India has just announced the demonetization of all 500 and 1000 rupee notes. This happens tonight.
Has something like this ever happened before?
How would I make money off this?
http://thehindu.com/news/national/live-narendra-modis-address-to-nation/article9320548.ece
Invest in indian banks. Many indians do not trust the government and banks so they have been saving money at home, especially in large notes.
This will force them to go to banks and fuel their loan programs.
>>1606557
Indian here, what this anon is saying is basically true.
It's mostly a shot on the people who have black money. The reason being they usually have shit load of notes hidden in their house and if they try to deposit it in the bank they'll be questioned on how they got it. (Which would be from some shady business)
Already people are outside trying to get change for their 500 and 1000 notes. Honestly this is really amusing to me.
Would it be legal to set up an intermediary service that collects the notes no questions asked with a fee and then exchanges them at the bank?
>>1606656
>wanting to be charged as an accessory to illegal activies in poo-land
>wanting to go to poo-prison
You do know that you have responsibility as a business owner right
>>1606553
The people of India are adopting Doggycoin
>>1606671
>even his business idea is brown
>>1606677
All Indian is be buying Gold and shit.
Doggycoin much better than Kittencoin
>>1606671
How can I be charged if I genuinely don't know anything about my clients source of income?
>>1606741
Have you bought doggycoin?