The ban has partly indirectly affected the development of bitcoin as well as cryptocurrencies, but I think even if it is banned, it will develop in a different direction like the underground development that the government is difficult to intervene.
The situation in India is sad - fines and imprisonment from one to 10 years are waiting for those who deal with crypto. What is curious, the country is developing the official digital currency - the digital rupee and is actively promoting blockchain platforms for the development of the digital economy. Experts predict that restriction of cryptocurrencies will lead to a drop in the Indian market of about $ 13 billion.
We need to,reect that decision of indian government to make their own coins using blockchain, if they start that project possible realize the import of gigital currency how it work using this new technology and possible the government join and tie up their own coins to crypto currency.
But for me hard to encourage people of india stop using bitcoin, the can use their anonymity and they can transac to the other companies to use bitcoin paymant for inline shooping with any kyc requirements.