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The creation of a U.S. crypto strategic reserve has sparked a global movement, with numerous countries showing interest in incorporating digital assets such as Bitcoin into their national reserves. Here are some nations that have expressed a desire to hold cryptocurrency.A new wave of interest in national crypto reserves has emerged this year following the U.S. announcement of its own strategic Bitcoin reserve in March 2025. President Donald Trump issued an executive order to establish the reserve, utilizing around 200,000 BTC that had been confiscated by authorities over the years.According to Chainalysis, strategic crypto reserves are being viewed as a hedge against inflation, offering an alternative for countries traditionally reliant on traditional reserve assets like gold and the U.S. dollar.Bitcoin Treasuries reports that 12 governments currently hold Bitcoin, including early adopters such as Bhutan and El Salvador. The United States leads in BTC holdings, followed closely by China.At least a dozen governments now include cryptocurrency in their balance sheets. Source: Bitcoin TreasuriesRecently, several countries have started exploring the idea of holding digital assets in their reserves, inspired by the U.S. initiative, which has opened the door to assets like Bitcoin, Ethereum (ETH), Solana (SOL), XRP (XRP), and more.Here are five countries that have recently shown interest in establishing their own crypto reserves, following the U.S. example.You might also like: Brazil and Indonesia are considering the establishment of strategic Bitcoin reserves.

Countries That May Follow the U.S. Crypto Strategic Reserve Trend

Indonesia

A local crypto advocacy group, Bitcoin Indonesia, was recently called to meet with Vice President Gibran Rakabuming Raka to present a national Bitcoin strategy. In a post shared on August 5, the group stated that the Indonesian government is currently evaluating whether Bitcoin could be incorporated into its national reserve framework.Although Indonesia allows cryptocurrency trading, it prohibits its use as a means of payment, a rule that has been in place since 2017. Recently, the Ministry of Finance increased cryptocurrency taxes, signaling a growing regulatory focus on digital assets.

El Salvador – The first country to adopt Bitcoin as legal tender, El Salvador has been at the forefront of exploring crypto as a national reserve.

El Salvador: The First Country to Adopt Bitcoin as Legal Tender

El Salvador has made history by becoming the first country in the world to adopt Bitcoin (BTC) as legal tender. This bold move, which took effect on September 7, 2021, marked a significant shift in how nations approach digital currencies and monetary policy. By integrating Bitcoin into its national economy, El Salvador aimed to promote financial inclusion, reduce reliance on the U.S. dollar, and position itself as a global leader in blockchain innovation.

The decision was spearheaded by then-President Nayib Bukele, who championed the idea of using Bitcoin as both a medium of exchange and a store of value. The government introduced the “Chivo” wallet, a state-backed mobile application designed to facilitate Bitcoin transactions for citizens. The initiative was accompanied by a series of incentives, including a $30 Bitcoin bonus for users who downloaded the app, signaling a strong commitment to adoption.

One of the key motivations behind this move was to address the challenges faced by a large portion of the population that lacked access to traditional banking services. With over 70% of El Salvador’s population unbanked or underbanked, Bitcoin offered an alternative financial infrastructure that could be accessed via mobile devices. This aligns with broader goals of financial empowerment and economic resilience.

In addition to its role as legal tender, Bitcoin has also been considered as a potential component of El Salvador’s national reserve. While the country primarily uses the U.S. dollar as its official currency, the government has explored the idea of diversifying its reserves by incorporating cryptocurrencies. This strategy aims to hedge against inflation, reduce dependence on foreign currencies, and potentially increase the country’s attractiveness to international investors.

Despite the enthusiasm surrounding this initiative, the adoption of Bitcoin as legal tender has not been without controversy. Critics argue that it introduces volatility risks, lacks regulatory oversight, and may undermine the stability of the national economy. Additionally, some citizens have expressed concerns about the security of digital assets and the reliability of the Chivo wallet.

Nonetheless, El Salvador’s experiment with Bitcoin has sparked global interest and debate about the future of money. It has prompted discussions on the role of central banks, the potential of decentralized finance, and the implications of national governments embracing cryptocurrencies. As the world watches this unprecedented development, El Salvador remains a pioneering example of how blockchain technology can reshape the financial landscape at a national level.

Chile – Chilean officials have shown interest in using blockchain technology and digital assets for financial innovation and economic stability.

Chile and the Exploration of Blockchain Technology for Financial Innovation

Chile, a South American country known for its stable economy and progressive policies, has shown growing interest in leveraging blockchain technology and digital assets as tools for financial innovation and economic stability. As the global financial landscape continues to evolve, Chilean officials have recognized the potential of decentralized technologies to enhance transparency, efficiency, and inclusivity in the nation’s financial systems.

Blockchain technology, with its ability to provide secure, tamper-proof records and automate transactions through smart contracts, has attracted attention from various sectors within Chile. The government has begun exploring how these innovations can be integrated into existing financial infrastructures, particularly in areas such as cross-border payments, trade finance, and public sector record-keeping.

In recent years, Chile has taken steps toward creating a regulatory environment that supports the development of digital assets while ensuring consumer protection and financial integrity. This includes discussions around the legal status of cryptocurrencies, the role of central bank digital currencies (CBDCs), and the potential for tokenized assets to diversify investment opportunities for both individuals and institutions.

One of the key motivations behind Chile’s interest in blockchain is the desire to foster economic resilience. By embracing digital innovation, the country aims to reduce reliance on traditional financial systems, which can be vulnerable to inflation, currency devaluation, and geopolitical instability. Digital assets, particularly stablecoins and CBDCs, are seen as potential tools to stabilize the domestic economy and support financial inclusion, especially in underserved regions.

Furthermore, Chile has become an attractive destination for blockchain startups and fintech companies due to its favorable business climate and strategic location. The country’s efforts to position itself as a regional hub for digital innovation have led to increased collaboration between private sector entities, academic institutions, and government agencies. These partnerships are crucial in driving research, development, and implementation of blockchain-based solutions tailored to Chile’s unique economic needs.

The Chilean government has also participated in international dialogues on cryptocurrency regulation and digital asset adoption, signaling its commitment to staying at the forefront of global financial trends. By engaging with global regulators and industry leaders, Chile seeks to shape policies that balance innovation with risk management, ensuring that the benefits of blockchain technology are harnessed responsibly.

As the conversation around blockchain and digital assets continues to evolve, Chile remains a notable example of a country proactively exploring the future of finance. With its focus on stability, innovation, and inclusivity, the nation is well-positioned to play a significant role in the broader adoption of blockchain technology across Latin America and beyond.

Brazil – Brazil has been actively discussing the role of digital currencies in its economy, with some officials advocating for a more open approach to crypto.

Brazil: A Growing Interest in Digital Currencies

Brazil has emerged as a significant player in the global conversation around digital currencies, with increasing interest from both government officials and the general public. As one of the largest economies in Latin America, Brazil’s stance on cryptocurrency could have far-reaching implications for regional and global financial systems.

Over the past few years, discussions about the role of digital currencies in Brazil’s economy have gained momentum. While some policymakers remain cautious, others are advocating for a more open and inclusive approach to crypto. This shift reflects a broader recognition of the potential benefits that digital assets can bring, including financial inclusion, reduced transaction costs, and increased transparency.

One of the key drivers behind this growing interest is the country’s complex economic landscape. With high inflation rates and a historically unstable currency, many Brazilians have turned to cryptocurrencies as an alternative store of value. Bitcoin, Ethereum, and other major tokens have seen significant adoption in the country, particularly among younger, tech-savvy populations.

Government officials have also started to take notice. Some members of Brazil’s Congress have called for regulatory frameworks that support innovation while protecting consumers. In 2023, there were discussions about introducing a national digital currency, which could potentially be backed by the Brazilian Central Bank. This move would position Brazil as a leader in the development of central bank digital currencies (CBDCs), aligning it with other forward-thinking nations like China and the European Union.

Despite these positive developments, challenges remain. Regulatory uncertainty, concerns over money laundering, and the need for robust consumer protection measures continue to shape the debate. However, the overall trend suggests that Brazil is moving toward a more open and nuanced approach to digital currencies, recognizing their potential to reshape the financial landscape.

As the global crypto ecosystem continues to evolve, Brazil’s position will likely play a crucial role in determining how digital assets are integrated into mainstream finance. Whether through regulation, innovation, or a combination of both, the country is poised to become a key player in the future of digital finance.

India – India has been cautious but increasingly open to the idea of digital assets, with discussions around a potential central bank digital currency (CBDC) and crypto regulation.

India: A Cautious but Evolving Stance on Digital Assets

India has long maintained a cautious approach toward digital assets, including cryptocurrencies and central bank digital currencies (CBDCs). However, in recent years, the country has shown increasing openness to exploring the potential of these technologies, particularly as global interest in blockchain and digital finance continues to grow.

One of the most significant developments in India’s digital asset landscape has been the discussion around a potential CBDC. The Reserve Bank of India (RBI), the country’s central banking institution, has been actively researching and experimenting with the concept of a digital rupee. This initiative aligns with global efforts by central banks to harness the benefits of digital currencies while maintaining monetary control and financial stability.

The RBI has conducted pilot projects for its digital rupee, focusing on retail and wholesale applications. These trials have aimed to assess the feasibility of a sovereign-backed digital currency in enhancing financial inclusion, reducing transaction costs, and improving the efficiency of the payment system. While the full implementation is still under consideration, the progress made so far indicates a growing willingness to embrace digital innovation within a regulated framework.

In addition to CBDCs, India has also been grappling with the regulation of private cryptocurrencies. The government has expressed concerns about the risks associated with unregulated digital assets, such as money laundering, fraud, and volatility. Despite this, there has been a noticeable shift in the regulatory discourse, with discussions around creating a balanced framework that fosters innovation while protecting consumers and ensuring market integrity.

Several proposals have been put forward to regulate the crypto sector, including the introduction of a licensing regime for crypto exchanges, stricter anti-money laundering (AML) measures, and tax compliance requirements. The aim is to create a transparent and secure environment for digital asset transactions without stifling the growth of the industry.

As India continues to navigate the complexities of digital finance, the interplay between innovation and regulation will be crucial. The country’s evolving stance reflects a broader trend among emerging economies seeking to harness the benefits of digital assets while mitigating their risks. With ongoing dialogue between policymakers, industry stakeholders, and international partners, India is positioning itself as a key player in the global digital finance ecosystem.

Mexico – Mexico has seen rising interest in cryptocurrencies, with some policymakers considering how digital assets could be integrated into the national financial system.

Mexico: Embracing the Crypto Revolution

Mexico has emerged as one of the most dynamic markets for cryptocurrency adoption in Latin America. Over the past few years, the country has witnessed a surge in interest in digital assets, driven by a combination of economic uncertainty, technological innovation, and a growing entrepreneurial spirit among its population.

According to various reports, Mexico ranks among the top countries globally in terms of cryptocurrency usage. This is partly due to the high level of financial exclusion in the country, where a significant portion of the population lacks access to traditional banking services. Cryptocurrencies offer an alternative, enabling individuals to participate in the global economy without relying on conventional banks.

Moreover, the Mexican government has started to take notice of this trend. Some policymakers are exploring how digital assets could be integrated into the national financial system. Discussions have included the potential benefits of blockchain technology in areas such as cross-border payments, remittances, and financial inclusion. These efforts reflect a growing recognition of the transformative power of cryptocurrencies.

One notable example is the rise of Bitcoin ATMs across major cities like Mexico City, Guadalajara, and Monterrey. These machines have made it easier for citizens to buy and sell cryptocurrencies, further fueling mainstream adoption. Additionally, local startups and fintech companies are increasingly leveraging blockchain solutions to provide innovative financial services to underserved communities.

Despite this progress, challenges remain. Regulatory clarity is still evolving, and concerns about volatility, security, and compliance continue to shape the conversation around cryptocurrency in Mexico. However, with increasing awareness and a supportive policy environment, the future of digital assets in the country looks promising.

As Mexico continues to navigate the complexities of the digital economy, its approach to cryptocurrencies will likely serve as a model for other nations in the region and beyond. The journey of integrating digital assets into the national financial system is just beginning, but the momentum is undeniable.

FAQ on National Crypto Reserves

Frequently Asked Questions About National Crypto Reserves

Question 1: What is a US crypto strategic reserve?

Answer 1: A US crypto strategic reserve refers to the idea of the United States government holding cryptocurrency assets, such as Bitcoin, as part of its financial reserves. This initiative has sparked interest among other countries in exploring the use of digital currencies for national economic strategies.

Question 2: Why are countries interested in holding Bitcoin as a reserve asset?

Answer 2: Countries are interested in holding Bitcoin because it offers diversification from traditional fiat currencies, provides a hedge against inflation, and can enhance financial sovereignty by reducing reliance on centralized banking systems.

Question 3: Which countries have shown interest in holding crypto assets?

Answer 3: Several Asian and Latin American countries have expressed interest in incorporating Bitcoin into their national reserves. Examples include El Salvador, which has officially adopted Bitcoin as legal tender, and countries like India, Indonesia, and Mexico, which are exploring regulatory frameworks for digital assets.

Question 4: What are the potential benefits of national crypto reserves?

Answer 4: The potential benefits include increased financial resilience, greater access to global markets, reduced transaction costs, and the ability to participate in the growing digital economy. It also allows countries to protect their wealth from currency devaluation and geopolitical instability.

Question 5: Are there any risks involved in holding crypto as a reserve asset?

Answer 5: Yes, there are risks such as price volatility, regulatory uncertainty, cybersecurity threats, and the lack of established infrastructure for large-scale adoption. These factors require careful consideration before implementing a national crypto reserve strategy.