$BTC The impact of this discussion recently in New Delhi, supported by Pradeep Bhandari, spokesperson for the Bharatiya Janata Party (the ruling party in India). This comes in the context of economic updating and geopolitical repositioning in a rapidly changing digital world.
Bhandari points out that the United States and Bhutan have taken similar steps in adopting Bitcoin as reserve assets, indicating a shift in global finance towards cryptocurrencies. He emphasized that India, with its growing infrastructure in renewable energy, is well-positioned to create a sovereign Bitcoin strategy.
Although India imposes a 30% tax on cryptocurrency transactions, the overall regulatory framework for cryptocurrencies remains unclear. Bhandari calls for regulatory clarity, believing that creating a strategic reserve of Bitcoin could enhance India's economic resilience and give it a modern image in the global financial landscape.
This move by India represents a calculated step towards recognizing the legitimacy of digital assets, not a reckless shift. It comes at a time when global powers are racing to adopt cryptocurrency strategies, placing India in a unique position to lead in this domain😌😌.
