Trying to regulate cryptocurrencies seems like a mistake since they were created to allow us the freedom to use them at any time and without restrictions of any kind. Here in Venezuela the national government tried to control it but finally they decided not to, I don't know what the reality of their country (India) will be.
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As far as I can see it, they going to put some taxation....regulating or putting a restriction is not possible...as there are already millions of amount invested by many people....hopefully we will get clarity by end of March.
BTW...it would be I tethering to see Venezuelan perspective on the co test...hope you make an entry with some more insight on this topic.
of course I will look for information and make my entry