{"id":42950,"date":"2021-03-16T02:49:32","date_gmt":"2021-03-15T22:49:32","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=42950"},"modified":"2021-03-16T02:49:34","modified_gmt":"2021-03-15T22:49:34","slug":"india-could-soon-ban-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/india-could-soon-ban-cryptocurrencies\/03\/16\/market-updates\/","title":{"rendered":"India Could Soon Ban Cryptocurrencies"},"content":{"rendered":"\n<p>A new draft law in India could soon force a ban on cryptocurrencies, Reuters reported, citing government sources.<\/p>\n\n\n\n<p>The law would criminalize the possession, issuance, mining, trading of crypto assets, imposing fines on any violations, after a six-month grace period allowing investors to liquidate their digital assets.<\/p>\n\n\n\n<p>The Indian government reportedly plans to ban cryptocurrencies, like Bitcoin, and establish a new local official digital currency.<\/p>\n\n\n\n<p>Around 8 million investors in India have invested an estimated $1.4 billion in crypto-asset.<\/p>\n\n\n\n<p>The Reserve Bank of India has voiced concerns about digital currencies, despite calls for regulations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new draft law in India could soon force a ban on cryptocurrencies, Reuters reported, citing government sources. The law would criminalize the possession, issuance, mining, trading of crypto assets, imposing fines on any violations, after a six-month grace period allowing investors to liquidate their digital assets. The Indian government reportedly plans to ban cryptocurrencies, &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,6903,7153],"class_list":["post-42950","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-cryptocurrencies","tag-india"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=42950"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42950\/revisions"}],"predecessor-version":[{"id":42951,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/42950\/revisions\/42951"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31837"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=42950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=42950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=42950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}