Bitcoin exchanges in India have been able to operate but they have been self-regulating using strict Know Your Customer and Anti Money Laundering measures
https://veratad.com/solutions/identity-verification/ in place. These areas will now fall under government regulation. Funny side note--a member of the parliament in India likened Bitcoin to a Ponzi scheme as recently as March of this year. Pretty wild. "In a letter to the Finance Ministry and the Reserve Bank of India, Somaiya explained that Bitcoin is a pyramid Ponzi-type scheme. However, Somaiya was criticized for his inability to understand the structural and fundamental difference between a Ponzi scheme and Bitcoin."
That's good news and I'm happy to hear it for the Indians. Currently in my country he says Bitcoin is being banned, somehow it will be in the future. And I also do not know what part is forbidden, whether it is the transaction or its use. However, I am not afraid, I still collect Bitcoin as much as possible and still invest. I think Bitcoin has become an important part of my life because I want to make Bitcoin a tool to improve my family's economy. I hope this investment can work even if it takes a long time and a lot of capital. I hope my country can also open minds about Bitcoin and start managing it well. With so many people will get profit and the economy of this country could be better.