As appears in the new media report, the Indian authorities can, presumably, legalize cryptocurrencies, but under strict conditions. According to an article in New Indian Express published on December 26,

In fact, banning Bitcoin, the Indian authorities are considering the possibility of creating their own cryptocurrency. According to Quartz, an expert group under the Ministry of Finance may soon recommend

A month after India’s Central Bank banned banks from serving crypto exchanges, trading volumes are back to previous levels, seeing a sharp rise recently to $75 million as eth and bitcoin turn bullish.

Lawsuits against the Central Bank of India were filed by several cryptocurrency companies. The Central Bank said that it is completing relations with cryptocurrency exchangers. That companies called such