I don't understand , first they almost banned trading / exchanges in India then they allowed exchanges without any framework. Horde of people have already invested through those exchanges.
From news so far, it looks, they want to regulate it like Fiat currency ie. you can't do anything with crypto without informing Govt. else face prison term. So wan't to BAN crypto but don't want to BAN (atleast it should appears to not banned) .
The Indian government has reportedly proposed banning the use of cryptocurrency for payments and setting a deadline for investors to declare their crypto holdings. Mining is also going to be illegal.
What, so now India is becoming China on this as its impossible for India to be China in other fields (like development and power). Next thing will be banning internet as then only it is possible to ban crypto in Real.
Wait for the bill to be presented in the parliament. These are all speculation created by the media house to increase their revenue. None of them knows what will happend as they are getting these information from their so called sources. When the bill is presented we will know the actual information.
