A source close to the Indian regulators disclosed that India may have a complete ban on encrypted currency transactions and implement similar regulatory measures with China.
Who's that source then? As long as you are not providing any link or proof of conversation about this FUD, it will remain as a FUD.
And don't believe to that source if he can't show you some articles or papers about those Indian regulators to support that they are planning to completely ban cryptocurrencies.
I won't believe on this such thing, don't bring some fear to the Indian community about this and as well as the whole crypto community.