One great concern the government of our country has always expressed about cryptocurrency bothers around regulations and another reason it appears it's not been possible to regulate the crypto space in our country is because they wan an absolute regulatory power over the space forgetting that cryptocurrency in its nature doesn't allow for that and you can't force it but to stay within the confines of regulations it avails you.

I don't know how much the bodies you mentioned earlier are putting into achieving a good regulatory framework but another way I think that can help is getting the finance regulatory bodies engaged and involved in the whole blockchain and cryptocurrency space so they will have a first hand experience that will get them to see and understand for them selves how effective it can be if they get this regulations in place and allow for other top industry player to join in because they may not have that experience since  they have not been directly involved with the crypto space and that could be affecting the way they see it and make concerns about it but a direct involvement may change the whole narrative.