Ministry of Finance has the final authority for money and financial matters. Have a look at USA China trade war where Donald Trump has put $150 billion tariffs on Chinese imports.
Looks like China is the next to ban Bitcoin
China has banned & unbanned bitcoin about 10 times
ROFL!! The scenario in China can never become clear. I don't really understand when are they going to take a stand for a firm decision.
However let's talk about this good upcoming news from India. This is very good that a petition was filed in the High Court with the very much reasonable point. Now what I think the court would have to take a decision in favour of the aggrieved because they have got a very valid point. And if the judicial system in India is not biased like many of its governmental departments that are corrupt, I think justice will prevail and power of truth will win.
And this event is also going to create a storm of new media events as they are jot going to remain silent. This will in turn be affecting the prices in the market.