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As US takes lead, India may move to regulate cryptocurrency: Experts

The price of Bitcoin rallied to $95,083 per piece on Sunday from $78,225 on Friday following Trump's announcement. It normalised to $83,687 on Tuesday at the time of writing this report

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Ajinkya Kawale Mumbai

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US President Donald Trump’s announcement of a strategic cryptocurrency reserve has kindled a hope in Indian crypto space too as experts believe that it could shore up the legitimacy of virtual digital assets (VDAs) in the country too.
 
Industry experts suggested that it would potentially strengthen the case for the country to consider integrating crypto into its reserves.
 
Last week, Trump said that five VDAs including Bitcoin, Ether, XRP, Solana and Cardano were expected to be included into a new US strategic reserve for cryptocurrencies.
 
Crypto experts believe that such an announcement from a leading crypto-adopting nation could encourage other