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.eceGoogle for more news links.
Yes, There are some preventive measures taken to deal with the situation but still it is one of the masterstroke 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?
Best
Dudeperfect
Now all of these are small notes.so if you are going to buy 5,000 worth of goods,you will need to carry loads of 50's in your wallet and if you are going to buy something worth 50,000 now you need to carry a basket or a check to do that I hope it will not happen here in our place.