For all I care, India can go ahead and flex its muscles. Nothing much will come out of its noise.
Do not get it wrong, on Indian CBN can say something like that, India accept crypto and they are regulating it, but their central bank is the one making noise, not Indian government.
If all the government of the world agree to ban bitcoin they will do it successfully. But the problem is that the whole world government will not agree on one thing.
Just like when China banned bitcoin and crypto mining, Kazakhstan accepted more miners, ming also increase in US, Kenya also encourage crypto mining. I can not agree more, you are right.
India tax crypto. That means crypto is legal in India.
Legal to trade does not mean legal to use as currency. Maybe that's the point. As I know India has taxed crypto so far, they are getting benefit but crypto is not legal tender.
In other countries such as Nigeria, crypto also appears to be illegal as currency
Because I said crypto is legal in India, I did not mean a legal tender.
Crypto is not illegal in Nigeria.