Goldilocks’ Comments and Global Economic News Wednesday Morning 11-15-23
Good Morning Dinar Recaps,
The Collapse of the Health Insurance CPI (How it Became Chicken**) Wolf Street Link
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Digital Assets and Blockchain Hub LINK
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FACT SHEET: President Joseph R. Biden and President Joko Widodo Announce the U.S.-Indonesia Comprehensive Strategic Partnership The White House Link
On November 15, 2023—the statutory deadline—the Federal Communications Commission (FCC) will vote on rules to prevent so-called “digital discrimination,” i.e., discrimination in access to broadband services. Akin Gump Strauss Hauer & Feld LLP Link
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Legislative Research: US HB6365 | 2023-2024 | 118th Congress | LegiScan
https://legiscan.com/US/research/HB6365/2023
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The Committee is now considering H.R. 6365, the Stopping Illicit Oil Shipments Act of 2023, sponsored by @RepMaxineWaters.
The Committee is now considering H.R. 6365, the Stopping Illicit Oil Shipments Act of 2023, sponsored by @RepMaxineWaters.
— Financial Services GOP (@FinancialCmte) November 14, 2023
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The Iraqi government has been implementing strict measures to protect the Iraqi dinar, and is planning to ban all USD cash transactions by the start of 2024.
Iraq is set to implement several new economic measures to strengthen the country’s currency against the US dollar further, a government source told the Iraqi News Agency (INA) on 14 November.
https://new.thecradle.co/articles/baghdad-reveals-new-economic-package-to-further-de-dollarize-trade
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China and the United States have agreed to pursue efforts to triple renewable energy capacity globally by 2030.
Triple?
We are going to need a lot more copper and silver.
We better get mining.
Read: https://x.com/goldtelegraph_/status/1724650450152988989?s=46
“The SEC Adopts Security-Based Swap Execution Facility Rules that Closely Resemble Existing CFTC Swap Execution Facility Rules”
Not long ago we had the CFTC approve the Security-Based Swap Execution Facility Rules. Now, we have the SEC doing the same with similar rules.
Both the CFTC and the SEC work together in securing, registering, and executing foreign currency swaps among other assets.
It looks like we have an agreement to move forward on rules both entities can work with going forward.
“The Final Rules also implement Section 765 of the Dodd-Frank Act to mitigate conflicts of interest at SBSEFs and national securities exchanges (NSEs) that list security based swaps.”
© Goldilocks
https://www.natlawreview.com/article/copy-and-paste-sec-adopts-security-based-swap-execution-facility-rules-closely
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“USDV stablecoin backed by tokenized treasuries launches”
The USDV Coin is backed by the US Treasury and an equivalent to the US dollar. It is supported by short term US Treasury Bills converted into digital tokens on the blockchain.
Stablecoins are digital tokens that are equivalent to a country’s currency value. At the present time, qualified registered investors are able to buy this product.
Holders of this coin are able to verify the Treasuries backing the coin in real time.
© Goldilocks
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Stellar Protocol 20 Upgrade Unleashes the Power of Soroban CryptoNewsFlash Link
MUMBAI, India, Nov. 14, 2023 /PRNewswire/ — Yodaplus DocuTrade, in a collaborative endeavor with its ecosystem partner XDC Trade Network, has successfully executed a pioneering transaction by converting traditional paper Bills of Lading (BL) to electronic BL (eBL). This groundbreaking transaction demonstrates DocuTrade’s prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days. PRNewswire Link
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The Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking this week that seeks to expand its authority to supervise and examine providers of digital wallets and payment applications.
The proposal is the latest “larger participant” rule issued by the CFPB, and the first since 2015. Prior rules defined larger participants for student loan servicing, consumer reporting, automobile financing, debt collection and remittance markets.
https://www.jdsupra.com/legalnews/cfpb-takes-next-step-in-its-big-tech-9901404/
CFPB Wants to Oversee Large Nonbank Digital Payment Providers
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Now is the time to digitalise trade finance and restore confidence, Banking & Finance
THE BUSINESS TIMES Link
👆 Goldilocks pointed to this article
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Climate Activists Stress the Importance of Negotiating a Formal Agreement to Replace Fossil Fuels at COP28 EnergyPortal EU Link
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