The fact that really amazes me is how such a low rank (sorry, no offense) country is able to become one of the leading countrues of cryptocurrency using whereas such big countries like Russia, US are doing nothing, except issuing the regulations and taking taxes for crypto using.
What do you mean by India a low rank country, let me state some facts about them i know and from what i understand they are a developing country
- The majority of the IT experts around the world are from India
- The space program is top quality and they do things much cheaper than the rest of the world
- One of the most diverse country in the world and majority of them knows multiple language
- Land of Ayurveda, Yoga, Kalaripayattu
- Taj Mahal, Taxila
That being said it is a land of corruption too and if some official stand up against these scam then they will be put behind bars and there will a lot of political involvement when it is a high profile case and it is a big problem but there is nothing big to amaze here as US have taken strict actions against ICO and people investing in scams in 2016 if i am not mistaken.