India is looking to ban bitcoin as a method of payment. Meaning they are just trying to protect the interests of their future CBDC. People in India will NOT be banned from buying or selling bitcoin. The government has NO interest in banning bitcoin as an asset.
I am not yet fully sure on what this is all about, but this particular topic of India banning cryptocurrency has been discussed several times in this forum. I saw a topic yesterday that was opened by someone, and he claims that the Indian government has only banned people from making use of Bitcoin as a method of transaction, but people are free to own bitcoin as an asset and they can buy and sell it. So, I don’t really know whether this news of the Indian government banning cryptocurrency is correct or not, I think they’re not really going to ban it completely, but would allow people to own it as an asset like the person have said.