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. Ofc there are lot of scam, and a lot of are recovered but the problem is not even that there are a lot of them, but that the government looks at these cases and, in general, with distrust even refers to the blockchain technologies themselves, which in fact do no evil to anyone. People must separate cause and effect. A blockchain is not the cause of fraud. It occurs when general market rules are not created.
Do you have to link to the article so we can read the whole information and see how they've done it, this is good news for India but on the other hand, there's also bad news coming from India, and that is they are drafting a law where holders and traders of Bitcoin will get 10 years if lawmakers pass this law.