Japan has officially rejected Bitcoin as a reserve asset. The decision, made by Japan’s prime minister Shigeru Ishiba, highlights the ongoing debate surrounding the legitimacy and stability of cryptocurrencies in traditional financial systems. As we reported earlier, Satoshi Hamada, a Japanese lawmaker, made a proposal requesting the government to establish a national Bitcoin reserve. He also highlighted similar development projects in nations like Brazil and the United States, indicating a worldwide change in opinions and use of cryptocurrency.