The Reserve Bank of India agrees that cryptocurrency regulations should be ... financial services to exchanges and other cryptocurrency businesses.
source https://www.google.com/url?rct=j&sa=t&url=https://www.ethnews.com/indias-supreme-court-asks-government-to-give-opinion-on-cryptocurrency&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNFxTSX7Q0sc2Ll4AsKDDikGz4JBqQ