Hello There,
India bans top currency notes such as Rs.500/- and Rs.1,000/- to prevent black money. Now there are only three notes in circulation Rs.10, Rs.20 and Rs.50
http://www.thehindu.com/news/national/live-narendra-modis-address-to-nation/article9320548.ece
Google for more news links.
Yes, There are some preventive measures taken to deal with the situation but still it is one of the masterstrokes by India prime minister Narendra Modi against black money.
How do you see this action and what kind of impact this will create on the bitcoin in India?
P-S : Adding some news headline since this move, worth reading
1) No cash, no plastic: India's demonetised economy rushes towards cryptocurrency.
2) Indias rupee restrictions are boosting demand for bitcoin.
3) Digital Currency the New Normal, says Indian Finance Minister After Cash Curb.
4) Why Bitcoin Will Succeed in India in Just Two Years.
5) India Encourages Mission Mode Digital Currency Adoption.
Best
Dudeperfect
India bans top currency notes such as Rs.500/- and Rs.1,000/- to prevent black money. Now there are only three notes in circulation Rs.10, Rs.20 and Rs.50
http://www.thehindu.com/news/national/live-narendra-modis-address-to-nation/article9320548.ece
Google for more news links.
Yes, There are some preventive measures taken to deal with the situation but still it is one of the masterstrokes by India prime minister Narendra Modi against black money.
How do you see this action and what kind of impact this will create on the bitcoin in India?
P-S : Adding some news headline since this move, worth reading
1) No cash, no plastic: India's demonetised economy rushes towards cryptocurrency.
2) Indias rupee restrictions are boosting demand for bitcoin.
3) Digital Currency the New Normal, says Indian Finance Minister After Cash Curb.
4) Why Bitcoin Will Succeed in India in Just Two Years.
5) India Encourages Mission Mode Digital Currency Adoption.
Best
Dudeperfect