Tell me how does the ban work?
if u have a graphics card , any recent one you can mine eth and get paid in bitcoin.
you can then spend that bitcoin online wherever its accepted. you can also send it to your friend.
No central bank/govt can stop you since they are not involved in that transaction.
When RBI banned crypto back in 2018, people were still buying/selling bitcoin using bank accounts on localbitcoin site.
Once something is made illegal govt can take legal action against those pursuing such activity. One may get away with it for a while but there is a very high probability of getting caught and penalized. I wouldnât put myself in such a position.
Also in a public ledger which is transparent to anyone it is not so hard to find out who made the transaction. In this tech world it wouldnât be hard to auto detect such activity.
if that is the case , then you would need to ban investing in US stocks as well, because some of the US stocks are holding bitcoin.
Is India ready to ban investing in US stocks?
The crypto bill will give clarity on how the regulations would be. In India as of now crypto funds are not allowed.
As for US stocks, its up to the regulator on how they see it. There are always grey areas here and there.
The bottom line is legal aspect is uncertain at this point.
Regulators serve their own purpose.
In any case , they have to legalize it or else India will be left behind.
Also FM making statements like its not legal even after taxation is very irresponsible and incompetent.
Look at this bitcoin holding by US companies.
Is FM saying that holding these stocks is NOT Legal?
Right now it is not illegal. But it will be so if Crypto bill puts it that way.
But that is what I m saying.
They cannot make it illegal , considering that companies are now involved in it.
Currently it is not illegal. But they can make it illegal. That is what I was pointing to.
After seeing stuff like this. need guts to trust crypto 
Clickbait content at its finest!
To all the guys active in this thread and will be active in the future, Iâm interested to see their replies once these cryptos bubble is burst.
I read somewhere that fiat money will be doomed in future, hopefully it does
Better to trust crypto than this guy. Because we have fiat currency. It created by two ways
92% of above currency supply is created in the banking system(credit) than the central bank. So most of your money is Nothing but printed piece of paper and some numbers typed in computer. Thatâs it.
When currency supply expands inflation rises purchasing power is stolen. When currency supply shrinks deflation happens and purchasing power returns. Unfortunately under fiscal and monetary policy govt keeps printing like idiots with ever increasing currency supply
The reason crypto and gold can be trusted well is simple fact that you canât print it. Gold canât be printed and so is crypto, this is why they retain value. Central banks and the banking sector fear this a lot.
Watch hidden secrets of money by mike maloney in youtube. It explains monetary policy well
Itâs either worth something or itâs worth nothing.
simple analogy of gold & crypto
I am actually repeating myself over here. 
Was thinking of posting this in the âstock market humourâ groupâŚ.
Then, thisâŚ
Every person has a different view about anything but crypto can be trusted. Also, the government started regulating transactions related to crypto, so it is not an untrustworthy investment. However, due to high volatility, it is hard to predict the value of cryptocurrencies.
Trust is needed to a certain extent to get started with crypto trading. No one would invest their hard earned money in something they donât trust unless they are gamblers. I think those who trust crypto are actively trading or investing in them and those who donât just simply stay away from them. Both parties are doing the right thing from their perspective and investing is always a personal choice. Personally I do trust crypto currency and believe they have great potential for generating profits which has been proved to be true over the course of time. The market is risky and will witness ups and downs from time to time. But the trust will be intact as long as the crypto currency market manages to bounce back and recover.