10-year jail for buying, selling cryptocurrency in India: Report Selling, buying and/or mining cryptocurrencies will be considered a non-bailable offence, according to the new bill.
How would it be to get back to the beginning of this thread and start to read what some members write in in their comments? It's just about a proposal, there is no law in India which is in effect.
1 bitcoin $3000 or $7000, who will buy Bitcoins in India and China ??

$3000 = INR 210,000. Only "Amitabh Bachchan" will buy Bitcoins in India.
China is on second place in the world by number of
millionaires, they can buy all bitcoin in the world if they want. Your assumption that someone has to buy one whole
BTC is one big misconception, you can buy just few $ of coin.
India is have
330 000+ millionaires today, and that number can reach up to 1 million of millionaires by 2027.
Start reading with understanding and stop writing nonsense.