apparently this rumour originated in India, no? are they doing this because they couldn't ban cryptos at all? i could see this causing some panic among crypto users in India which escalates into a massive selloff like the one we're seeing right now.

Man, we went from china being the main hub for crypto FUD to India now taking that spot. Well, sooner or later the market will get tired of the same bs over and over again and will no longer care about the news coming from india, just like it did with all chinese crypto related fud (for those who don't know, there was a time when even the stupidest fud coming from china would cause a crash). Who do you think will be the next big fud central? some european country? another big player from asia?