Well, when it comes to regulation, every country has their own thought process - India is planning a blanket ban by criminalizing holding of crypt - leaving no room for anyone. There are lot of debates going on, but if this happens, then it will be end of story for all of us in India.
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There's so much conflicting information coming from India, who knows. I'll bet the rich are just stacking crypto while they create FUD for the poor.