The article talks about facts! Let me summarize it for you all!
India is lossing opportunities big time as a lot of young business owners are still waiting for the regulatory uncertainties to go away! RBI and policy makers have already thrown away few good companies like zebpay, Unocoin from the economy and zebpay moved to Singapore to continue their business! So new entrepreneurs are not willing to take further risks during such uncertain times, rather they are considering foreign land to start their business and foreign exchanges are eating out a big chunk from the pie!
Not sue what is meant by Golden age by the author! It's no golden age, just dark times for crypto communities in India!
Indeed. The government are blind. Foreign exchanges are dominating their market already and yet they don't let the entrepreneurs of their countries do anything, let alone themselves.They failed to see the past failures they've had, and now are almost repeating it for the second time. I don't know how OP described it as Ushering since they are still literally in the decision phase of what to do. The government of India is still deciding whether to stand up, create their own big ass companies that could potentially compete with Binance and other large exchanges after all .