The value of several digital currencies reportedly dropped following the announcement of the bill. Whereas, Bitcoin fell more than 13% on the Indian exchange site WazirX, while Shiba Inu and Dogecoin both dropped more than 15%.However, Glen Goodman, author of The Crypto Trader, told the BBC's World Business Report radio programme that the global impact was "relatively small"."Even when China decided to ban cryptocurrency - and that was a really big deal - it didn't completely massacre the crypto markets," he said According to a video report by local news publication India Today, Cryptocurrency trading is likely to continue under the proposed bill, as long as users buy from exchanges which meet certain requirements.