There has been report that Bitcoin is attribute to what Modi done recently.
Interestingly, Ali Baba is also in the payment industry now from what I learn.
OK, even some shops in Chinatown in Singapore accept AliPay. That's something. :-)
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Personally, I believe that the price action of Bitcoin has little to do with the narrative of demonetisation in India. As I mentioned in my article, it's going to be difficult to justify capital flight to bitcoin or other commodities when most of your assets are in non legal tender.
Probably. Now, USD has appreciated and also affect people's spending in Singapore.
http://www.todayonline.com/business/singapore-shoppers-check-spending-us-sites-after-spike-dollar