I saw the headline of this news recently and it is quite alarming because this is a big loss for us aiming of mass crypto adoption. A 10 year imprisonment is totally not a joke so sad to say but I guess this is now the end of crypto for Indians .
Mate we are not in the right position to say that because we really don't know their struggles. If a certain government find somethong threatening for their countrymen and economy as a whole then of course there's a tendency for them to take precautionary actions against it. I'm sure that all they want is the best for their country, don't get them wrong .
Maybe they just don't want to let such crimes spread faster in more even worse way (since we all know that crypto offers anonymity). Actually, there would be no problem at all if all people are purely good but since it's not then it's understandable to pass that law. You can't make exemptions, law is for each of everyone whether you are good or bad.