese government to consider “the status of understanding the movement to introduce Bitcoin reserves in the United States and other countries.”
The lawmaker’s questions directly cited attempts by US government officials and crypto proponents to introduce a strategic Bitcoin (BTC) reserve in the country, claiming that such a move could add a “tremendous amount of power” to the markets.
