This is the official response to anything crypto: https://www.ccn.com/indias-securities-regulator-tight-lipped-on-crypto-regulation-inquiry-reveals/

TLDR: Unsatisfactory and incomplete response from regulator to queries on its research and work so far on crypto, study tours to crypto friendly nations etc.

RTI (Right to Information) Application filed by Blockchain Lawyer (https://twitter.com/Blockchainlaw91): https://drive.google.com/file/d/1SLFxZjhf-vwhwXZo__IU6pWt0rPmtUwv/view

Revert by SEBI: https://drive.google.com/file/d/1cQh2sCmguHndVG_Vid5Oslgl01MQz9NT/view

SEBI is India's securities market regulator. And they largely reflect the sentiment of the Reserve Bank and the Govt. Looks like the uncertainty wrt official stance on crypto will continue for quite some time. Will try to keep this thread updated with the latest on the Indian situation if and when I find the time.