No, India has only banned 500, 1000 notes. In exchange of 500 and 1000 we are being 2000.
Actually it was a really big step to bring down the black money .
And what do you mean by 'just banned', they were banned 10 days ago.
This can not have much effect in Bitcoin. For Indians, there are hardly place that would accept Bitcoins for online or offline goods. However, from this a company 'Paytm' has increased its business by 300%.
So, India isn't behind Bitcoin rise. However, India can be behind ICN rise.
