Govt and exchanges are two major entities which are a hurdle in mass adoption.

India imposed 30% capital gain tax and loss can’t be reported.

Additionally 1% transaction tax.

It was introduced approx two years back and resulted into almost no trading volume in the local exchanges, ban on withdrawal by exchanges.

Once a thriving industry completely surrendered in front of govt pressure and by banning coin withdrawal demonstrated that they don’t care about their customers as well.