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Last Updated Friday December 15 2017 07:57 AM IST

Tiny Bytes: RBI warns against Bitcoins, 22nd IFFK, Sierra Leone 'Peace Diamond' and more

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Welcome to Tiny Bytes, a look at some of the top news for little minds.

RBI reiterates warnings about trading in Bitcoins

The Reserve Bank of India (RBI) on Tuesday reiterated its concerns about Bitcoins, just days after the cryptocurrency hit a record high of just under $11,800, stoking fears that a rapidly swelling bubble could burst in a spectacular fashion.

The RBI said it wanted to reinforce its previous message to "users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs."

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Kerala gears up for IFFK with 190 films from 65 countries

The 22nd International Film Festival of Kerala (IFFK), to be held from December 8 to 15, will see as many as 190 movies from 65 countries with 80 films in the world cinema section and 14 in the competition segment. There are two Malayalam films in the competition section.

The 'Identity and Spaces' section will feature six movies. These include Live from Dhaka from Bangladesh, Radio Dream by American Iranian director Babak Jalali, and Liar's Dice in Hindi directed by Malayali actor-director Geethu Mohandas.

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You should be 23 to buy liquor in Kerala

The Kerala government has decided to raise the minimum age for consumption of liquor in the state to 23 from 21. The state cabinet on Wednesday decided to bring in an ordinance in this regard. The ruling LDF, in its liquor policy, had announced that the minimum age for liquor consumption will be raised. The policy was approved by the LDF on June 8.

The cabinet has also given nod for the proviso that those who sell liquor to under-age consumers should be punished. The Kerala abkari Act and foreign liquor rule need to be amended to raise the age limit as proposed. The government will present a special bill for this during the next assembly session.

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Sierra Leone 'Peace Diamond' sells for $6.5 million at auction

Sierra Leone sold one of the world's largest uncut diamonds for $6.5 million at a New York auction on Monday to raise funds for development projects in the West African country. The egg-sized gem -- known as the "Peace Diamond" -- was bought by British luxury jeweler Laurence Graff, said Martin Rapaport, chairman of Rapaport Group, a network of diamond companies that managed the auction.

The United Nations lifted a ban on diamond exports from Sierra Leone in 2003, though the $113 million sector is plagued by smuggling. Diamonds fueled a decade-long civil war in Sierra Leone, ending in 2002, in which rebels forced civilians to mine the stones and bought weapons with the proceeds, leading to the term "blood diamonds."

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That’s it for today, kids. Thank you for listening. I hope you’ll watch out for me tomorrow again at 5 pm. Remember it’s so important to know what’s going on in the world around you.

The opinions expressed here do not reflect the views of Malayala Manorama. The responsibility of opinions expressed here lies solely with the author. According to the IT Act, derogatory statements towards an individual, community, religion and country as well as the use of obscene words are punishable offenses. Legal action will be taken against such practices.
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