In April 2018 the Reserve Bank of India (RBI), India’s central bank, had ordered financial institutions to cut ties with individuals or businesses dealing in cryptocurrencies like Bitcoin.
On March 5th 2020, India's Supreme Court lifted Indian’s cryptocurrency ban. In the months since, Indian crypto exchanges have seen a huge surge in trading volumes and investment despite a significant contraction of the Indian economy caused by Covid-19
https://bravenewcoin.com/insights/india-lifts-ban-on-bitcoin
