币界网报道:India's ruling Bharatiya Janata Party (BJP) has proposed a pilot program to explore holding Bitcoin as part of the country's foreign exchange reserves, according to a policy document released by the party's youth wing. The proposal suggests allocating 1% of India's $600 billion forex reserves to Bitcoin as a hedge against currency depreciation and inflation. The document acknowledges Bitcoin's volatility but highlights its potential as a store of value and digital gold. This marks a significant shift from India's historically cautious stance toward cryptocurrencies, which included a 30% tax on crypto gains and a 1% TDS on transactions. The proposal comes as India prepares for general elections in 2024, with the BJP seeking to engage younger voters interested in digital assets. If implemented, India would join a small group of nations like El Salvador that hold Bitcoin as part of official reserves. The Reserve Bank of India has not yet commented on the proposal.