Earlier quoted context omitted.
Chine -> banned crypto currencies EU -> plans to strongly control or outright ban crypto currencies US -> might also move against crypto currencies Idk. about India, Japan etc. but if EU and US moved they will likely follow. Just to be clear I'm speaking about crypto currencies like we think about them now, I'm sure there is a future for blockchain based currencies, potentially even spear headed by governments.
Doesn't India pretty well want to control their own money? Even more strongly than others? Not that they at same time aren't willing to provide services, just paid for in fiat...
Also I have hardly any idea about how India or e.g. Japan stand wrt. crypto currencies.
But probably they do want a strong control about their own money.
More or less any stable country wants that and would only give that up for major benefits (like joining the European trade Zone).
Though one think important to realize is that most crypto currencies are not currencies but securities. The reason for it is that they (especially BitCoin) fail some of the major aspects of a well working currency. Like it MUST NOT be deflationary (main point!), must be cheap to move (for companies at least), must have ways to constraint money laundering (which excludes full anonymity), must be as stable as possible, and other points.
Crypto "currencies" are more like securities, like stocks. But not backed by any real world value and mostly unregulated and 100% a bubble (question is how big).
Unregulated (and partial unregulateable), non-real world value backed, inflated stock should ring alarm bells, which is why I expect more regulations in the future.
Regulations which likely also "accidentally" will hinder (or even outright prevent) crypto currencies which actually act like currencies as long as they are not state backed.