Please Read It Fully Before Commenting 
As you all know, 5 July onwards bank transactions associated with crypto will stop. I'm not panic selling crypto.
According to some news, crypto regulation draft will be presented in the parliament. So I think crypto will be regulated in India.
If crypto is regulated, what do you think I should do (given the constraints)
1. Assets over 2 Lakhs in crypto
2. Don't have any record of transactions (and can't make either, as I used services like Shapeshift)
3. Earned legally through faucets, bounties, giveaways, airdrops, etc.
4. No INR transaction till now related to crypto
5. Currently a student
6. Don't hold a PAN card
I don't want to evade the taxes. If assets are taxable , I'll pay the taxes.
The only thing I am worried about being wrongly classified as holding black money.
As you all know, 5 July onwards bank transactions associated with crypto will stop. I'm not panic selling crypto.
According to some news, crypto regulation draft will be presented in the parliament. So I think crypto will be regulated in India.
If crypto is regulated, what do you think I should do (given the constraints)
1. Assets over 2 Lakhs in crypto
2. Don't have any record of transactions (and can't make either, as I used services like Shapeshift)
3. Earned legally through faucets, bounties, giveaways, airdrops, etc.
4. No INR transaction till now related to crypto
5. Currently a student
6. Don't hold a PAN card
I don't want to evade the taxes. If assets are taxable , I'll pay the taxes.
The only thing I am worried about being wrongly classified as holding black money.
Dont sell your bitcoins now,this is just temporary ban ,safe your coins in some cold wallets and soon indian government gonna regulate cryptocurrencies .If you sell now you lose much,if you wait for 1 or 2 years you can really make big money out of your cryptos.