Goldilocks’ Comments and Global Economic News Tuesday 4-2-2024
Good Evening
FEDNOW Announcement:
“The Fed has definitely piqued the interest of the banks and the credit unions,” Brown said.
FEDNOW has two banking rails up and running in the United States that are capable of doing instant payments, and they expect more to follow in the coming months.
FEDNOW has some financial institutions that have functional status inside an instant payment mechanism. They’re still looking for mass adoption after a period of testing it’s capabilities.
Marketing for this functional service is just beginning to happen, and they do expect more companies and banks to adopt this much-needed service.
This service is expected to reach all community Banks in the United States and begin competing with other services that will see its benefits including healthcare.
Healthcare has much to gain by adopting this service due to a patient’s need for instant information data sharing that is safe and secure during times of emergency. Pymnts
© Goldilocks
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“Japan’s government will issue 20 trillion yen ($133 billion) in transition bonds over the next decade, throwing the emerging global market wide open. Such exponential growth is huge compared to the $7 billion raised since 2020.”
Japan is quickly moving into a transitional strategy through cutting emissions in the air and reducing fossil fuel. This will require investor confidence which is well underway by many whales and institutions surrounding these new ventures.
And, Japan intends to scale energy options research, comparative analysis, and measurements of various forms of energy.
These green initiatives in the form of green bonds and other tokenized assets will provide much needed liquidity to shape our world inside a new clean environment and digital processes that will allow us to walk into a new world.
Here, we are getting a first look at what is taking place to shape our new world.
© Goldilocks
METI
SPECTRA
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What are Real-Time Payments (RTP)? – Modern Treasury
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Introducing Digital Inheritance with Vault12 | Youtube
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Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from the Energy Department’s EIA today. Coal consumption by tonnage peaked in 2007. But by energy content, coal consumption peaked in 2005 at 22.79 quadrillion Btu. WolfStreet
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Saudi Arabia targets historic green bond sales for projects | Retail – Gulf News
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A MESSAGE FROM SAM OLIVER ON GOLD
Gold is currently consolidating at an all-time high price. And consolidation means that it is solidifying the support and justifying the support of where it is now, recognizing that future trades will come at a much higher demand going forward. These demands will increase the price of gold.
It is also known at this time that it is the transition into the next economy, one of which that will be a transition into a gold standard through a digital asset protocol. These moves in and of themselves justifies the move into the tokenized asset digital economy. And because of these moves, the adoption and the support of gold to make this transition not only will become necessary, but inevitable.
So many of these institutions and companies and governments are continuing to buy gold because they see that as an asset of transitory nature, but they also see it as an asset of power going forward.
So you’re going to see some competition between governments moving forward. This will cause the price of gold to continue to climb, and at some point it will carry silver along with it, as we especially move into more solar power for all countries around the world.
In fact, you’re seeing less use for fossil fuel, and it seems to be that we are starting to leave behind the necessity of fossil fuel and moving into a transitional phase of more electric power.
So, as we go forward, we’re going to continue to watch the price of gold and its demand and its new use case scenarios in this new world. The digital world is bringing forth many clean initiatives around the world that will be placing green bonds and opportunities for countries to grow into new jobs and new opportunities that will surround these new green initiatives. as our society continues to grow into a new dimension of living that we have never seen before in history.
It is a time of which change and openness to change is going to demand what is highest in us, to become creative creators in this new age of creativity. I hope you have a wonderful day. This is my take on it this week in hopes that you will understand why the importance of gold for the new liquidity inside our new economy is the bridge to what we’ve been looking for, but it is also the bridge into future hopes and dreams of all of us. https://t.me/c/1545617426/75947
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Introducing Digital Inheritance with Vault12 | Youtube
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Climate bonds toward achieving net zero emissions and carbon neutrality: Evidence from machine learning technique – ScienceDirect
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Transition Finance | Youtube
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Japan Bank Launches First Deposit-Backed Stablecoin ‘Tochika’
This stablecoin is secured by deposits and can be utilized for spending convenience at participating merchants. Furthermore, the move is groundbreaking as Japan is a country where cash still reigns supreme.
Hence, Hokkoku aims to entice retail businesses by offering a competitive merchant rate of just 0.5% for cashless transactions through the app.
Additionally, the bank seeks to persuade companies issuing paper gift certificates to transition to the digital realm by embracing point-based transactions facilitated by the app. CoinGape
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Singapore, 2 April 2024… The Monetary Authority of Singapore (MAS) today introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services regulated by MAS, and to impose user protection and financial stability-related requirements on digital payment token (DPT) service providers. These amendments will take effect in stages from 4 April 2024. [1]
2 The amendments will bring the following activities within the scope of regulation under the PS Act:
(i) Provision of custodial services for DPTs;
(ii) Facilitation of the transmission of DPTs between accounts and facilitation of the exchange of DPTs, even where the service provider does not come into possession of the moneys or DPTs; and
(iii) Facilitation of cross-border money transfer between different countries, even where moneys are not accepted or received in Singapore.
3 The amendments will empower MAS to impose requirements relating to anti-money laundering and countering the financing of terrorism, user protection and financial stability on DPT service providers.
4 Transitional arrangements will be provided for entities currently conducting activities under the PS Act’s expanded scope. Such entities must notify MAS within 30 days, and submit a licence application within six months from 4 April 2024, if they wish to continue the activities on a temporary basis while MAS reviews their licence applications.
The licence application must be accompanied by an attestation report of the entity’s business activities and compliance with anti-money laundering and countering the financing of terrorism requirements, duly completed by a qualified external auditor, within nine months from 4 April 2024.
5 Entities that do not fulfil the requirements above are required to cease the activities when the amendments come into effect.
6 The amended Payment Services Regulations on safeguarding of assets belonging to customers of DPT service providers [2] (https://www.mas.gov.sg/news/media-releases/2024/mas-expands-scope-of-regulated-payment-services#2) will take effect six months from 4 April 2024. These include segregating customers’ assets and placing them in a trust account for the benefit of customers, maintaining proper books and records, and ensuring that effective systems and controls are in place to protect the integrity and security of customers’ assets. Monetary Authority of Singapore
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Navigating Regulatory Change: An Insight into PRA’s Policy Statements on Basel 3.1 Standards | Insights | UK Finance
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The cryptocurrency market is witnessing a significant migration of investors from the recent Green Bitcoin presale sold out to BlockDAG’s (BDAG) presale, which indicates the evolving preferences and strategies among digital asset investors. TimesTabloid
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5 Reasons Why: Gold is Green | The Assay
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15 Awesome Uses of Gold [Definitive List] | PhysicalGold
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“Gold Futures Soar to Historic Highs: Eyes on Inflation, GDP Data for Next Move” | Investing
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We are heading into a huge tailwind at any moment. A full-blown liquidity crisis will be met with the implementation of green bonds and releasing the caps on gold.
© Goldilocks
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We are starting to see green initiatives being implemented along with the tokenization of gold. These two assets will provide liquidity for us inside the new digital asset based trading system.
© Goldilocks
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“Sentiment and positioning indicators are near highs, JPMorgan warns” | Investing
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7:35 PM Tuesday, April 2, 2024 (GMT+3)
Time in Baghdad, Iraq
Rate from cbi.iq 1310.00 No changes..
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Just a reminder, no one has access to your name in my telegram room, and anybody on my list in this room will not be sold after the RV.
© Goldilocks
