India could well ban Bitcoin and other cryptocurrencies with the passing of the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, in the parliament.
Investors can choose to move their crypto assets to self-custody wallets, which are digital devices in the form of USB drives, micro SD cards or smart cards. These devices store the investors’ private Bitcoin key or keys. Some of the popular hardware wallets for storing bitcoins include Ledger, Trezor, SafePal and BitLox