{"id":45101,"date":"2025-06-26T19:00:13","date_gmt":"2025-06-26T16:00:13","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=45101"},"modified":"2025-06-26T16:34:27","modified_gmt":"2025-06-26T13:34:27","slug":"india-considers-bitcoin-reserve-pilot-amid-rising-global-adoption","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/india-considers-bitcoin-reserve-pilot-amid-rising-global-adoption\/","title":{"rendered":"India Considers Bitcoin Reserve Pilot Amid Rising Global Adoption"},"content":{"rendered":"<p data-start=\"71\" data-end=\"427\"><a href=\"https:\/\/coinengineer.net\/blog\/new-developments-for-indias-digital-rupee-by-the-central-bank\/\"><strong>India<\/strong><\/a>\u2019s ruling party, the <strong data-start=\"97\" data-end=\"129\">Bharatiya Janata Party (BJP)<\/strong>, has introduced a bold proposal to position the country at the forefront of digital finance. Pradeep Bhandari, the national spokesperson for BJP, called for the launch of a <strong data-start=\"303\" data-end=\"336\">Bitcoin reserve pilot program<\/strong>, arguing that it\u2019s time for India to take more concrete steps in embracing digital assets.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/india-considers-bitcoin-reserve-pilot-amid-rising-global-adoption\/#Bitcoin_as_a_Strategic_Asset_for_India\" title=\"Bitcoin as a Strategic Asset for India?\">Bitcoin as a Strategic Asset for India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/india-considers-bitcoin-reserve-pilot-amid-rising-global-adoption\/#Indias_Crypto_Dilemma_%E2%80%9CTaxed_but_Unregulated%E2%80%9D\" title=\"India\u2019s Crypto Dilemma: &#8220;Taxed but Unregulated&#8221;\">India\u2019s Crypto Dilemma: &#8220;Taxed but Unregulated&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/india-considers-bitcoin-reserve-pilot-amid-rising-global-adoption\/#G20_Leadership_Didnt_Translate_Into_Regulation\" title=\"G20 Leadership Didn\u2019t Translate Into Regulation\">G20 Leadership Didn\u2019t Translate Into Regulation<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"434\" data-end=\"477\"><span class=\"ez-toc-section\" id=\"Bitcoin_as_a_Strategic_Asset_for_India\"><\/span>Bitcoin as a Strategic Asset for India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"479\" data-end=\"841\">According to Bhandari, the growing interest in <strong data-start=\"526\" data-end=\"556\">sovereign Bitcoin reserves<\/strong> in countries like the United States and Bhutan indicates a shift in global financial strategies. He emphasized that India, with its expanding renewable energy infrastructure, is well-positioned to integrate <strong data-start=\"764\" data-end=\"775\">Bitcoin<\/strong> into its economic framework as a \u201ccalculated and strategic move.\u201d<\/p>\n<h3 data-start=\"848\" data-end=\"899\"><span class=\"ez-toc-section\" id=\"Indias_Crypto_Dilemma_%E2%80%9CTaxed_but_Unregulated%E2%80%9D\"><\/span>India\u2019s Crypto Dilemma: &#8220;Taxed but Unregulated&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"901\" data-end=\"1195\">While crypto is <strong data-start=\"917\" data-end=\"934\">heavily taxed<\/strong> in India, the regulatory landscape remains vague. Under current laws, gains from <strong data-start=\"1016\" data-end=\"1049\">Virtual Digital Assets (VDAs)<\/strong> are subject to a flat <strong data-start=\"1072\" data-end=\"1088\">30% tax rate<\/strong>. While acquisition costs can be deducted, there are no provisions for accounting losses or other expenses.<\/p>\n<p data-start=\"1197\" data-end=\"1355\">In addition, crypto transactions above approximately $115 are subject to a <strong data-start=\"1272\" data-end=\"1307\">1% Tax Deducted at Source (TDS)<\/strong>, collected either from the buyer or the seller.<\/p>\n<h3 data-start=\"1362\" data-end=\"1413\"><span class=\"ez-toc-section\" id=\"G20_Leadership_Didnt_Translate_Into_Regulation\"><\/span>G20 Leadership Didn\u2019t Translate Into Regulation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1415\" data-end=\"1776\">During its G20 presidency in 2023, India led efforts to establish a global crypto working group in collaboration with the <strong data-start=\"1537\" data-end=\"1574\">International Monetary Fund (IMF)<\/strong>. However, Bhandari pointed out that countries like <strong data-start=\"1626\" data-end=\"1651\">Russia, China, Brazil<\/strong>, and the <strong data-start=\"1661\" data-end=\"1678\">United States<\/strong> are pushing ahead with their own national crypto strategies without waiting for global consensus.<\/p>\n<p data-start=\"1778\" data-end=\"1981\">Notably, several U.S. states have already recognized Bitcoin as a reserve asset, and federal plans have been proposed for BTC purchases without burdening public budgets\u2014moves that India could learn from.<\/p>\n<hr \/>\n<p data-start=\"1778\" data-end=\"1981\"><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube,<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s ruling party, the Bharatiya Janata Party (BJP), has introduced a bold proposal to position the country at the forefront of digital finance. Pradeep Bhandari, the national spokesperson for BJP, called for the launch of a Bitcoin reserve pilot program, arguing that it\u2019s time for India to take more concrete steps in embracing digital assets.<\/p>\n","protected":false},"author":29,"featured_media":36681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[19279,9649,3487],"class_list":["post-45101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bharatiya-janata-party-bjp","tag-bitcoin-reserve","tag-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India Considers Bitcoin Reserve Pilot Amid Rising Global Adoption - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/india-considers-bitcoin-reserve-pilot-amid-rising-global-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India Considers Bitcoin Reserve Pilot Amid Rising Global Adoption - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"India\u2019s ruling party, the Bharatiya Janata Party (BJP), has introduced a bold proposal to position the country at the forefront of digital finance. 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