\u201cBanning cryptocurrencies is a regressive step and no country or government should ban a new technology such as this.\u201d<\/em><\/p>\nIt is worth noting that the panel expressed positive sentiments about the underlying blockchain technology saying that it was good as opposed to cryptocurrencies. This seems like a contradiction but points to the fact that the panel appreciates the innovation but eschews the use of cryptocurrencies to try and replace the official Indian Rupee.<\/p>\n","protected":false},"excerpt":{"rendered":"
The fight by the Indian government against cryptocurrencies in the country continues with the latest recommendation by a government panel to the finance ministry to effect a blanket ban against all cryptocurrencies not created by the government and \u2018purporting\u2019 to act as currencies.<\/p>\n","protected":false},"author":4,"featured_media":7002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,74,88],"tags":[4594,4656,4725,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/15883"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=15883"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/15883\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/7002"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=15883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=15883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=15883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}