uncertainty is the name of the game in India
in regards to crypto at least, they are sitting on the fence now, since if RBI has its way and the crypto is outlawed completely
it will move the whole market into shade and it won't stop people from trading
even if they ban domestic exchanges, just look at China, for example
here is ET timeline about RBI vs Bitcoin :
https://economictimes.indiatimes.com/topic/rbi-bitcoinyou can see how the thing has progressed so far, there were u-turns,deadlines, final decisions etc.
but they have postponed the hearing yet again...