Bitcoin got banned in India and China so Bitcoin is worthless in these 2 countries. People of India will lose $10,000 or $100,000 if they do not get buyers in other countries at $7000.
Bitcoin was never banned in China. Domestic ICOs and exchange businesses were. There is still a robust OTC market there.
Weekly Localbitcoins volume alone is in the 30 million CNY range. Not to mention the mining industry.
Some Indian legislators have proposed a bill. Nothing has happened yet.
Op was trying hard to scare few members around. Veteran traders and investors know that there are much more whale traders from China from the rest of the world combined. And I don't get why people always mislead others like this India proposal to ban bitcoin issue but the context that they spread seems like its already decided. I think China and India will stay in the crypto space for a long time and this is just one of the small bumps on their path.