I noticed South Asian country authorities are more into banning crypto. Possibly they think it's hard for them to regulate crypto but the reality is - true crypto enthusiast will find their own way and it can't be stopped for real. The wise move will be to study and adopted with crypto culture.
Is South Korea not considered South Asian?
They're the worlds biggest crypto backing country.
South Korea is not included in the South or South East Asia country, they're in the East Asia part.
Maybe this news is true, but there is more and more people getting into cryptocurrency usage. Another thing more and more cryptocurrency and blockchain related development is happening within India. In recent days TCS, one of the leading IT service provider have entered the cryptomarket. If the government isn't supportive TCS could've never taken the steps forward. Upon this there is very less chance of cryptocurrencies getting banned in India.
You are absolutely right now India is doing very good in cryptocurrency and just few negative mind peoples creating rumours about this few days back we have announcements from few big exchanges as they are going to invest and opening representative offices in India for better way so I am feeling India could be next big in this technology.
As long as there is no word regarding banning of cryptocurrency from the government, then we shouldn't believe and statements spreading around the internet. Some countries are still looking forward to the use of cryptocurrency because they see a huge potential in this.
The problem is, there will be a sudden changes on the economy and I think there are not enough studies about cryptocurrency because it's still on the development.