This is a long time discussion, because the government hasn't made any clear decision and implemented it. More and more number of suggestions keeps popping from different firms, and now buyUcoin has come up with a framework to avoid cryptocurrency ban and stop illegal usage of cryptocurrencies. The rest is the role of government, because it isn't an easy thing to make the government understand and implement something suggested by a private firm.
The new framework developed has got lots of cryptocurrency and blockchain experts, which makes it an accessible and a possible solution to implement.
One of the contributor has mentioned
“Banning crypto trading would cause India to fall behind other nations that allow it. By lobbying the Indian authorities, industry participants can implement the much needed crypto regulations in the country.”
Already several steps have been taken to regulate the cryptocurrencies. This time something with better plans might make it happen. India in rule is a democratic country, but in governance it isn't democratic for a long. This way there is possible chances for positive and negative news to come out of the developed framework.
Source :
cointelegraph