This way too easy to get around and a wonderful business opportunity for the Indian Community. Easy, just way too easy.
Step #1 Set up shop in England or America.
Step#2 The foreign, by that I mean American or British "shop", receives the crypto on the exchange.
Step#3 The American or British shop sells the crypto and the funds are placed in an American or British bank.
Step# 4 The funds are confirmed with the "shop" in India, who pays the seller in rupee.
Step #6 Funds (dollars or pounds) are wired to the Indian shop's bank account.
Done over end story, India participates in cryptos.
Purchases of cryptos can be done in the reverse. Funds paid in India, confirmed with "American or British" shop. Purchase is made on the exchange and sent to the buyer's Indian wallet.
All nice just a few more steps and of course a few more fees but isn't that the way in India? Five more steps and several layers of fees. :)
I have full confidence in the Indian Entrepreneurial Spirit to make this happen!