A prominent Indian political figure has advocated for the nation to consider establishing a Bitcoin (BTC) reserve pilot initiative while also laying the groundwork for a comprehensive regulatory framework pertaining to cryptocurrency assets, aiming to enhance economic structure and foster innovation in the financial sector.
Official Advocates for Bitcoin Reserve Strategy
Recently, a notable spokesperson from India’s ruling party encouraged the government to actively investigate a Bitcoin reserve strategy, believing it could bolster the nation’s economic growth and underscore its commitment to technological advances.
In an article for a leading news outlet, this spokesperson lauded efforts in the United States to create a Strategic Bitcoin Reserve, which seeks options that neither strain budgets nor compromise taxpayer funding.
He pointed to the influx of legislation across various US states aimed at formalizing their own crypto reserves. States like Texas are now legally permitted to utilize public funds to accumulate Bitcoin as part of their financial assets, while recent developments in Arizona reflect similar innovation through updated property laws that recognize cryptocurrencies.
Additionally, Bhutan’s pioneering approach to cryptocurrency mining, backed by renewable energy, illustrated a viable model for regional economies. This small nation’s strategy had reportedly netted a significant $1 billion in Bitcoin reserves by mid-2025.
The spokesperson opined that observing these global initiatives provides a critical lens for India to contemplate the integration of Bitcoin into its financial framework, proposing that such a transition could diversify and strengthen the nation’s economic reserves amidst unpredictable international markets.
Drawing parallels with Bhutan, he suggested that India’s substantial renewable energy resources could be harnessed innovatively to stabilize its economy through digital assets, prompting important dialogues about potential benefits.
The Need for Regulatory Reform in Crypto
According to the official, the growing recognition of Bitcoin’s utility reflects a pivotal moment for Indian policymakers. He framed these advancements not merely as impulsive reactions, but as calculated, strategic decisions to mainstream digital assets.
Advocating for a well-defined Bitcoin reserve pilot, he emphasized that India is positioned to spearhead global developments in cryptocurrency regulation and project an image of modern financial innovation.
However, he underscored the necessity for clearer regulations, as the current landscape remains muddled. While the nation levies taxes on crypto assets, comprehensive regulations are still lacking, impeding the sector’s growth.
Highlighting India’s recent leadership role in a cryptocurrency working group at the International Monetary Fund (IMF), he stressed the urgency for Indian authorities to match the proactive regulatory pace seen in the US and other regions, rather than waiting for a broader consensus.
Establishing transparent regulations can bridge the gap between innovation and oversight, fostering a safer environment for investors in this lucrative yet volatile market.
He concluded with a call for immediate action, asserting that robust regulation is fundamental to instill institutional trust and build a conducive framework for Bitcoin within India’s overall economic strategy.
