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Indian government’s attempt at demonetization results in higher demand for alternative assets. The premium that Bitcoin commands in the Indian market has widened.
How 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.
Demonetisation has led to people dying, long queues at banks and an air of uncertainty about India’s future.
In a shock move the government of India demonetised the highest denomination banknotes in the country.
With the Government’s demonetization drive resulting in chaos and a rush for cash, Indian are turning to God to tide over the crisis.
As 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.
Number of Bitcoin users in India has increased by 100% over last week.
Abhishek Bhandari of AsiaDigiCoin on how the ongoing demonetization in India that has ruffled many feathers profits digital currencies.
India’s demonetisation has turned into a masochistic exercise where there is no end to pain and suffering in sight.
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