From what I read on Marketwatch, the Indian government banned crypto currency. I think they tried to tax it and it wasn't working so this was the next step. Whether or not they'll be able to enforce this is another issue.
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Yea they didn't ban anything. They said they are going to regulate it and prevent bad actors from using it for nefarious activities.
Are they going to prevent bad actors from using cash/credit too? what a joke.
Yes. They severely restricted the amount of cash in the economy, they pulled all the big paper notes out and forced everyone into digital currency - so they can track everything that happens