I am deeply concerned about what's going on in India. The current government is a backward thinking government who are more interested in building temples and creating religious collisions within the country. They are also trying to include their own people as the head of every institution. New Governor is just another example of that initiative. BJP is trying to get hold of the cash reserve of the country to control their own agenda.
I don't see any hope for cryptos in India until the current government stays in Power. They are trying to establish a cottage industry based on cow dung and cow pee. It seems like we are travelling back in time instead of moving forward while the brightest minds are opting to stay abroad.
The government with backward thinking is not just India. In fact, other countries in Asia except Japan，they are keen to establish their own monetary system and regard crypto as a threat.
You can see the situation in several major Asian countries. In some countries in the Middle East, even using crypto may be a crime.
In contrast, India is much better, at least they wont catch you because you use crypto.
They already banned banks from giving services to individuals who deal in cryptocurrency. But, it's still alive via p2p methods.
However, if they completely ban it or term it illegal then it won't be any less than crime in the country.