Resteeming this post. I like this part:
"I close this post by sharing something a friend shared on my FB wall:
In India:
Putting money in Bank: KYC Required.
Putting money in MFs: KYC Required.
Putting money in Online Wallets: KYC Required.
Putting money in Political Parties:
KYC NOT Required.
(Know your Clever) Politicians.
This is the current state of affairs in India and more the reason why we need a crypto revolution. In the meantime, don't panic and know your rights. "
I can understand your frustration, but happy that people like you will pave the path to handle such situations when I or many like me start earning big money with crypto.