Here's the link from which I gleaned this particular nugget:
https://qz.com/india/1418897/after-strangling-bitcoin-india-may-launch-its-own-cryptocurrency/amp/The particularly relevant part runs as follows:
The panel is also discussing amendment of the Currency Act to make possession of any cryptocurrency, not approved by the government, a punishable offence, said the government official.Happy days ahead for Bitcoin if it ends up on the "approved" list, as I guess it well might. Reason: too many Bitcoin hodlers in the political class and the bureaucracy!
We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin and only those governments can regulate the activities of bitcoin who has legalised its transactions in their nation and I think this thing needs to understand by entire world that to stop the illegal use of bitcoin the only way is the centralised it all over the world and India is one of the country who is in against of bitcoin and still making laws against bitcoin.