"Top Indian officials have called cryptocurrency a “Ponzi scheme”," probably has something to do with it. CNBC as well says "The measure is in line with a Janua

"Top Indian officials have called cryptocurrency a “Ponzi scheme”," probably has something to do with it. CNBC as well says "The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency." [1] 1: https://www.cnbc.com/2021/03/15/india-plans-cryptocurrency-ban-will-penalize-miners-and-traders.html https://www.cnbc.com/2021/03/15/india-plans-cryptocurrency-b...