Wow. This sucks.
If a blanket order comes from RBI to stop all transactions related to cryptocurrencies then we'll have to go back to trading through cash on localbitcoins.com.
I don't think it'd be that bad except that a lot of people who are in this for multiplying their investments will be either forced to sell-off or increase their vision.
The only problem is that there is only a very small percentage of Indian users who care for cryptocurrencies for the sale of cryptos. They all want a quick buck by investing in ripple or scam MLM's propagated by people like Amit Bhardwaj on his
website.
Maybe a blanket ban will solve this problem even if by only a small measure.