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What would be effect of 500 and 1000 Rs notes ban?
Did the ban have any impact on the use of cryptocurrencies in India?
There are reports that the 500 and 1000 Rs notes ban led to a surge in cryptocurrency transactions in India, as people looked for alternative ways to store and transfer their wealth. However, there were also concerns about the use of cryptocurrencies for illegal activities like money laundering and terrorism financing.