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Digital asset advocate Aravind has called on India’s Reserve Bank to allocate $10 billion from its foreign exchange reserves into a national cryptocurrency reserve. The proposal suggests including Bitcoin, Ripple, Ethereum, and Solana, following the U.S. model. This move could position India as a key player in the global crypto reserve race.
- Aravind proposes India allocate $10B from its $650B forex reserves to a crypto reserve including BTC, XRP, ETH, and SOL.
- El Salvador and the U.S. already hold large Bitcoin reserves (6,000 BTC and 207,189 BTC, respectively).
- Bitcoin (up 2.62% weekly to $84,537) and XRP (up 3.21% to $2.07) are key assets in global crypto reserve discussions.
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