I am not from India, but it is possible that the use of decentralized exchanges or P2P applications to swap crypto/crypto or crypto/fiat might become illegal in India. Since, Bisq is open source and P2P, as far as I know it would not make sense it can comply with the AML rules imposed by the Indian government.

Still, I would like to know the opinion of anyone living in India about the implication of this official Notification.