India, Oct. 8 -- Recently, Finance Minister Nirmala Sitharaman hinted that India needs to climb on to the crypto wagon. Cryptocurrencies have taken the world by the storm, including creating stormy weather through scandals and scams. But India has resisted the crypto wave. It has played hide-and-seek with the new virtual currency, which is touted as the safest, yet the most dangerous one. However, the FM hinted that India will need to change with the world. As the rest of the world opts for the new currency, there is only one option for India, which is to join the gang. Still, it is not an easy path.

At present, the laws in India are unclear about crypto. Indeed, one can contend that it is possibly illegal to deal with the currency. Inve...