India’s dominant Bharatiya Janata Party (BJP) seniors are asking the country to consider integrating Bitcoin into Bitcoin’s official strategy.
On July 26, BJP spokesman Pradeep Bhandari encouraged Indian policymakers to adopt a measured approach to Bitcoin, suggesting that even small pilot programs can strengthen India’s economic resilience and allow the country to line up with emerging global trends.
According to him:
“India is at a pivotal point. The measured Bitcoin strategy (probably a reserve pilot) has been able to enhance economic resilience and project modernity.”
Politicians highlighted the growing popularity of Bitcoin, particularly following the US move to establish strategic preparations.
Bhandari also pointed to neighbouring Bhutan as an example of how the country can leverage its domestic resources and engage in digital assets. Bhutan uses renewable energy capacity for bitcoin mining, increasing its crypto holdings without purchasing directly.
According to Bhandari, India was able to follow a similar model and reduce its dependence on foreign markets while enhancing its financial independence.
He wrote:
“India has renewable energy capabilities and full-scale capabilities to adapt this model, but scale and regulations pose clear challenges. Bhutan’s success suggests that digital assets can stabilize the economy.
With this in mind, Bhandhari stressed that India does not need to rush to fully recruit and can launch a managed pilot programme. This allows policymakers to study the impact of assets while demonstrating a modern, advanced approach to global finance.
Calling for cryptographic regulations
Beyond the preliminary strategy, Bhandari highlighted the need for India to develop a comprehensive cryptocurrency framework.
Currently, India taxes digital assets, but there is no clear law governing use and integration in the broader financial system.
According to Bhandari, the regulatory gap puts India at a disadvantage compared to countries such as the US, Russia, Brazil and China, and is already working to develop national-level crypto policies.
He argued that regulations should evolve with innovation rather than lag behind it. A well-defined framework will not only protect investors, but will solidify Bitcoin’s position within India’s future economic roadmap, he said.
Bhandari also pointed out that the International Monetary Fund’s recent Bitcoin Bitcoin has been classified as a capital asset, arguing that this global perception reflects the need for India to act decisively and strategically.
