There is so much FUD going on around the world regarding cryptocurrencies. South Korea, Tether subpoenas and so much more.
However, It is India's turn to continue the FUD.
The news story on what happened is on
https://revoltmedia.org/india-finance-minister-causes-crypto-prices-to-drop/The Indian Finance Minister talked about his viewpoints on cryptocurrency.
He basically said he wants to crack down on "illegitimate activities" this might mean more government regulation.
It is becoming a recent trend for governments to increase regulations on cryptocurrency.
This are the factors we have to consider in investing in cryptocurrencies. This is the reality, that the government will try all there power to have control to the crypts. We just need to deal with that make certain adjustment and wait for the things to normalized again. It a process of evolving that until it reach to a normal state.