The government of India is reportedly planning to regulate cryptography. What is the motive?

The government of India is exploring the possibility of legalizing cryptography and regulating exchanges.

Several local publications reported that the government of India is exploring the possibility of regulating cryptography.

At a formal government meeting organized by an interdisciplinary committee, a task force led by members of the Ministry of Economy and Information Technologies and the Ministry of the Interior, the committee decided in favor of regulating cryptocurrency using strict rules.