Japan has fallen drastically behind in the crypto landscape, holding just 1-2% of global Bitcoin reserves and daily trading volumes below 1,000 BTC. The strict regulatory environment hinders its potential growth in the crypto markets.
Norway has significantly boosted its Bitcoin exposure by 83% in Q2 2025, currently holding over 11,600 BTC indirectly through investments in crypto firms. Meanwhile, Kazakhstan’s sovereign wealth fund aims to convert a portion of its assets into crypto to enhance returns.
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