India is old school and up to now has been taking extreme measures in dealing with cryptocurrency. Cryptocurrency give those who are poverty stricken a second chance especially those who depend on the Crypto bounties to make income just to survive. What nay seem like peanuts to some, may feed a whole family within an impoverished country. It is good to see people in India taking the high road to get regulations pushed so that the law becomes easier to navigate. Some countries aren't as quick to reach a compromise.
  I think fear and uncertainty is what drives governments into throwing ban hammers at crypto being it's easy to outlaw it and then figure out the details then to just let things be. It is stifling to creativity and hurts the peoples pockets. Hopefully governments work with the people to make guidance much clearer.