India’s Ruling Party Demands Bold Move: Bitcoin Reserve Pilot & Crypto Regulation Overhaul

India's political heavyweights are making power plays in crypto—and traditional finance won't like what comes next.

The Bitcoin Reserve Gambit

A senior ruling party spokesperson just dropped a bombshell: pushing for a sovereign Bitcoin reserve pilot program. No more tiptoeing around digital assets—this is full-throttle institutional adoption.

Regulation Revolution

Behind closed doors, lawmakers are drafting sweeping crypto reforms. Think clearer taxation, exchange protections, and—if rumors are true—potential CBDC integration. Because nothing terrifies legacy banks like governments playing their game better.

The Bottom Line

While Wall Street hedgies still argue over 'digital tulips,' India's loading the cannons for a crypto moonshot. Just don't expect the old-money elites to applaud when their monopoly slips away.

Calls for crypto regulation

Beyond the reserve strategy, Bhandari emphasized the need for India to develop a comprehensive crypto regulatory framework.

While India currently taxes digital assets, it lacks clear laws governing their use and integration into the broader financial system.

According to Bhandari, this regulatory gap places India at a disadvantage compared to countries like the United States, Russia, Brazil, and China, which have already made progress in crafting national-level crypto policies.

He argued that regulation should evolve alongside innovation, not lag behind it. A well-defined framework, he said, would not only protect investors but also solidify Bitcoin’s position within India’s future economic roadmap.

Bhandari also pointed to the International Monetary Fund’s recent classification of Bitcoin as a capital asset, arguing that this global recognition reflects the need for India to act decisively and strategically.