TechFlow, June 26 — According to Cointelegraph, BJP spokesperson Pradeep Bhandari recently published an article in India Today calling on India to consider launching a pilot program for a bitcoin reserve. Bhandari stated that the U.S. strategic bitcoin reserve and Bhutan's state-led mining operations indicate a global financial shift toward cryptocurrencies. He pointed out that India currently imposes a high 30% tax on crypto assets but has yet to establish a regulatory framework, placing it in an awkward "taxation without regulation" position. Bhandari believes India, with its expanding renewable energy infrastructure, is well-positioned to formulate a sovereign bitcoin strategy, which would be a strategic move to enhance economic resilience and showcase a modernized image.
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