According to Bijié Wǎng, seven countries, including the United States, El Salvador, and the UAE, have added Bitcoin to their national reserves, highlighting its growing status as a financial asset. India currently holds 1 million Bitcoin, ranking second globally, mostly held by retail investors. While the Indian government expresses concerns over the impact of stablecoins on payment systems like UPI and potential economic risks, federal minister Jitendra Singh highlighted blockchain's potential to enhance transparency and efficiency. Despite regulatory challenges, India's gradually shifting crypto policy and large Bitcoin holdings suggest possible future inclusion in its reserve plans.
Seven Countries Add Bitcoin to Reserves, India's Potential Inclusion Under Scrutiny
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