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Should India follow the US and Establish a Bitcoin Reserve? Polygon, avail co-founders talk to gadgets 360

April 15, 2025
Should India follow the US and Establish a Bitcoin Reserve? Polygon, avail co-founders talk to gadgets 360
Should India follow the US and Establish a Bitcoin Reserve? Polygon, avail co-founders talk to gadgets 360

Us President Donald Trump Announced The Creation of Separate Reserves for Bitcoin and other cryptocurrency in the us last month, in a boost for the digital assets sector. The decision prompted Sweden and South Korea to Open Dialogue Around Considering Bitcoin as a Potential Reserved Asset. There’s currently no word on where the government of India is planning to establish a strategic crypto reserve. Gadgets 360 Discussed The Possibility of India’s Bitcoin Reserve With Polygon and Avail Co-Founders Sandeep Nailwal and Anurag Arjun.Pros and Cons of a strategic bitcoin reservepolygic bitcoin reservepolygon coo Said that us president donald trump has kickstarted a race to acquire bitcoin and other altcoins for long-term benefits to the us economy. He said that India, which is one of the fastest-freedom in the world, may regrate it conservative approach on Crypto if it fails to catch up with other Big ECONOMIES in a Timelie is long past the days when bitcoin was considered an expert or simply a haven for criminals. Amounts of money in btc and the broader altcoin market, indicating the Rising Adoption of the Asset Class, “Nailwal Told Gadgets 360.Abu Dhabi’s Investment Company, Mubadala and Norway’s Norway’s Norges Bank Investment Management (NBIM) Are Prominent Financial Firms that Have Begun to Deal with Bitcoin via Investments in Pro-Crypto Firms Like Microstrategy, Tesla, Tesla, Tesla, and BlackcroCoin Etfs. In India, Mumbai-based it training firm jetking has acqured bitcoin tokens worth Rs. 10 Crore. Outpacing global and regional peers. The IMF also Estimates India’s Growth to Remain Robust at 6.5 Percent for 2025 and 2026. Blockchain with its economy ecosystem, “Nailwal said.however, the polygon cooo also cautioned that the authorities need to Strengthen Tech Infrastructure, Cybersecutry, Cybersecutry Framework for Cryptocurrencies Before Establishing a Crypto Reserve. Existing Gaps in Crypto Awareness, Legal Provisions, and Enforcement of Criminal Punishments COLD POSE Risks to India’s’S’s Financial Stability IF CRYPTO IF CONSEDEREDEREDERED ASSET.C. Avenues to set up crypto reservesindia can allocate one to two percent of its foreign exchange reserves to crypto assets as a pragmatic starting point, Avail Co-FOUNDER ARJUN TOLD GADGETS 360. avail is a blockchain firm that supports the design of web3 applications. Arjun also co-founded polygon alongSide nailwal in 2017 but exited the firm in 2023. “India needs to see the creation of a crypto reserve as more than about jumping on a trend. Strategically in a Rapidly Evolving Global Financial Landscape, “Arjun Said. India to Experiment Strategically, Mirroring Institutes Like Blackrock (Managing $ 50 Billion in Bitcoin ETFS) and Corporations like Microstrategy, Whose Stock Surged 1,500 percant Affer Adopting Bitcoin as a treasury reserve. Highlighted that Bitcoin’s Fixed Supply of 21 Million tokens offers Protection Against Infectionary Pressures in Traditional Currency, Serving as a Hedge Against Monetary Instability Insetary Insetary Interability Uncertain World. “With 17 percent of the global population and a tech-savvy workforce, India has the demographic and intellectual capital to lead rather than follow. Digital assets offer a heedge against dollar hegemony, a tool for financial inclusion, and a bridge to the digital ear – critical for sustaining growth in a digitizing world. A late entry into the race would mean assets at significly higher prisles, Placing India at a Strategic Disadvantage, ”He added.india is also at liberty to keeenly analyse us Putting Seized Crypto Funds ITO Its Crypto Reserve. Laundering case. Cautionnimen shah, a Senior Chartered Accountant and International Tax Advisor from Mumbai, Said India’s Financial Position is on Solid Grind, which eliminates any urgeency for it to vento creation Crypto reserve. They enable private transactions with the involvement of any central bank or broker, making them susceptible to misuse by criminals. BeCause Crypto Lets Individuals Process Financial Transactions Without An Intermediary, It Threatns The Autonomy and Control of Central Banks on a Global Level, “Shah Told Gadgets 360.One Years, The Reserve Bank of India (RBI) Lifted Its Ban on Crypto, While The government Introduced A 30 Percent Tax on Cryptocurrency Incomes, Which Has Been Cryticized by Maany Crypto Investors.in 2024, Former RBI Governor Shaktikanta Das Called Crypto Risky and Highly Speculative, Addressing the World Economic Forum (Wef) in Davos in Davos. Year that crypto cannot be Viewed as a legitimate currency in India. Given the apprehensions of the RBI and other stakeholders, it would be a very long leap to go from zero regulations to crypto reserves, ”shah said, white dismissing the Idea of ​​Crypto Beckto Beeced An alternative to the Us dollar for India.he said that Crypto Activities are more intensive in the us than in India. Monetary Policy or Our Financial System. We are a long way away from there, “Shah added.as of tuesday, the Valuation of the Crypto Sector Stood at $ 2.7 trillion (roughly Rs. 2,31,56.903 Crore) with Over 13 Million tokens in Circulation, Most Expected Crypto Token, is presented at $ 85,600 (roughly Rs. 73.4 lakh). Reserve (T) Bitcoin Reserves (T) India (T) Polygon (T) Awail (T) Sandeep Nailwal (T) Anurag Arjun (T) Crypto regulation

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