Goldilocks’ Comments and Global Economic News Wednesday AM 1-3-24
Good Morning
Intel:
Today {01/02/23), Dee and I did get confirmed in a meeting with our CBI contact that the Iraqi Dinar is currently trading through electronic mechanisms.
As their currency expands into the International stage this year, they do expect to have a currency with a higher value as the year progresses.
This is a learning curve for them as well as other currencies around the world as many of them began the process of trading in their own currencies on an official level today.
We did schedule a meeting with our contact and other members of their IT Department for later this week or early next week.
© Goldilocks
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The next Gold Standard will be Digital.
© Goldilocks
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Indian rupee may rise to 81/$ by 2024 end amid robust inflow hopes: Goldman Sachs MoneyControl Link
👆 It’s a process my friends.
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The President of Venezuela hopes that Venezuela will join BRICS in 2024.
Another major oil player.
He also said that BRICS is the future of humanity.
Commodities…
Read: https://x.com/goldtelegraph_/status/1742265496400207918?s=46
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SEC could inform spot Bitcoin ETF applicants of approval by Jan. 3.
Firms may be notified on Tuesday or Wednesday to prepare for a Jan. 10 launch.
https://cryptoslate.com/sec-could-inform-spot-bitcoin-etf-applicants-of-approval-by-jan-3/
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Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Despite Jamie Dimon Wanting to Ban Crypto Bitcoin News Link
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RBI says All India Fincl Institutions now national development banks Informist Media Link
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Goldman Sachs Exec Predict Growth For Digital Assets In 2024 News BTC Link
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Has the US Abdicated Global Digital Leadership? CEPA Link
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UPI new rules: 5 major changes that come into effect from January 1, 2024 AsiaNetNews Link
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The US plays the Role of Top Cop, Establishing Global Crypto Standards
Regulators worldwide have been intensifying efforts to establish formal laws for digital currencies in 2023. While many regions have passed laws with potentially tough penalties, the U.S. stands out for taking some of the harshest legal actions against major players in the crypto industry.
The U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC (https://en.wikipedia.org/wiki/Commodity_Futures_Trading_Commission)), Department of Justice, and Treasury’s Financial Crimes Enforcement Network (FinCEN) have actively enforced penalties and fines against crypto companies.
https://ciolook.com/the-us-plays-the-role-of-top-cop-establishing-global-crypto-standards/
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SEC may notify approved ETF issuers by early next week, ahead of January 10 launch: Reuters
“Asset managers who met their end of year deadline may be able to launch by the Jan. 10 decision deadline, according to Reuters, citing people familiar with the process. Those include the aforementioned firms, along with Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco.”
These are some big names in the investment field. Companies like these individually have the ability to move the markets in and of themselves. Here, we have seven of them pledging to support the new “spot Bitcoin ETF.” This is an asset that will be placed in Global Markets around the world to shift our economy into the digital space.
A wave of buying is expected when this decision comes out on January 10th, 2024. Not to mention all the money these companies will place inside this one asset supporting movement upwards in the crypto space due to the acceptance of Bitcoin serving as a bridge into the new digital asset-based trading system whereby tokenized assets will become the norm.
This shift into a digital economy will bring with it a lot of liquidity from those who have been investing outside of the Financial System anticipating this move into the markets. The Block Link
© Goldilocks
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