Goldilocks’ Comments and Global Economic News Thursday Evening 10-19-23
Good evening
CBI Bank Announcement:
Iraq’s central bank temporarily suspends International transfers by Western Union
Shafaq Link
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WITHIN RIPPLE DOCUMENTATION SHOWS JP MORGAN IS CONNECTED TO ON-DEMAND LIQUIDITY(XRP) + JP MORGAN NOVEMBER 2023 TARGET DATE + JP MORGAN IS 50% OF ISO 20022 CBPR TRAFFIC
https://twitter.com/Rohitku24694375/status/1714967495143272600?t=MKmFV_hpkqGl_b5UG0mXIQ&s=19
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Once Protocol 20 is finished with their testing and the vote to move forward, we are going to see a lot of upgrades in the month of November and the beginning stages of Quantum Technology implementation/interface take place on a larger scale.
At this time, we should see several networks connect globally and move into cross-border international trading in the new digital asset-based trading system.
I look to see real-world assets such as gold and virtual currencies with real-world values begin to form new price pressures on our new tokenized assets standardizing new protocols in cross-border international trading.
© Goldilocks
https://twitter.com/Rohitku24694375/status/1714967495143272600?t=MKmFV_hpkqGl_b5UG0mXIQ&s=19
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Just to give you an idea of what is about to happen.
The new digital economy backed by real-world assets such as gold and other commodities are about to become the drivers of the market going forward.
These new tokenized assets contain virtual currencies known as stablecoins. Stablecoins represent a country’s currencies.
Money velocity will speed up the processing of money across borders creating new demands on each country’s currency going forward through virtual assets.
These new demands will create price pressures on each country’s currencies.
© Goldilocks
Investopedia Link
https://cedcommerce.com/blog/cross-border-trade-all-you-need-to-know/amp/
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Why Stellar, Toncoin, and VC Spectra are Grabbing the Attention of Big Investors
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Press release: CPMI sets out harmonized ISO 20022 data requirements for enhancing cross-border payments
https://www.bis.org/press/p231017.htm
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Joint Readout of Principals’ Meeting of UK and U.S. Authorities Regarding Central Counterparty Resolution
October 17, 2023
Senior officials from the Bank of England, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Securities and Exchange Commission, and Federal Reserve Board convened a hybrid meeting today to discuss certain issues relating to the resolution of a central counterparty (CCP).
This meeting was one of a regular series of senior-level meetings held since 2017 to share views on CCP resolution and review the progress of an ongoing program of joint work among the agencies.
Today’s meeting was an opportunity to review recent joint work undertaken by the agencies, in particular the information sharing and communications arrangements to support resolution planning for U.S. and UK CCPs. Senior officials also confirmed priorities for future work, which will include continuing to share analyses and discussing policy formulation in relation to CCP resolution.
https://www.cftc.gov/PressRoom/PressReleases/8807-23
Finance EU Link
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Financial market infrastructure giant DTCC has inked a deal to buy Securrency as part of a planned digital assets push.
The deal is meant to quicken the development of a platform designed to “unlock the power of institutional DeFi,” DTCC said in a Thursday statement.
The acquisition is set to close in the next few weeks. At that point, Securrency will become DTCC Digital Assets. Securrency CEO Nadine Chakar, who joined the firm from State Street in January, will lead the new DTCC subsidiary.
https://blockworks.co/news/defi-acquisition-dtcc-securrency
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JUST IN – Hundreds of stocks halted at the London Stock Exchange following a “system incident.”
https://www.disclose.tv/id/y3ifs69hgi/
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Iraq to charge Customs Duties/Taxes “Exclusively in Iraqi Dinars”
The Kurdistan Regional Government (KRG) has said that customs duties and taxes at border crossings will now be levied exclusively in Iraqi dinars instead of US dollars.
Search 4 Dinar Link
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WE ARE 1 MONTH AWAY!💥XDC XRP XLM💥YOU DON’T HAVE UNTIL 2025
https://youtu.be/IzIZsA3XFKU?feature=shared
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As a follow-up to the 2019 FSSR, a remote TA mission supported the RBZ in updating regulations to the Basel III capital framework. The mission reviewed Zimbabwe’s capital framework (laws, guidelines, and templates of prudential returns), identified areas to update capital requirements, discussed these areas with the management of the RBZ, and provided recommendations for drafting amendments in line with the Basel II/III framework approaches assessed as the most suitable to the Zimbabwean financial market characteristics.
IMF Link
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Congress could grant the temporary House speaker more power. Here’s how.
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JUST IN: 🇺🇸 FED Chair Jerome Powell says the current fiscal path we’re on is unsustainable.
@WatcherGuru
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JUST IN: JP Morgan expects the SEC to approve multiple Spot Bitcoin ETF’s within months.
@WatcherGuru
