If Facebook is planning to launch its own stablecoin in India before anywhere else, it's impossible that they wouldn't have taken our regulatory climate into account. Those super smart guys won't commit such a big mistake.
So the question that comes to mind after this news is....Does Facebook know anything special about the upcoming crypto regulation of India that is not known yet?
That possibility can also not be ruled out, thanks to the lobbying power of company in Indian Goverment circles. Possibly something interesting is in the offing. Let's wait and watch!