Government is not even allowing a platform to launch their services, do you really believe their regulations and the mix of old traditional banking system and crypto will make it up to something positive happenings in the future?
I am more or less interested in this statement. Actually the fact is Government has always been slowest decision maker, but that is for a reason. For example : They may need to think very much futuristic, that is they need to predict what may go right and wrong if they do allow such non-conventional system to take over the current traditional banking sectors.
That may be the reason they are not allowing such institutions to take effect immediately. Think about the G20 summit and countries involved! Why do you think they are even having so many meet ups on crypto currency matter?
May be everyone is trying to set up and plan a system that will be well regulated for the sake of banks and crypto as well.