The securities and exchange Board of India organizes working tours to different countries of the world to study cryptocurrencies and ICO. According to the annual report, Indian officials have already visited the UK and Japan.
India plans to learn from the experience of the financial services Agency of Japan, office of financial management and control in the UK and Management oversight of the operations of the financial market of Switzerland. According to the document, the purpose of working trips is “interaction with international regulators and gaining a deep understanding of systems and mechanisms”.
Although the Reserve Bank of India can hardly be called the friendliest Central Bank in the world in relation to cryptocurrencies, he also drew attention to the feasibility of using the regulatory experience of Japan and South Korea in his report for the period 2017-2018.
In April of this year, cryptocurrency enthusiasts and ordinary users from India faced a serious problem: the Reserve Bank banned commercial banks from providing their services to crypto-currency companies, thus cryptocurrencies in India were actually banned. However, times are changing, and proposals to change (if not completely lift) the ban are increasingly being heard from Indian officials.
it is remarkable how many things regarding crypto business happen in India. and i think it'll be usefull in the end, they don't ignore it at least