The Indian government has restricted trading of crypto in India. It's not banned though but the local exchanges have figured out the method to trade using p2p mechanism. So, what do you guys think will it have an impact on the whole crypto market?
No matter there is a limit on the important Bitcoin trade is not banned, so people in Indian country can still trade using Bitcoin.
I think the problem in one country alone will not affect the market price, Bitcoin is worldwide, it will not fall by just one country.
the mechanism of P2P could be the reason the Government of India to be able to legalize Bitcoin, so that the economy in India can be evenly distributed.