Goldilocks’ Comments and Global Economic News Friday Evening 3-29-2024
Good Evening
As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.
MICA’s pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.
While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.
Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA. BIS Asana RegulationAsia Lucinity
© Goldilocks
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Look for a Ripple to begin making its move when Global Regulations are put into place along with other Tokenized Assets.
Why?
At that time, the utility will become the driving force for all our cryptocurrencies inside the new digital asset-based trading system.
Demand always creates opportunity for supply. Don’t get me wrong. You have to have both supply and demand, but demand creates the need for supply and use case scenarios.
These are the things that create values for living and prices to go along with it.
© Goldilocks
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“Citigroup strategists expect the Federal Reserve to start cutting interest rates in June, the bank said after the Personal Consumption Expenditures (PCE) for February was released today.
Citi’s projections are now more in line with the Federal Reserve’s expectations for the upcoming easing cycle. In a research note, the strategists said they expect Chair Jerome Powell to maintain a dovish stance despite recent hawkish signals from other Fed officials.”
This would not be a surprise to me due to the fact that the lowering of rates would help kick-start the new digital economy.
MICA is expected to be completed by May 28th, 2024. It will give regulations and demands for new digital assets to commence.
A lowering of interest rates after holding back Commodity prices for years would send these new Tokenized Assets backed by gold and other Commodities through the roof.
Timing is everything my friends, and these new price pressures on Stablecoins that represent various countries’ currencies would begin to put price pressures on the paper money you and I hold.
Watch for laws to govern these new Tokenized Assets to begin coming into play these next two months.
© Goldilocks
Investing News
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Long-run price stability could be a key feature of the gold standard, researchers with the Federal Reserve Bank of Philadelphia find.
In their working paper, published in February, Jesus Fernandez Villaverde and Daniel Sanches explore how the gold standard would operate as a monetary framework in a hypothetical small open economy.
They argue that the price level would consistently converge to its long-run equilibrium value. Inflation and deflation would be “merely temporary phenomena” Central Banking
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OFAC Settlement Illustrates Sanctions Compliance Risks for Foreign Asset Managers Trading U.S. Securities | Privacy & Information Security Law Blog
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London Stock Exchange Announcement:
The London Stock Exchange has announced the launch of a market for Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETN). In a notice issued on Monday, the United Kingdom’s major stock exchange said that the Crypto ETNs will be rolled out on May 28.
The stock exchange had earlier revealed that it would accept applications for the admission to trading of Bitcoin and Ethereum Crypto ETNs in the second quarter of 2024.
In the latest update, the London Stock Exchange said it will accept applications for trading these crypto ETNs from April 8, 2024. Live Mint
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Australia’s Banking Announcement:
Australia’s High Value Clearing System Has Adopted ISO 20022 Regulation Asia
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Markets: Stocks finished the first quarter strong (markets are closed today for Good Friday), with the S&P 500 and Dow closing at record highs. Tech stocks continued to drive the gains this quarter, while investors were giddy that the Fed might soon cut interest rates. Sadly, fallen meme stock AMC couldn’t join the party: It dropped 14% after the movie theater chain announced a stock sale.
© The Morning Brew
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IMF-World Bank Spring Meetings 2024 – It’s Coming | Youtube
