Global #Japan

A growing number of nations are considering the establishment of national Bitcoin reserves, and Japan may soon join this trend.

A prominent member of Japan's House of Councillors, Hamada, has once again submitted a proposal advocating for the inclusion of Bitcoin in the nation's financial strategy.

Metaplanet Inc. (Tokyo: 3350) has made significant strides in its Bitcoin-focused strategy by entering into a definitive agreement to launch Bitcoin Magazine Japan in partnership with Bitcoin Magazine.

Bitbank, one of Japan's leading cryptocurrency exchanges, has announced the launch of a new subsidiary called Bitbank Ventures, which will focus on investing in overseas blockchain and cryptocurrency projects.

Japan's banking sector is gearing up for a significant transformation, with XRP emerging as a potential mainstream currency.

Despite global markets embracing crypto exchange-traded funds (ETFs), Japan remains cautious. The country, once seen as a crypto pioneer, has faced regulatory hurdles, primarily due to the scars of past scandals like Mt. Gox.