For any cryptocurrency network to be considered useful in India, it's got to have *all* of these characteristics:

Censorship-resistance, Neutrality, Decentralisation, Openness, Privacy, Liquidity.

If a particular network can offer all of these, the general public and the regulators should take it seriously and consider it as being useful. Revolutionary for sure.

If not, it's useless. Maybe an interesting experiment yes. Or a dumb one. Or an outright scam.

If one thinks that no network can offer these now or at any time in the future, he can confidently dismiss the entire industry as useless.

Government initiatives will always lack the above-mentioned characteristics, except for liquidity. If these networks can't offer any of them, we're better off not using them at all because a network lacking those characteristics are *bad* for the populace.