See our government is not progressive, we take western models and indianize them, but we would never lead.
I see cryptocurrencies as a field where by legalising it we can lead the cause. Now comes the clutter about crypto has a quandary future. Then like stocks and mutual funds do the prior warning thing. People invest at their own risk.
We have hugh unemployment and major poverty issue, why not give people alternative source of income. But we will wait till all countries take such decisions then jump in.
Similar sentiments were expressed regarding legalizing weed but none dared to do that despite 'bhaang' being an integral part of culture of mountains in India. We don't even imitate properly here...
My thoughts exactly!