Nigeria’s new election law leaves gaps: 5 reforms for free, fair and credible polls 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks 
BTCUSD Flat Ahead of Peace Talks: Dip-Buy Near 75k Opens Path to 80k–90k Targets 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Strait of Hormuz: why even neutral and distant countries like Switzerland can’t escape the fallout 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Uranium Bull Market Gains Momentum Amid Supply Deficits and Geopolitical Tensions 
2025 Market Outlook: Key January Events to Watch 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
We already reported that a senior government official from a board created by Indian finance ministry admitted that there have been ideas of creating India’s own government-backed digital coin.
Well, such cryptocurrency sentiments in emerging markets creates an idea as to which cryptocurrency exchanges would trade which currency pairings. India is now legislating regulatory framework for the crypto-avenue that were expected to be set in the month of September but have been prolonged. On the flip side, RBI, Indian central bank, has debarred financial institutions under its jurisdiction from rendering services to crypto ventures. While numerous petitions have been lodged against this ban, the Internet and Mobile Association of India (IAMAI), which is the non-profit organization has been one among the petitioner. While the apex court of India has upheld the ban by not granting the stay but has been attempting to hear these petitions but the final hearing has meticulously been adjourned.
Detrimentally, such a ban by the imperial regulatory banking authority has adversely impacted on actively operating crypto-exchanges. The country’s largest crypto trading firm, Zebpay, has recently shut down its operations abiding by the banking regulations.
Despite the ban, 32 Instashift traders mentioned that they continue to express interest in crypto investment plans even if the RBI intensifies its crackdown such as freezing crypto accounts. Couple of other traders are distinguished as the enthusiasts and aspirants in crypto trading.
What puzzles around Indian cryptocurrency approach is that, although bitcoin and some other major cryptocurrencies are perceived as the instrument to confront inflationary environment, and RBI seems to be concerned about inflationary risks as core inflation is still running hot, it rose to 6.5% yoy in June and averaged 5.7% in H1. Inflation Rate in India averaged 6.45% from 2012 until date, why is Indian central bank still be rigid instead of being liberal in investigating such new avenue of currency system?
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 75 levels (which is bullish), hourly USD spot index was at 51 (bullish), while articulating (at 08:12 GMT). For more details on the index, please refer below weblink:
