India Considers Bitcoin Reserve Pilot, Urged by BJP Spokesperson – Coincu
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Key Points: Pradeep Bhandari advocates for an Indian Bitcoin reserve pilot. Proposal aims to enhance India’s economic resilience. No immediate government action or market shifts reported. India’s Bharatiya Janata Party spokesperson Pradeep Bhandari has urged the nation to pilot a Bitcoin reserve, highlighting a path towards economic resilience amid global advancements. The proposal underscores the potential strategic positioning of India within the digital asset sector, currently remaining as a policy suggestion without immediate government adoption. BJP’s Bitcoin Proposal: Strategic Economic Advancement Pradeep Bhandari, India’s BJP national spokesperson, has called for a Bitcoin reserve pilot, framing it as a strategic economic advancement. He emphasizes India’s potential to lead in digital assets amid global shifts. No official action has been confirmed by Indian authorities, and details remain at the suggestion stage. Bhandari, noting India’s economic potential, claims, “This isn’t a reckless pivot. It’s a calculated step toward embracing digital assets’ legitimacy.“ Strong>Reactions from the crypto community suggest a mixed response. While Bhandari’s proposal has garnered some support for potentially enhancing competitiveness, it remains a subject of debate given India’s current cautious regulatory stance. Bitcoin Market Insights and Potential Regulatory Changes Did you know? Bhutan’s state-led Bitcoin reserves reached over $1 billion by mid-2025, set as a model in Pradeep Bhandari’s proposal, showcasing innovative use of digital assets for public funding. Bitcoin (BTC), valued at $106,914.93 with a market cap of $2.13 trillion, holds a 65.1% market dominance. Recent price movements include a 26.7% increase over 90 days, despite a 0.49% decrease in the past 24 hours. Data from CoinMarketCap supports these figures, reflecting BTC’s market standing. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 00:50 UTC on June 27, 2025. Source: CoinMarketCap Coincu researchers highlight that India’s adoption of a Bitcoin reserve could instigate broader regulatory changes, potentially bolstering financial modernization. However, the…
Filed under: News - @ June 27, 2025 2:27 am