Citing the United States’ plans to expand its Bitcoin reserves and Bhutan’s state-backed mining initiatives, Bhandari positioned India as uniquely suited to leverage its growing renewable energy capacity to establish a state-level Bitcoin strategy.
India tops global crypto adoption, but everyday use remains elusive. In an exclusive interview, Mudrex cofounder Alankar Saxena unpacks how Indians are moving from quick trades to five-year holds, why education and clear rules matter, and where remittances and DeFi could make crypto mainstream.
During a hearing on Monday, Justices Surya Kant and N Kotiswar Singh questioned why the Centre had not yet implemented a regulatory framework, stating that unregulated crypto trading was giving rise to a “parallel under-market” capable of threatening the broader economy.
Over the last six months, Bullish and Gibraltar’s financial authorities have worked together to craft a regulatory framework that adapts traditional finance (TradFi) clearing regulations, such as those enforced under EMIR and Dodd-Frank, to the crypto ecosystem.
Dubey highlighted concerns about cryptocurrency, pointing out that Reserve Bank of India (RBI) Governor Shaktikanta Das has consistently stated that cryptocurrencies are not legal tender. Despite this stance, the Supreme Court ruled against restrictions on cryptocurrency exchanges, allowing them to continue operations.
