The currency was hidden deep in ingeniously designed false bottoms of the carry-on luggage, said an official release.
CoinSwitch Kuber founder and CEO Ashish Singhal said the industry has been actively communicating with all stakeholders keeping investor protection at the forefront.
Most well-known cryptocurrencies at the time of writing the article were trading 8-12 per cent lower than 24 hours ago with Bitcoin prices falling by Rs 5 lakh, or 12 per cent, in the past 24 hours.
The Centre plans to bring a bill in the forthcoming winter session of Parliament to prohibit all private cryptocurrencies in the country but with certain exceptions.
Repeal of farm laws, cryptocurrency regulation: Modi government lists 26 bills for upcoming Parliament session
The Cryptocurrency and Regulation of Official Digital Currency Bill seeks to ban all but a few private cryptocurrencies to promote underlying technologies while allowing an official digital currency.
These also include a bill to repeal the three farm laws, a proposal for which is to be discussed by the Union Cabinet on Wednesday.
Amid concerns over cryptocurrency, Prime Minister Narendra Modi had chaired a meeting on November 13 to deliberate on the way forward.
It is a sad commentary that a most responsible body like RBI has said that it is neither legal nor illegal, says Pamarty Venkataramana, eminent international corporate lawyer
At the same time, the Reserve Bank of India is looking at issuing its own official digital currency.
The panel met leading players and representatives of the cryptocurrency players on Monday and asked them to explain their functionality, risk to investors and internal regulations.
Cryptocurrencies have become a headache for policymakers across the world.
The RBI has repeatedly reiterated its strong views against cryptocurrencies saying they pose serious threats to the macroeconomic and financial stability of the country.
The market capitalisation of the global crypto market has already hit $3 trillion. In India, one of the crypto exchanges WazirX has recorded a trading volume of over $36 billion in 2021
One of the crypto exchanges WazirX has recorded a trading volume of over $36 billion in 2021 with an average of 44% month-on-month growth.
The value has reached $3.007 trillion (2.6 trillion euros), said CoinGecko, which tracks prices of more than 10,000 cryptocurrencies.