Well, I won't say that this news is not for particularly crypto currencies, instead it is for betting industry only! The law commission of India recently published a report to the finance ministry where it talks about the positive sides of legalizing betting industry. Because the law enforcement department has failed miserably to stop the growth of betting in India and government of India is loosing their chunk of this multi billion dollars industry. So the law commission suggested to legalize the betting in India so that the government can get their tax cuts to keep the treasury deficit within limit. No mentioned of cryptos in that particular report so I don't know how it is relevant to cryptos.

Rather, we all should wait for 11th September when the final hearing of the court case filed by the crypto business association against the RBI ban will be conducted. That's totally relevant to cryptos.