{"id":171747,"date":"2022-03-02T20:11:54","date_gmt":"2022-03-02T14:41:54","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=171747"},"modified":"2022-03-02T20:11:54","modified_gmt":"2022-03-02T14:41:54","slug":"rbi-ought-to-take-a-balanced-view-on-cryptocurrency","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-ought-to-take-a-balanced-view-on-cryptocurrency\/","title":{"rendered":"RBI ought to take a balanced view on cryptocurrency"},"content":{"rendered":"\n<p><strong>News:\u00a0<\/strong>While it is right to be concerned about cryptocurrency, but RBI&#8217;s move to ban crypto and refer it to the Ponzi scheme lacks balance.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Read here:\u00a0<a href=\"https:\/\/forumias.com\/blog\/the-cryptocurrency-deception\/\" target=\"_blank\" rel=\"noopener\">The Cryptocurrency deception<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><strong>How crypto is beneficial?<\/strong><\/h5>\n<p>Crypto could save in remittances transfer as India received 87 bn dollars and remittance charge alone cost 30,000 crores. Crypto with near-zero fees could be useful here. Cryptocurrencies are also powering new innovations like Maharashtra State Board of Skill Certification verification based on Ethereum and NFT (Non-Fungible Token) by media houses.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Read here:\u00a0<a href=\"https:\/\/forumias.com\/blog\/regulation-of-cryptocurrency-timeline\/\" target=\"_blank\" rel=\"noopener\">Regulation of Cryptocurrency | Timeline<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5><strong>How the RBI&#8217;s move on banning cryptocurrency is not justified?<\/strong><\/h5>\n<p>RBI does not clarify how cryptocurrency is going to actually \u201cwreck\u201d the economy. There was also no reasoning on how a crypto ban in India would solve any of the problems cited that regulation cannot solve.<\/p>\n<p>Also, Citizens should have the right to participate in a new technology wave and be part of the Fourth Industrial Revolution<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><strong>Read here:\u00a0<a href=\"https:\/\/forumias.com\/blog\/cryptocurrency-trade-braces-for-rbi-ban\/\" target=\"_blank\" rel=\"noopener\">Cryptocurrency trade braces for RBI ban<\/a><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Source:\u00a0<\/strong>This post is based on the article &#8220;<strong>RBI ought to take a balanced view on cryptocurrency&#8221;\u00a0<\/strong>published in the <strong>Livemint <\/strong> on <strong>2nd March 2022.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:\u00a0While it is right to be concerned about cryptocurrency, but RBI&#8217;s move to ban crypto and refer it to the Ponzi scheme lacks balance. Read here:\u00a0The Cryptocurrency deception How crypto is beneficial? Crypto could save in remittances transfer as India received 87 bn dollars and remittance charge alone cost 30,000 crores. Crypto with near-zero fees&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-ought-to-take-a-balanced-view-on-cryptocurrency\/\">Continue reading <span class=\"screen-reader-text\">RBI ought to take a balanced view on cryptocurrency<\/span><\/a><\/p>\n","protected":false},"author":5480,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,10501],"class_list":["post-171747","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-live-mint","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700794295,"cached_date":1704904812},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/171747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/5480"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=171747"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/171747\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=171747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=171747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=171747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}