In terms of cryptocurrency, India has a huge potential and it can't be overlooked. But there are some sad facts which we can't ignore.
Education/Computer literacy
To understand what blockchain is, what is digital cryptocurrency, one must have basic education. In india, literacy rate is still low. Also, many politician, bureaucrats lacks technical knowledge, they are unable to measures the pro and cons of this technology.
Fear of change
People in india are of conservative nature. They want to stick to old methods, procedures. Since crypto is still in developing phase, they want it to become stable before investing.
Government Decision
Government of India is still in thinking phase and not giving any statement in favor of crypto. In fact, bureaucrats, politicians and corporates who may not like it over giving up the control or power. Thus, making it a tough journey.
Role of Media
In India, media influence the most. Indian media is not covering anything about blockchain cryptocurrency, result is many people don't know about it
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