India is looking promising, with a large tech-savvy population, the supreme court recently regulating crypto and the number of new crypto startups emerging.
The court has no authority to formulate any law, they just uphold the law, check what you are telling
.
but if the number of new crypto startups that arises is not from a good company or a crypto project that does not yet have a real product, it will be very risky for the Indian community to follow
This is a situation with all the token projects which promises big things, there is nothing concrete and all they do is promises about big things and everything is a big experiment and for that they will collect millions of dollars and with the current rules in India i do not think anyone could start an ICO project and collect funds.
but if the government can regulate and supervise it is clearly very good to follow, because the potential for the birth of the scammers in crypto is also very much and very easy.
It will take a long time to regulate the market and with the pandemic crisis they wont consider this as a priority for sometime, you can expect regulating the market but how can you expect them to supervise
.