Modi's black money policy causes surge in bitcoin demand
The Indian government's decision to demonetise two currency notes has boosted interest in bitcoin and other forms of cashless payment. Bitcoin's price is currently around INR 47,725 ($712), but rising demand has seen the digital currency trading at INR 55,735 ($818.70) in India. Mohit Kalra, CEO of Coinsecure, said the increased demand and shortage of supply for bitcoin in India have seen prices rise compared to global exchanges. Sandeep Geonka, co-founder of Zebpay, said his bitcoin exchange is adding about 50,000 new users per month.

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