You hit the nail on the head! There was so much FUD the last few days over this. Even in British media they were hanging onto the phrase India is banning cryptocurrency. They are actively spreading the message that cryptocurrencies are a criminal financial network and unwelcome. In reality, the asset bigboys and bankers are panicking because it is a direct threat to their influence. They will no longer be in control of the people, or be able to pin people down by imbuing them with debt, and the sudden realisation that power is finite scares them something silly. There is literally no way that cryptocurrency can be banned: it is a worldwide network spread across multiple platforms to ensure its continued success. I follow closely, John McAfee who is a real fan of cryptocurrency, and in his words he states that Bitcoin is not crashing, it is bending against the will of impotent governments trying to win back control through fear.