To me it seems that they do not have a negative effect on users but on legal businesses residing in India.  I would suppose non Indian businesses are not affected by their decision.  If they are, I assume they are going to shut down their activity in India and stop accepting registrations and logins from over there.  Because if I was a Belgian Exchange, I would see it pointless to now start focusing partially on reporting to Indian authorities unless a vast majority of my clients were from there.

Just my assumptions however.

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Regards,
PrivacyG