Indian govt and RBI could have easily cashed on revenue generated by crypto exchanges, by regulating and even funding start ups in it. They rather chose to make it difficult for these exchanges to do business on grounds that crypto is evil. I mean wth, money is evil, where there is money involved there is all kinds of scams. I mean look at the prevalence of corruption in real estate to begin with. All they needed was regulation and taxation laws. The taxes generated by regulated crypto could have been huge and helped govt and banks in their progress towards "Aache Din". Like whatever happened to made in India , didn't they envision that if they won't support or foreign exchanges may cash on their ignorance!
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