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A comment on How to Lose $3B of Bitcoin in India. Parent comment
Fact 1 : 86% cash of the currency in circulation was made invalid
Fact 2 : Unaccounted income in cash is approx. 3%
Once you combine Fact 1 and 2, you'd know where this goes. Anyways, NPR has two podcasts on this [0,1].
[0] https://text.npr.org/s.php?sId=527803742
[1] https://text.npr.org/s.php?sId=528181998
PS: I recognize your username from /r/india!
Fact 1 : 86% cash of the currency in circulation was made invalid
Fact 2 : Unaccounted income in cash is approx. 3%
Once you combine Fact 1 and 2, you'd know where this goes. Anyways, NPR has two podcasts on this [0,1].
[0] https://text.npr.org/s.php?sId=527803742
[1] https://text.npr.org/s.php?sId=528181998