Why India Should Buy Bitcoin  by Balaji S Srinivasan - Feb 5, 2021 09:21 AM Bitcoin India should launch a digital rupee â and back it with digital gold. More broadly, India should champion decentralised cryptocurrencies like Bitcoin and Ethereum to safeguard national security, prevent deplatforming, attract international capital, strengthen monetary policy, deter financial fraud, accelerate technological development, and hasten Indiaâs ascendance as a global power. We make this case below. But if you haven't been following cryptocurrency closely, or India's proposed ban, don't worry. Our first step is to review the basics for folks new to the space before explaining why Prime Minister Narendra Modi should