India urged to explore Bitcoin as strategic reserve amidst global digital asset shift – Cryptocurrency News

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A prominent voice within India’s ruling Bharatiya Janata Party (BJP) has urged the nation to seriously consider integrating Bitcoin into its strategic financial reserves.

Pradeep Bhandari, a national spokesperson for the BJP, highlighted that India stands at a pivotal juncture where a “measured bitcoin strategy” could significantly bolster its economic resilience and project an image of modern financial foresight on the global stage.

The call comes as other nations and regions are increasingly acknowledging Bitcoin’s potential. Bhandari points to the United States’ established Strategic Bitcoin Reserve and similar initiatives being pursued by states like Texas, signaling a growing institutional recognition of Bitcoin’s role in public financial planning.

Bhutan is cited as a successful model, leveraging its hydropower resources to mine Bitcoin since 2021. This strategic move has allowed the Himalayan nation to accumulate a substantial Bitcoin reserve, effectively offsetting declines in tourism revenue and supporting crucial public services.

Bhandari suggests that India could draw inspiration from Bhutan’s approach, provided that robust and clear policy and regulatory guidance for cryptocurrencies are put in place. He emphasised that India’s current crypto policy, which imposes taxes but lacks comprehensive regulation, needs urgent clarity to unlock Bitcoin’s full potential for the nation.



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