This ia nothing beneficial to the bitcoin. Using blockchain technology has nothing to do with bitcoin. Blockchain is just a technology. Many banks or others will use it sooner or later but legalism of bitcoin is something else. I don't know much about the cryptocurrency laws on bitcoin, but in general, it seems suncontinental people are having worse time with bitcoin.
Yup, because same is the case with India. India is not accepting bitcoin or any crypto as a legal tender but is using the blockchain technology.
I do agree to some extent that using the blockchain tech does not necessarily mean that they will be accepting crypto but it does paves a way for them towards using cryptocurrencies because there were rumours that India government will be launching it's own coin for payments. Though I don't believe this is true, but I believe that using blockchain tech paves a way towards cryptocurrencies.