RBI can surely ban Bitcoin any time they want. But they will give you a timeline to come out of your accumulated Bitcoins. However, you will have to file your taxes in a very diligent way. So you will get a time to sell off your holding before the ban comes into effect.
But honestly, I don't see it happening. A blanket ban is highly unlikely to happen in India now.
Fact that RBI already got one backlash after placing a blanket ban, they will likely not burn their own faces again with a similar fiasco.
In am sure the people who run the show there have understood that bitcoin by design, cannot be banned by a country's central bank.
Yes I think so too. Also Trump becoming president of US will impact the decision if RBI is even planning such bans. I hope the south block understands now that they can't control cryptocurrency at all. That's why they have imposed 30% tax on it, which is absurd. I hope Indian government will have the way for crypto adoption India in coming years. But my only concern remains the tax Percentage. It's not sustainable!