The indian government has just proposed plans to stop offile selling of cryptocurrencies in cash as some people are using cryptocurrencies for hiding their black money. The govenment of india does not have an plans to shut down exchanges as even they know that people will start using foriegn exchanges to trade and also ghat cryptocurrencies have a great future. There is just one news article about india against cryptocurrencies but there are numerious more articles that show that india is moving towards adopting cryptocurrencies