Thank you R.J.
Goldilocks and Seeds of Wisdom
Good morning Dinar Recaps,
R.J.: Sometimes it is hard to choose just one or even two articles from all of Goldilocks’s posts. Today I narrowed it down to four.
So much is happening so fast around the world to bring us closer to where we need to be. Please choose the ones you deem best for your readers.
- Goldilocks posted the following links and commentary:
“For supervisory and regulatory purposes, the Central Bank of Iraq has decided not to transfer the ownership of the agents/cash withdrawal outlets (POC).
The above mentioned are the legal consequences according to what is stated in (Chapter Three/First/1) of the work controls of agents of electronic payment services provide.”
In other words, the movement of their money and assets will go through the electronic payment services provided through the QFS.
This includes those smart contracts and proof of funds protocols designed to make trades on both ends of an exchange secure and possible.
We are witnessing final procedural clarifications of a country connecting themselves to an International Payment System (ISO20022).
© Goldilocks
Chapter Three in Banking:
https://www.oreilly.com/library/view/foundations-of-financial/9781119098058/c03.xhtml#:~:text=Chapter%203%20introduces%20bank%20regulation,insurance%20plays%20in%20banking%20stability.
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- Goldilocks emphasized this article this morning by pointing to it.
“The starter pistol is ready, and we’ll soon be out of the blocks for the global migration of cross-border payments to the ISO 20022 standard, beginning in March 2023. We have several exciting years ahead, as we move nearer to having all domestic and cross-border payments use rich and structured data.”
ISO 20022 Adoption Benefits Banks and Their Clients
https://www.regulationasia.com/iso-20022-adoption-benefits-banks-and-their-clients/
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3.. Another Link and short commentary from Golilocks:
Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech
“Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech”
Saudi Arabia oil companies are moving into an International Decentralized Payment System activating Web 3 services.
A whole new world is developing quickly.
© Goldilocks
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- Another important step, Goldilocks posted a link with commentary:
Deutsche Bank Develops Investment Servicing Platform for Digital Funds – Regulation Asia
https://www.regulationasia.com/deutsche-bank-develops-investment-servicing-platform-for-digital-funds/
“The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenized securities and other digital assets.”
Deutsche Bank is developing Investment Servicing Platforms for Digital Funds.
This banking announcement from the Deutsche Bank is a declaration to all banks around the world that the Deutsche Bank touches. A new day has dawned.
Here we go.
© Goldilocks
https://t.me/+YU9UrHLxFbszOTJh
https://www.seedsofwisdomteam.com/goldilocks
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