India's BJP Proposes National Bitcoin Reserve Pilot
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最新报道：India's ruling Bharatiya Janata Party (BJP) has proposed creating a national Bitcoin reserve as part of a pilot program to explore cryptocurrency adoption. The initiative, suggested by BJP leader Sushil Kumar Modi during a parliamentary committee meeting, would involve the Reserve Bank of India (RBI) holding Bitcoin as part of its foreign exchange reserves. The proposal comes as India continues to deliberate its cryptocurrency regulatory framework, having maintained a cautious stance despite the Supreme Court overturning RBI's banking ban on crypto businesses in 2020. Modi argued that establishing a sovereign digital asset reserve could position India competitively in the global crypto economy while mitigating risks through controlled institutional exposure. The pilot would initially involve acquiring Bitcoin worth approximately $1 billion, representing less than 0.5% of India's total forex reserves. The proposal has sparked debate among policymakers, with critics questioning Bitcoin's volatility and proponents highlighting its potential as an inflation hedge and technological investment.
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