Below is the open letter from CoinRecoils co-founder and CEO Kunal Barchha to PM Modi and FM N. Sitharaman. I'm sure senior members in this group would have already seen it.
He raises all very valid points. It is unfortunate that Indian Government is hesitant to take a stand on cryptos. Maybe it is far from their mind, considering all the challenges in the country at the moment.
Even if we leave behind cryptos, any application/solution development on Blockchain is proving difficult without a clear regulations on this front. People are hesitant to move ahead in this field. This is the future in many ways, and we shouldn't miss the vast potential of this technology.
There might be some people reading this who would be in a position to influence policy on this. Will request your complete support. Thanks
https://inc42.com/buzz/govt-screwed-us-crypto-startup-coinrecoil-founder-writes-an-open-letter-to-pm/