Over 16,000 Indians have even already signed a change.org petition that was launched on the same day as the RBI directive. Addressed to the central bank, as well as to the Prime Minister of India, the petition calls on the country to adopt a framework which will allow cryptocurrency innovation to flourish instead of trying to stifle it. It points to failed attempts by cities around the world to block Uber as an example of why it wouldn’t work. The writers of the petition also point out the hypocrisy of the central bank for considering issuing its own digital coin.
I can't remember having seen similar petitions, regardless of how many people signed them, have ever worked in modern economies concerning serious matters. Have these things ever resulted in something in India?
I however find it great that people at least try to force something through. Everything is better than just standing there and do nothing, even when you know that it is the easiest way out.
Some times I would love to see a total failure of the current system due to crypto, but I know that won't be happening with how people are too much focused on fiat and their shitty governments not doing anything for them.