Hey @Firepower,

I respect your opinion, but I think there is also something which lately I have learned about our financial system.
I think the government is trying to empower businessmen,( relatively small business actually) if we keep our money in banks.. the so-called banks could be able to give the loans to the new generation businessmen at lower interest rates. So I think that is something which our government is trying to do, to provide livelihood and employment to other people.And secondly, income taxes, if we are living in India, we are liable to pay for security/police/roads i.e system in general which we pay in term of taxes, the introduction of cryptocurrencies may disrupt the taxation system as well which is not good for citizens.

I also want the blockchain to be introduced in India, but I think the government has to think over, again and again, keeping above two points in mind ....cause introducing and legalising the cryto may gather the "real whales " attention leading to cases of tax evasions and higher interest rates.

I know the blockchain could give employment to millions of people here in India, but how many of us could actually jump on this train. I think only the highly educated ones... what about others... who have a small business, they only seeking governments and bank's help..." so if you are putting your hard earned money in the bank " it may be helping some businessmen with the capital.

You may say that I'm naive but I think this is my opinion!
Cheers and keep on steeming we love your posts :)
oh I wrote a blog as well https://steemit.com/blockchain/@tanishqyeverma/why-india-is-still-undecided-on-legalizing-crypto-currencies