The government of India starts one of the biggest economic experiments of all time; the country has started to withdraw most of the cash in circulation. This might provide a boost for the Indian Bitcoin economy.
On November 8, India’s Prime Minister Narendra Modi announced that all bank notes bigger than 100 Rupee (around $1.50) will be withdrawn from the financial system overnight, that is the 500 and 1,000 Rupee notes. These notes make up to 86 percent of the whole cash in India, as the BBC reports...
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