There's no "investor protection" in this picture... what there is is fear of not having 100% control of the money supply.

Especially since this is India, where the past couple of years have been all about the government trying to control money. The idea of potential competition for a means of exchange... through cryptocurrencies... is probably perceived as a major threat to them.

But it will be interesting to see how this all plays out. We've got the world's two most populous countries — India and China — putting these issues to the test at the moment.