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Bitcoin Demand Continues to Rise in India as Cash Reserves Run Dry

By Jamie Redman Apr 18, 2017 3:00 PM EDT

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This week all eyes are watching India as citizens are having trouble accessing cash reserves as ATMs run dry throughout the country. Alongside these troublesome economic times, bitcoin trading is increasing substantially in India, as the country is one of the hottest bitcoin regions in the world right now next to China and Japan.

Also read: Bitcoin Adoption in Thailand Led by Tourism Industry

Banks and ATMs Run out of Cash Throughout India

Right now there is significant demand in India for cash as banks and ATMs within the country are currently experiencing a shortage of physical notes. According to regional

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