India has virtually banned cryptocurrencies as the central bank of India as barred providing services to any company like exchanges dealing with cryptocurrencies like Bitcoin. When a similar incident took place in South Korea and China, how did the traders there managed to trade?
You misunderstood the news. India doesn't really banned cryptocurrencies as a whole but the banks aren't allowing any transaction that's related/connected to crypto. People there can still use bitcoin and other cryptocurrencies as well.