Archive February 11, 2021

Companies and individuals will be fined for using the cryptocurrency – DRAFT LAW

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cryptocurrency bitcoin

Bill to set the ground for Reserve Bank of India (RBI) to come out with it’s own digital currency.

Corporates and individuals are unlikely to be allowed to buy Tesla and part with unaccounted cash in cryptocurrencies.  If the proposed new bill by the government is cleared by parliament. The draft bill will propose a complete ban on all private cryptocurrencies that is valued for being untraceable. The bill also will make way for the official digital currency which will be regulated by Reserve Bank of India.

Nearly 7 million Indian hold cryptocurrencies worth over $1 billion and there has been over 700 per cent increase in the last year, according to official estimates.

Here is Good News…. Israel’s COVID DRUG on the anvil

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COVIDDRUG ISREAL

Israeli’s Coronavirus medicine has got the prime minister’s consent to go ahead with testing as the drug would come a long way for the poor countries who don’t have access to vaccines.  Tel Aviv’s Ichilov Medical Center calls this a major stand point, saying that Prof. Nadir Arber’s EXO-CD24 inhaled medicine had been administered to 30 patients whose conditions were moderate or worse, and all 30 recovered — 29 of them within three to five days.

This medicine fights the cytokine storm — a potentially lethal immune overreaction to the coronavirus infection that is believed to be responsible for much of the deaths associated with this disease.