I don't think it's that straight forward. I think the current government is secretly helping its main supporter to launch their crypto currency. Most Indians are in awe of how the Chinese manipulate their markets and favour just their own home grown. That's probably what's happening here. Jio Coin is on its way and there will be a tacit support for this coin. Imagine all the banks and the government giving a crypto currency tacit support in India. It will have a a huge potential to be massive. It will be a coin to watch out for, especially when it can be so blatantly manipulated.
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