Rumors of an India crypto ban have indeed influenced market sentiment, though the impact varies. Reports of potential bans, like those in 2021, often trigger short-term price drops on Indian exchanges, as seen with Bitcoin falling over 13% on WazirX after a proposed bill surfaced. The Reserve Bank of India's persistent warnings and high taxes (30% on gains, 1% TDS) have fueled uncertainty, dampening investor enthusiasm. However, global market resilience—evident after China’s ban—suggests India’s actions may not drastically sway crypto prices long-term. Analysts note that while fear spikes locally, adoption continues, with India ranking high in crypto growth. The lack of a finalized ban, coupled with calls for international collaboration, keeps sentiment mixed—cautious yet hopeful. As of March 18, 2025, no outright ban exists, but rumors still stir unease.