{"id":33995,"date":"2025-06-27T08:16:35","date_gmt":"2025-06-27T08:16:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33995"},"modified":"2025-06-27T08:16:35","modified_gmt":"2025-06-27T08:16:35","slug":"an-opening-for-india-bjps-national-spokesperson-calls-for-strategic-bitcoin-reserve-pilot","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33995","title":{"rendered":"\u2018An Opening For India\u2019: BJP\u2019s National Spokesperson Calls For Strategic Bitcoin Reserve Pilot"},"content":{"rendered":"
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The national spokesperson for India\u2019s ruling party has suggested that the country should explore a Bitcoin (BTC) reserve pilot and proactively work on a regulatory framework for crypto assets to lead the growing industry and strengthen its economy.<\/p>\n

Politician Pushes For Bitcoin Reserve Pilot<\/h2>\n

On Thursday, Pradeep Bhandari, the national spokesperson of the Bharatiya Janata Party (BJP), urged the Indian government to explore a Bitcoin strategy to strengthen the country\u2019s economy and project innovation.<\/p>\n

In an article<\/a> for India Today, Bhandari praised the US efforts to establish a Strategic Bitcoin Reserve, exploring budget-neutral options to expand its holdings without using taxpayers\u2019 money.<\/p>\n

He highlighted the US states\u2019 race to pass<\/a> crypto legislation and establish reserves. Notably, three states have already passed bills that allow the creation of a BTC reserve, with some, such as Texas, enabling the use of public funds to purchase and hold Bitcoin as a reserve asset.<\/p>\n

Similarly, Arizona recently passed a bill that updated the state\u2019s unclaimed property laws to include Bitcoin and other cryptocurrencies, technically creating Arizona\u2019s first crypto reserve.<\/p>\n

He also noted<\/a> Bhutan\u2019s crypto strategy, mining BTC using hydropower since 2021, offering a regional perspective. Notably, the South Asian country amassed a $1 billion Bitcoin reserve by May 2025.<\/p>\n

BJP\u2019s national spokesperson considers that the US shift and Bhutan\u2019s strategy invite reflection about how BTC, thoughtfully integrated, could enhance India\u2019s economic toolkit. \u201cFor India, observing this offers a lens to assess whether Bitcoin could diversify our reserves, complementing traditional holdings in an uncertain global economy,\u201d the article reads.<\/p>\n

Meanwhile, he suggested that the country, with its renewable energy capacity, could adapt Bhutan\u2019s successful model, which shows that \u201cdigital assets can stabilise economies, a point worth considering.\u201d<\/p>\n

Crypto Regulatory Reform: A Must<\/h2>\n

According to Bhandari, these measures \u201creflect a growing recognition of Bitcoin\u2019s potential to bolster fiscal resilience and serve as a hedge in uncertain economic conditions,\u201d adding that these efforts aren\u2019t a \u201creckless pivot,\u201d but a \u201ccalculated step\u201d toward embracing the legitimacy of digital assets.<\/p>\n

Therefore, India stands<\/a> at \u201ca pivotal juncture,\u201d having the opportunity to lead global markets with a \u201cmeasured Bitcoin strategy,\u201d like a reserve pilot, to \u201cstrengthen economic resilience and project modernity.\u201d<\/p>\n

Nonetheless, he explained that regulation in the country remains pivotal as India\u2019s crypto policy needs clarity to unlock the industry\u2019s potential. Notably, authorities tax<\/a> crypto assets, but the sector remains highly unregulated.<\/p>\n

BJP\u2019s national spokesperson pointed out that in 2023, India chaired a crypto working group with the International Monetary Fund (IMF) to shape global standards. However, he considers it necessary to \u201crace ahead\u201d like the US and other jurisdictions, instead of pausing for consensus.<\/p>\n

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Clear regulation could bring both transparency and the required oversight to this emerging asset class\u2014enabling responsible innovation while protecting a rising investor class.<\/p>\n<\/blockquote>\n

He concluded that regulation is essential for \u201cfostering institutional confidence and building a framework where Bitcoin can play a meaningful role in India\u2019s macroeconomic strategy.\u201d<\/p>\n

\"Bitcoin,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The national spokesperson for India\u2019s ruling party has suggested that the country should explore a Bitcoin (BTC) reserve pilot and proactively work on a regulatory framework for crypto assets to lead the growing industry and strengthen its economy. Politician Pushes For Bitcoin Reserve Pilot On Thursday, Pradeep Bhandari, the national spokesperson of the Bharatiya Janata […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33995","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33995"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33995\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}