It all boils down to regulations. Clarity is very much needed in India. The current tax treatment is very bad as well..
I am expecting some information about regulations by the FM when she presents the budget this year. It has been more than 2 years that the community has been paying heft tax without any regulatory knowledge. Local exchanges are using this loophole to cheat the users. It is high time that the government provide some relief and encourage crypto activities in India.