Bitcoin will never be banned. Both the people of India and the leaders alike have realized that crypto currency cannot be dismissed easily. The govt. of Kerala, a state in India has already made plans to introduce blockchain based services and it was in the news, worldwide. Also, the people of India have invested millions in crypto as seen from the exchanges which are increasing rapidly.
There may be regulations and even if banks withdraw, other companies like paytm will enter the field. Exchanges like wazirx has started a p2p and koinex is all set to introduce loop. Koinex is a big name and its customers will definitely not lose trust easily. The govt. will realize this sooner or later and be among the first to embrace the new technology.
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