India Parliament Puns

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I’m new to crypto, so I apologize for my ignorance, possible mistakes and misconceptions.

As I understand India is set to ban many private cryptocurrencies during their parliament’s winter session, beginning deliberations of their new bill on Monday the 29th as I understand, but they might allow some coins in order to protect innovation and other values of interest given they want to develop their own government cryptocurrency.

Could the fall tonight of approximately $1600 at the time of this message from $59400 after such a nice climb, be related to Monday’s introduction of the bill into parliament?

What if BTC is not within the selected coins that will be allowed, would that mean it will be banned from India, meaning trading, holding and mining would be illegal like in China?

If that happens, that would probably cause a massive sell-off as it happened with China’s ban, correct? Or is the rest of the world kind of protected and that will only happen within Indian exchanges as it happened during this week when many coins fell approximately in average a 20%?

I appreciate any answer that could clarify my doubts and any recommendations, like wether to sell BTC now and wait for the deeper dip to probably double my holdings like it happened with China, or to hold, which at this moment and given my doubts seems very scary.

Thank you very much!