@mehta @dhanjkalita just to add to what you guys have said, there is this one possibility of "cartel" shorting bitcoin so as to buy cheap. also whales from india or institutional investor will never buy at high. so it was just an attempt to create fud(fear,uncertainity & doubt) so they can buy cryptos really cheap...and now that they have done that surely bitcoin will be regulated in india and these are indeed positive sign for indian crypto community.