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BTC Daily Intelligence Bulletin (DIB)
Block: 823,269
DTG/ICOD: 0800EST 28DEC23
Prcedence: Routine (RR)
Controls: Public Release
QQQQ
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BLUF: India's attempt to de-dollarize falters / NK's Kim is ready for war / Saylor buys more BTC

Market Data: Price: 1 BTC= $42,913, 20.71oz Gold
24hr Hi: $43,804 / Lo: $42,782
Vol: $24.187B (Down 11.5%)
Mkt Cap: $838.150B (Down .26%)
HashRate: 408 EH/s
Avg Fees: 61,032 sats/tx (down 1%)
Nodes: 17,284

---Reports---
-International Events-
1. India's De-Dollarization Push Flounders as Oil Suppliers Cite Rupee Repatriation Concerns: The Indian Oil Ministry recently acknowledged that the country’s push to pay for oil with rupees has failed because suppliers are not sure if they will be able to repatriate their funds. The decision is intended to help diminish India’s reliance on the U.S. dollar when settling its cross-border obligations. (Bitcoincom) (AC-Any thorough study in world trade leads to understanding that a worldwide acceptance of currency is necessary. The US dollar has held this position since WW2 and India's attempt to change this prematurely is unsound. The possible eventuality of a new global currently (Bitcoin) for world trade is much more likely in the next decade.)

2.North Korea’s Kim vows to bolster war readiness to repel US-led confrontations: North Korean leader Kim Jong Un called for bolstered war readiness to repel what he said were unprecedented United States-led confrontational moves, state media reported Thursday, as rival South Korea vowed a stern retaliation against any provocations by the North.(AP)

-US Events-
1. Colorado Republicans appeal against Donald Trump's 2024 ballot ban: The appeal means he will remain for now on the ballot for the Colorado primary.(BBC)

-Regulatory and Legal-
1. Indonesian Crypto Exchanges Must Register With New Bourse or Face Shutdown: The government wants to use the national crypto bourse to make the ecosystem safer and gather transaction data for tax purposes. Currently classified as commodities, crypto has been subject to Value Added Tax (VAT) and Income Tax (PPh) since May. But if crypto assets are considered securities, taxes might be reduced(CoinDesk)

2. Nigeria Lifting Ban on Bank Accounts for Crypto Firms Could Lead to Usage 'Surge': The Central Bank of Nigeria reversed its prohibition on local banks and financial institutions serving crypto firms in a move that is likely to spur the use of cryptocurrencies in one of the world's fastest adopters of digital assets.(CoinDesk)

-Central Bank Digital Currencies (CBDC)-
NSTR*

-Institutional Concerns-
1. MicroStrategy Buys $615M Worth Additional BTC, Pushing Holdings to $5.9B: MSTR used almost all of its recent at-the-market shares sales to buy an additional 14,620 bitcoin, for a total of 189,150 BTC. (CoinDesk)

2. Ark Invest Offloads GBTC Shares As Bitcoin Spot ETF Brews On Horizon: Ark Investment Management under the direction of Cathie Wood has of this week sold off its entire Grayscale Bitcoin Trust (GBTC) holdings.(Bitcoinist)

-Economic Indicators-
NSTR*

-Technological Updates-
NSTR*

-Security Incidents and Concerns-
NSTR*

-Bitcoin Community-
NSTR*

-Bitcoin Sentiment-
1. Fear(0)/Greed(100) Index: 73/100 (even)

Analyst Comments (AC): Monitoring Bitcoin and crypto policies worldwide give us knowledge of the mechanics of adopting certain policies. When the Nigerian Central Bank learned since 2021 that banning crypto does not stop it's use, they eventually acquiesed and lifted the ban this week. Indonesia, on the other hand, is adopting a centralized (taxable) system like the US Commodities exhange (the CME). This allows cryptocurrency trading through exchanges, but it remains to be seen how it affects the P2P networks.

Follow us on NOSTR: Bitcoin Veterans (npub1qkt…ms0r)
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Analyst: BV2A
END REPORT
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*NSTR-Nothing Significant To Report