{"id":24321,"date":"2017-04-07T07:28:57","date_gmt":"2017-04-07T07:28:57","guid":{"rendered":"https:\/\/www.edristi.in\/?p=24321"},"modified":"2017-04-07T07:28:57","modified_gmt":"2017-04-07T07:28:57","slug":"recognition-bitcoin-digital-currencies-money","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/recognition-bitcoin-digital-currencies-money\/","title":{"rendered":"Recognition of Bitcoin and Digital Currencies as Money"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: Which of the following countries has recently recognized the Bitcoin and Digital Currencies as Money?<\/strong><br \/>\n(a) Tibet<br \/>\n(b) Japan<br \/>\n(c) Myanmar<br \/>\n(d) China<br \/>\n<strong>Answer: (b)<\/strong><br \/>\n<strong> Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>Recently Japan has officially recognized Bitcoin and digital currencies as legal tender (money) with effect from 1st April, 2017.<\/li>\n<li>Recognition is the result of approval of a set of bills by Japan cabinet that will help the integration of digital currency into the legacy banking system through regulation.<\/li>\n<li>Japan is the one of the first countries to treat the Bitcoin as flat money.<\/li>\n<li>Under the new law\u2019s implementation, Bitcoin exchanges will also come under additional regulatory scrutiny and will comply with strict anti-money laundering (AML) and Know Your Customer (KYC) requirements.<\/li>\n<li>It is mentionable that Bitcoin is a form of digital currency or crypto currency, created and held electronically.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/cointelegraph.com\/news\/japan-officially-recognizes-bitcoin-and-digital-currencies-as-money\" target=\"_blank\">https:\/\/cointelegraph.com\/news\/japan-officially-recognizes-bitcoin-and-digital-currencies-as-money<\/a><br \/>\n<a href=\"http:\/\/www.newsbtc.com\/2017\/04\/02\/japan-officially-recognises-bitcoin-currency-starting-april-2017\/\" target=\"_blank\">http:\/\/www.newsbtc.com\/2017\/04\/02\/japan-officially-recognises-bitcoin-currency-starting-april-2017\/<br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: Which of the following countries has recently recognized the Bitcoin and Digital Currencies as Money? (a) Tibet (b) Japan (c) Myanmar (d) China Answer: (b) Related facts: Recently Japan has officially recognized Bitcoin and digital currencies as legal tender (money) with effect from 1st April, 2017. Recognition is the result of approval of a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-24321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/24321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=24321"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/24321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/24322"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=24321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=24321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=24321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}