Goldilocks’ Comments and Global Economic News for Saturday, September 2, 2023
Good evening,
Goldilocks posted comments and news links on the global financial system
“First fully regulatory-compliant US Treasury token is launched.”
Digital transformation is taking place as we speak. The decentralization of real world assets with transparency is becoming a reality.
This new coin is called “Dust.” Dust is a decentralized multi-chain utility and governance token. In other words, it is capable of connecting to more than one digital asset.
This new asset allows people to buy into US Treasuries with a specific maturity date on December 31st, 2023.
What is the importance of US Treasury assets?
They provide support and direction for interest rates, affecting other bonds, mortgages, car loans, personal loans, student loans, savings rates, etc.
This gives us an indication that the approval of stablecoins and new crypto clarity regulations are just around the corner.
This will allow the market and banking system to interface with one another synchronizing their transactions in a matter of seconds.
The new digital asset-based trading system is here. And, these new digital standards and regulations will be backed by gold and other commodities.
Look for a repricing event in oil, gold, and silver to adjust this new digital economy with real values.
© Goldilocks
https://www.thebanker.com/First-fully-regulatory-compliant-US-treasury-token-launched-1693466085
https://coinmarketcap.com/currencies/dust-protocol/
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Swift unlocks potential of tokenization with successful blockchain experiments | Swift
Swift, the global financial messaging service, announced on August 31, 2023, that it has successfully conducted a series of experiments to facilitate the transfer of tokenized assets across multiple blockchains.
Collaborating with major financial institutions and Chainlink ($LINK), a Web3 services platform, Swift aims to solve the interoperability challenges that have been a barrier to the growth of tokenized asset markets.
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New law: Businesses plan use of electronic | Legal Alert | ICAEW
https://www.icaew.com/library/subject-gateways/law/legal-alert/2023-09/businesses-plan-use-of-electronic-trade-documents-under-new-law
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FSB invites feedback on the effects of G20 financial regulatory reforms on securitization – Financial Stability Board
https://www.fsb.org/2023/08/fsb-invites-feedback-on-the-effects-of-g20-financial-regulatory-reforms-on-securitisation/
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The UAE and Vietnam are expected to sign a major trade deal this year, according to a top diplomat.
The two countries should conclude the Comprehensive Economic Partnership Agreement (CEPA) this year, which will add new vigour to the 30th anniversary celebrations of diplomatic relations, said Nguyen Manh Tuan, the Vietnamese Ambassador to the UAE.
https://www.arabianbusiness.com/politics-economics/uae-vietnam-trade-deal-expected-in-2023-diplomat
https://www.arabianbusiness.com/tags/cepa
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House prices around the globe are falling at their fastest rate since the global financial crisis, data published today (August 31) by the Bank for International Settlements shows.
Worldwide, real house prices declined 3.3% year on year in the first quarter of 2023. Prices last contracted by that much in 2009, when the global economy was still grappling with the financial crash.
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Proposed Regulations Would Impose New Reporting Requirements on Transactions Involving Cryptocurrency and Other Digital Assets
These reporting rules contain a number of exceptions and exclusions, including as follows:
Exceptions to broker reporting of securities and commodities sales under current law, such as sales effected on behalf of certain exempt recipients (e.g., certain corporations, financial institutions, tax-exempt organizations, or governments or political subdivisions thereof) would also apply to digital asset sales.
Persons providing only distributed ledger validation services, whether through proof-of-work (i.e., mining), proof-of-stake (i.e., staking), or any similar consensus mechanism, and persons selling hardware or licensing software that does not provide direct access to trading platforms but instead solely permits persons to control private keys used to access digital assets, would not be treated as brokers subject to these reporting requirements.
Transactions “in which a customer receives new digital assets without disposing of something else in exchange,” such as those in which a customer receives new digital assets in a hard fork or airdrop, would not be reportable under the proposed regulations.
https://www.jdsupra.com/legalnews/proposed-regulations-would-impose-new-8773061/
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SEC Losses in Court Signal Shift in Crypto Regulation That Benefits Bitcoin
https://btcpeers.com/sec-losses-in-court-signal-shift-in-crypto-regulation-that-benefits-bitcoin/
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BRICS TAKING OVER!? A New Global Reserve Currency!?
https://youtu.be/YJ16KCiHFZ4?feature=shared
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A currency war is about to begin, and it is not going to be pretty. Throughout history, this has been known as a time when currency values begin to create price pressures causing them to shift. At the end of this period of time, new agreements are signed regarding new currency values.
© Goldilocks
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Jim Willie Gold 10K – XRP $120
https://youtu.be/ueLUdz33N8U?feature=shared
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