Yes and further I think every single bullet point can be said about regular money.

Banks are not invulnerable to hacking.

If you get hustled for your pocket money in the street then the police will have to find the perpetrator with any means at hand. Just because it's an electronic currency does not mean anything is different here.

Are they trying to say that every single Indian citizen could withdraw their money as gold or some equally valuable substance that they can equate to cash money in society?

Wealth truly knows no god and no master, nor any border.

Beware of the propaganda, fear what you don't understand.