{"id":8631,"date":"2021-06-23T08:09:27","date_gmt":"2021-06-23T08:09:27","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=8631"},"modified":"2021-06-23T08:09:27","modified_gmt":"2021-06-23T08:09:27","slug":"indias-crypto-cold-war","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/indias-crypto-cold-war\/","title":{"rendered":"India&#8217;s crypto-cold war"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The Reserve Bank of India (RBI) has been at odds with India&#8217;s crypto business for quite some time. The relationship between the two is best defined as adversarial. Because the Reserve Bank of India is concerned about India&#8217;s ability to absorb financial shocks, it has repeatedly pointed out the drawbacks of adopting <a href=\"https:\/\/trade.buyucoin.com\/markets\">cryptocurrencies<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The sector, on the other hand, has interpreted RBI&#8217;s reaction as exaggerated. India has been unusually aggressive in its approach to <a href=\"https:\/\/trade.buyucoin.com\/markets\">cryptocurrency<\/a>, forming a high-level intermediate committee to report on the subject.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2019, this council proposed that India implement a blanket ban on private cryptocurrencies, putting crypto investors on the wrong side of the law.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Source: <a href=\"https:\/\/www.livemint.com\/opinion\/online-views\/theres-no-easy-victory-in-the-country-s-crypto-cold-war\/amp-11624290695992.html\">mint<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) has been at odds with India&#8217;s crypto business for quite some time. The relationship between the two is best defined as adversarial. Because the Reserve Bank of India is concerned about India&#8217;s ability to absorb financial shocks, it has repeatedly pointed out the drawbacks of adopting cryptocurrencies. The sector,&hellip;<\/p>\n","protected":false},"author":11,"featured_media":8633,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1102,63,999,635],"class_list":["post-8631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-crypto-cold-war","tag-cryptocurrency","tag-investors","tag-reserve-bank-of-india"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8631"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8631"}],"version-history":[{"count":1,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8631\/revisions"}],"predecessor-version":[{"id":8632,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8631\/revisions\/8632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8633"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}