The finance minister Nirmala Sitharaman said they'll provide a window of experimentation for cryptocurrency in India.
She's literally the top official of the Modi government of India.
The FUD, which was spread by Reuters was based on "Anonymous" top official of the government. The Reuters article has spread like wildfire. https://www.reuters.com/article/uk-india-cryptocurrency-ban/india-to-propose-cryptocurrency-ban-penalising-miners-traders-source-idINKBN2B60QP
The article has no basis other than some anecdotal reports.
I'm an Indian and I will continue HoDLing.
Reuters has just lost their reputation
Edit: Thank you for the awards. This community is the best.