Here in India, the price is 3% to 5% lower than the international market price, as users are wary about the incoming ban from the government. In most of the P2P platforms, there is a lot of selling pressure and the volumes are also low. Many of the vendors have also deactivated their account in these platforms (local KYC-compliant exchanges are also showing a similar discount and reduction in trade volumes).
Are the a lot of miners and mining farms in India? What part of worlds trading volume do Indian trader make? I've never checked that. If cryptocurrency in India becomes illegal, do you think it would impact on Bitcoins price?
I see that Bitcoin price got pumped by Elon Musk, and now slowly is going down to. If Indian situation turn negative, I guess its price might even go below $40k.