{"id":54433,"date":"2021-10-05T07:56:00","date_gmt":"2021-10-05T07:56:00","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=54433"},"modified":"2021-10-05T07:56:01","modified_gmt":"2021-10-05T07:56:01","slug":"consider-the-following-statements-with-respect-to-cryptocurrency","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/consider-the-following-statements-with-respect-to-cryptocurrency\/","title":{"rendered":"Consider the following statements with respect to \u2018Cryptocurrency\u2019."},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Consider the following statements with respect to \u2018Cryptocurrency\u2019.<\/h2>\n\n\n\n<p>1. The total market value of all the crypto assets surpassed 2 trillion dollars as of September 2021, a 10-fold increase since early 2019.<\/p>\n\n\n\n<p>2. Anonymity of crypto assets also creates data gapes for regulators and can open unwanted doors for money laundering, as well as terrorist financing.<\/p>\n\n\n\n<p>Which of the statement\/s given above is\/are correct?<\/p>\n\n\n\n<p>A. 1 Only<\/p>\n\n\n\n<p>B. 2 Only<\/p>\n\n\n\n<p>C. Both 1 &amp; 2<\/p>\n\n\n\n<p>D. None<\/p>\n\n\n\n<p><strong>Answer: <\/strong>2 Only<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Explanation:<\/h3>\n\n\n\n<p>The total market value of all the crypto assets surpassed 2 trillion dollars as of September, 2021, a 10-fold increase since early 2020. International Monetary Fund(IMF) has warned the adoption of Crypto Currency, saying it can threaten financial stability of emerging market.<\/p>\n\n\n\n<p><strong>UPSC Daily Current Affairs Quiz Test 5 October 2021 <\/strong><a href=\"https:\/\/www.gkseries.com\/blog\/upsc-daily-current-affairs-quiz-5-october-2021\/\"><strong>Click Here<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consider the following statements with respect to \u2018Cryptocurrency\u2019. 1. The total market value of all the crypto assets surpassed 2 trillion dollars as of September 2021, a 10-fold increase since early 2019. 2. Anonymity of crypto assets also creates data gapes for regulators and can open unwanted doors for money laundering, as well as terrorist [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":54428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1863],"tags":[],"class_list":["post-54433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-ca-quiz"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/54433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=54433"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/54433\/revisions"}],"predecessor-version":[{"id":54438,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/54433\/revisions\/54438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/54428"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=54433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=54433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=54433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}