Pradeep Bhandari, spokesperson for India’s ruling Bharatiya Janata Party (BJP), has urged the government to consider launching a pilot program to hold Bitcoin in national reserves.
Bhandari said the move could enhance India’s economic resilience and align it with global trends, referencing the U.S. Bitcoin reserve strategy and Bhutan’s mining model as examples.
“A measured Bitcoin strategy—perhaps a reserve pilot—could strengthen economic resilience and project modernity,” he stated.
He emphasized that India, with its vast renewable energy resources, could adapt Bhutan’s mining approach without relying on foreign markets.
Bhandari concluded that India should not rush, but begin with a controlled, regulated pilot to assess the potential of digital assets in its fiscal framework.
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Source: https://coindoo.com/indian-ruling-party-proposes-bitcoin-reserve-pilot/