In theory this is possible however it is a theory and far from reality.

In a country where there are multiple levels or authority and each one interprets and implements their own rules some of which are real and some notional this leads to a state of flux and confusion. The end result is pretty dangerous for the end user.
Even though it is impossible to Ban crypto yet there are endless roadblocks for the end users.
From tax notices to accounts getting blocked and the notional possibility of possible legal consequences there are plenty of road blocks that can a pain in the neck for the common person.