Analysis
A wave of demonetization has hit YouTube content creators but there is help in sight.
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Demonetization News
Demonetization is a process of invalidation a currency’s status as legal tender. Demonetization mostly takes place after changes of national currency, when the former form of money is pulled from circulation and is replaced with new type of coinage. Demonetization can have a huge impact on a country’s economy, especially when that country is strongly cash-dependent. Demonetization also has an impact on Bitcoin and other cryptocurrencies. Citizens can massively turn to cryptocurrencies when the country performs demonetization wrongly and loses the trust of the population. The relationship between demonetization and Bitcoin became an important topic after India’s demonetization of 500- and 1000-rupee notes, as Bitcoin grew substantially after the demonetization and cryptocurrency exchanges stated that Bitcoin showed increased demand in India.
Governments are stepping up their attacks on citizens’ privacy with sophisticated methods. Fortunately Bitcoin can’t be censored.
50805Bitcoin has been around the fringes of financial markets for less than a decade, but is slowly gaining prominence as an alternative asset class. Can the government of any major country step in and do the unthinkable – ban Bitcoin?
114420- Adoption
Popular Bitcoin wallet provider, Blockchain has announced a tie-up with Indian exchange Unocoin.
10738 Shivcharan Singh Maran left 50,000 rupees (Rs) in 500 Rs banknotes for his family before he passed away. The bundle of cash was rejected by the Reserve Bank of India (RBI).
632Demonetization in India has lead to erosion of confidence in the system but not in the leader.
1365Demand for Bitcoin and alternative currencies grows as Indian government changes demonetization goal posts each day.
1323In the week the country’s Senate advised the scrapping of its highest value banknote, Pakistan’s Bitcoin trading volume has shot up almost 400%.
2698Indian mainstream media and news networks have begun to extensively cover bitcoin amid ongoing crackdown on gold.
1191The war against cash in India seems to be just like most government policy directions - total fiasco.
783Embattled Venezuelan President Nicolas Maduro announced on Sunday that the 100-bolivar bill will be decommissioned.
2233India’s demonetisation has turned into a masochistic exercise where there is no end to pain and suffering in sight.
4074Abhishek Bhandari of AsiaDigiCoin on how the ongoing demonetization in India that has ruffled many feathers profits digital currencies.
1270As Bitcoin finds new favour among Indians, India’s Unocoin launches new Bitcoin application for both the iOS and Android platforms. Bitcoin has hit new highs in India since demonetisation occurred November 8.
1870How do you take the hatchet to one of the fastest growing economies in the world? Simple: Remove 86 percent of the circulating currency and call it an anti-corruption measure.
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