Absolutely well said Meghan. I feel problem with our govt is that they are always on a lookout for easier ways. While regulating it will need efforts banning it only needs a press release.
While so many odds are there; we should wait for more details on JioCoin. As per news the elder ambani's son will be coming up with coin and has already started hiring Blockchain experts. If the news is true then willingly or unwillingly our govt would have to pass a law in favor of it.