Yes, unfortunately, the media still play a big role in crypto since they can manipulate investor sentiment. If they want to pump Bitcoin, they will publish good news and the opposite if they want the FUD because the crypto market is very weak against the bad news. In addition, market makers will take the opportunity to manipulate the price since the media will make it easier so it is a win-win situation for both of them.
Yup this kind of fake news will make new users to get panic and it will make them take wrong decisions. and the people will quickly believe whatever news published in media.
You take this news to let me go to sell in panic , no way !I have read so much bad news recent years, nothing could beat BTC and me , I am a BTC believer.
You have a strong belief in Bitcoins so you are not going to do any panic sell and I think you are in this market for a long time, that's why easily you will not believe any news. But new users 100% they will get panic after seeing this news in media.
One thing is sure that Bitcoin trading is not illegal in India, you can trade.