Payment sector specially in India is highly regulated, with even WhatsApp current application for UPI payment licence in Legal limbo because Facebook specially

Payment sector specially in India is highly regulated, with even WhatsApp current application for UPI payment licence in Legal limbo because Facebook specially having bad name/luck with Regulators. Highly Doubtfull that current regulation will allow Cryptocurrency in any form as payment mechanism. Most that could be allowed would be glorified anti fraud Secure logger.