Actually the ones banning these governments are the bankers, because they are threatened by the loss of customers, because investors will switch to crypto investment because in crypto the absolute advantage is taken by ourselves, and the government that understands about crypto will always support, because for the sake of economic progress its people.
And due to the fact that the government did not give tax, the government, through the bank, gave all kinds of lanes and banned it.

I don't know how true this is. I have a feeling it is just a rumour but so far it has generated a lot of fud in the past few months. India will miss out if the parliament succeeds in banning cryptocurrency and bitcoin. Very wrong of them to do this at a time when the rest of the world is considering its adoption

if this real then what will happen to the new ICOs from india? i can see nowadays more and more ICOs popup from india. what a huge loss for india. im hope it will not be real. sad to hear more and more countrys banning cryptocurrency.

With these prohibitions we can never go. It's like an activity that was designed to keep the price of Bitcoin constant. Forbidden news comes in succession. It's not nice.

Finance Minister of India said to his statement that btc and other cryptocurrencies are illegal in india.He doesn't said this ban,so it doesn't mean to stop crypto.If btc pay it's tax in due time then there are no problem use it till.

Furthermore, we must first understand the limits given by the government regarding the use of bitcoin in which aspect. Since most governments only forbid bitcoin to be used as a means of payment, that means bitcoin can still be used as an investment tool or commodity.

I have heard of it. Yea it is true. India has banned bitcoin. I wish one day The Government will welcome bitcoin. The day will be near.  

well i saw a piece about the rumour also about bitcoin ban in india but till date nothing has come up though there are few restrictions for the now. i believe in the days to come it will become clear whether bitcoin will be banned or not

It's important to note that the RBI is the one that put up the restrictions regarding regulated banks not being able to trade with essentially any crypto exchanges, or businesses that accept crypto. That is not a "bitcoin ban". The RBI has no power to prosecute individuals or businesses for using bitcoin. But they do have the power to unlicense banks if they don't comply.

You won't get taxed for keeping bitcoin, but there are rumours currently circulating about India trying to implement a 18% VAT on bitcoin.

Essentially, they are regarding bitcoin as a good. And that may result in worse tax rates for traders, in the long run. But this isn't yet in place.

means the news is wrong, because the Indian government did not approve of bitcoin as a legitimate payment transaction. so in the information we also need to be careful. because everything is not necessarily true