India setup a committee 2 years ago and it took them such a long time to come out with the s**** recommendation to put anyone who holds , sells, buys crypto for 10 years jail time. This bill is going to be tabled in winter session of parliament around December 2019. that is hardly 4 months away. Since it is portrayed as a currency it becomes a challenger to the rupee. since it cannot be considered a legal tender it has to be banned. thats how their recommendations goes.
If bitcoin was atleast marketed in a way that it will benefit the central bankers and state then it would have had some chance at survival. India with its 1.4 billion population will be out of this crypto revolution , while the rest of the world be happy with your crypto experiment.
eh?? Im sorry to hear that your government have full of short sighted people and probably too corrupt to think about the benefits of people in cryptocurrency, instead they just thinking of enriching their own. Do not put the blame on people and countries that supported Bitcoin the way it should function. Blame your own government for being too selfish and blind on the possibilities and opportunities if they regulate cryptocurrency in a positive way.