RBI recently taken a step to ban transaction on INR with any cryptocurrency from any bank .Though they have given time of 3 months to settle down all the transactions of crypto through the exchanges and after 5thof JUNE, 2018 there will be no more BTC to INR transaction .
This seems to be a new steps from Govt of India to some people but in reality they were never ever supporter of crypto , so this is not a new step from their part.
now from that point I can draw the inference that Govt of India is allowing Crypto currency trading , even if any one do crypto to crpto trading it is not illegal in India, so there is the tweak from Govt.
They are asking people to trade on crypto and buy or sell outside of India , and then they can be transfereed to Indian bank i.e. Govt will be able to get some forex tax as well as the tax on income , so by and large it is profitable situation that previous.
I think the opereting excahnges are also thinking some alternative solutions to their huge customers and they must come up with such a way so that peple can easily continue the process of buying and selling like before.
There is another news that Govt is also trying to bring their own currency in teh crypto market , it is also a light at the end of tunnel to the btc trader that, if this happens then there must be allowence from Govt to trade Cryptos in fiat as well.
We all are hopeful n this matter as well.
I must request to my friends of India please please please DO NOT SELL your cryptos now, everything will be allright , just wait and watch paitently.