It's not just about controlling the supply. India has foreign exchange regulations to keep the country's economy stable. This includes regulating both the inflo

It's not just about controlling the supply. India has foreign exchange regulations to keep the country's economy stable. This includes regulating both the inflow (Investments from foreign firms) and the outflow (remittances and more) of foreign exchange. Crypto (by design) bypasses all these controls. Even large crypto exchanges cannot abide by them: https://www.theblockcrypto.com/post/108178/india-law-enforcement-agency-ed-crypto-exchange-wazirx-fema https://www.theblockcrypto.com/post/108178/india-law-enforce...