even the cryptocurrency are legal in india still there are much problems are being faced. The RBI is not able to keep the records of taxes and there is a accumation of black money. Even the greatest stars of India like amitabh bachchan bought bitcoin to safe his illegal money. Moreover recently the ATM opened by the unicorn exchange was also closed and a fine of 1crore was imposed by RBI on them. I think till the government finds out the solution of keeping the records of money from cryptocurrency it will not be legal.
It is not new,we have black economy ,there is very less tax payers and mostly local business are done through cash to hide income,and politics add bonus to this economy there are plenty of corrupt big politician and have solid background which protect them ,I also think untill we have digital record maximum people transactions coverage,it is no use of making crypto legal as it further promote black economy although rbi should remove ban on crypto and very few tech people know about crypto and how to use it,but there are plenty of scammers out there who will ruin this opportunity from getting India to digitalise with new technology.