Goldilocks’ Comments and Global Economic News for July 25, 2023
Good afternoon Dinar Recaps,
Goldilocks posted comments and links on the global financial system:
Based on the decision of the Board of Directors of this bank No. (121) for the year 2023, approval was obtained to renew the license granted to the National Gate Company for Electronic Payment and Financial Services Ltd. based on the provisions of Article (7/Second) of the Electronic Payment Services for Funds Regulation No. (3) for the year 2014, provided that its provisions, instructions and controls issued by this bank are adhered to.
“Changera will now allow both cash-in services in Canada, Senegal, Uganda and Kenya and cash-out services using Circle’s stablecoin, USDC, via the Stellar blockchain network, at participating MoneyGram locations across 180+ countries.”
Changera is expanding. It is a network that is interfacing with MoneyGram giving people the ability to exchange currencies Globally inside the Stellar Network.
The Stellar Network is simply incorporating all forms of payment services we never thought was possible.
© Goldilocks
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Currently, the QFS is engaged in tokenizing every single asset on the market and inside the banking system. These assets are for public and private use.
You are very familiar with these assets as they are from the Traditional Market. ‘
Each token is given a real value based on a commodity asset that backs it.
“Stellar Lumens is leading the charge towards this potential $16 trillion market.” You will begin to hear that name more and more as we get closer to this activation of the new monetary system.
This asset tokenization is well on its way. Public awareness and regulatory guidance are key in the acceptance of these final stages.
© Goldilocks
https://www.ethnews.com/in-stellar-lumens-we-trust-tokenizing-assets-into-a-16-trillion-future/
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“Yuan exceeds dollar in China’s bilateral trade for first time” – Nikkei Asia
What makes this important is that the Chinese Yuan is backed by gold. Russia is helping to change this trend with their bilateral trades with China.
Much of the Middle East and Eastern half of our world are also engaged in settling their trades with the Chinese Yuan.
This is why we are witnessing the changing role of the dollar and the introduction of H.R.556 – 21st Century Dollar Act.
© Goldilocks
https://www.congress.gov/bill/118th-congress/house-bill/556?q=%7B%22search%22%3A%5B%22the+21st+Century+Act%22%5D%7D&s=1&r=6
https://asia.nikkei.com/Business/Markets/Currencies/Yuan-exceeds-dollar-in-China-s-bilateral-trade-for-first-time
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“In a recent development, Patrick McHenry, the Chairman of the US House Financial Services Committee (FSC), made an announcement regarding the markup of several legislations aimed at providing regulatory clarity for the digital asset ecosystem.
The DoJ will merge two existing teams, the Computer Crime and Intellectual Property Section (CCIPS) and the National Cryptocurrency Enforcement Team (NCET), into a single, larger structure with additional resources.”
https://www.cryptopolitan.com/us-to-unleash-crypto-clarity-revolution/
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“The Universal Postal Union will evaluate UPI for integrating the unified payment interface with cross-border remittances using global postal network, an official release said.”
The Unified Payments Interface is expanding into the Global Postal Network.
Their ability to utilize Cross-Border International Payments at the push of a button creates more speed and efficiency in the movement of mail around the world.
This is one of many Quantum Technologies that will be activated in Protocol 20. We literally have thousands of technicians working on various networks to combine themselves into a huge Quantum Technological Database.
We are literally turning into an asset-based economy run through digital technological advances unlike anything we have ever seen in our history.
© Goldilocks
https://indianexpress.com/article/business/banking-and-finance/universal-postal-union-evaluate-upi-platform-cross-border-remittances-8847603/
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BREAKING NEWS
CHINA’S MAJOR STATE-OWNED BANKS ARE SELLING U.S. DOLLARS TO BUY YUAN IN BOTH ONSHORE AND OFFSHORE SPOT MARKETS
Here we go?
Read: https://twitter.com/goldtelegraph_/status/1683797548861988864?s=46
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“The NGO for the Stellar (XLM) network, the Stellar Development Foundation (SDF), launched its new funding initiative. It encourages Stellar developers to work on the Soroban smart contract platform.”
The Soroban Network is encouraging financial services to develop their products on the Stellar Network through a smart contract ecosystem.
Smart contracts ensure funds are available on both sides of a trade and executed through artificial intelligence transactions.
Tokenized assets are continuing to be built on the QFS, and their full integration is still in the making.
© Goldilocks
https://www.cryptopolitan.com/stellar-xlm-and-binance-bnb-investors-pump-money-to-tradecurve-presale-we-find-out-why/
https://www.investopedia.com/terms/s/smart-contracts.asp#:~:text=Smart%20contracts%20are%20scripts%20that,when%20specified%20conditions%20are%20met.
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