In my own opinion, these lawmakers are just plain stupid and are one-sided idiots. Theyre focusing on the bad side of Bitcoin and cryptocurrencies rather than looking on the real use cases and benefits of it.
the government of India knows about the advantages of bitcoin and exactly why they know about the advantages of bitcoin that they want to implement this law. Bitcoin is decentralized and this may influence the people of India to think differently, to demand more liberties and rights ... Not to get too attached to religion, to know how to choose their government well. And since the government does not want to give freedom to its people, because that means less power, so they will not accept bitcoin