As discussed in other thread I don't think they will implement any strict laws against anything until the next PM election which is supposed to happen next year after that we may see this can be implemented unless the world adopts the cryptocurrency more, so the government will be left with no other option that follow the trend of other developed nations.
That could be the case! But Modi is not really dependent on the votes of educated youths. So I am not sure if the government will wait for that long. I am pretty worried and eagerly waiting for the budget on 1st Feb. I am sure some sort of indication will be there. But let's hope nothing bad will happen!
The government will eventually will bow down to RBI but I am pretty sure it won't happen this year. As central election is scheduled to happen in 2024 the government would not be willing to hurt any community. Already they have succeeded in reducing traffic to indian exchange. Most crypto investers and traders are already using international exchanges. This year would be safe and if any bad decision has to come it will happen after the election.
I hope all years are safe from the evil eyes of the government! But there are some specific reasons why the Indian government is not very positive about cryptocurrency. The committee they formed to study and suggest about crypto a couple of years back, they came back with the same suggestion to ban and also proposed punitive actions against crypto users. Now the RBI governor! Even though he is a puppet of the government, still his position is an impactful one.
