Goldilocks’ Comments and Global Economic News Friday 3-1-2024
Good Evening
“Congress approves a short-term extension to avoid a shutdown and buy more time for final spending agreement”
This short-term extension lasts until the 22nd of March, 2024. At that time, a new fiscal budget is expected to be approved in the US.
This was supposed to be voted on last October the 1st of 2023, but many adjustments to the bill has been adjusted since that time to incorporate new needs and discarding ones no longer needed as we move into the new digital asset based trading system.
At that time, new liquidity forming the basis for our new digital economic framework projects (Protocol 20) will come into play as we incorporate new ways of living in this new world. AP News
© Goldilocks
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This is where we stand on our Tokenized Treasuries.
Currently, this is where we stand on tokenizing our treasuries that represent assets of the US Treasury Securities in digital format. It is our US Treasury Securities that becomes the foundation of building our new Financial Infrastructure.
These digital tokens become tradable assets on the blockchain. This gives you an idea of where we stand in the process of building the new digital economy. Unchained Crypto
© Goldilocks
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“Congress approves a short-term extension to avoid a shutdown and buy more time for final spending agreement”
This short-term extension lasts until the 22nd of March, 2024. At that time, a new fiscal budget is expected to be approved in the US.
This was supposed to be voted on last October the 1st of 2023, but many adjustments to the bill has been adjusted since that time to incorporate new needs and discarding ones no longer needed as we move into the new digital asset based trading system.
At that time, new liquidity forming the basis for our new digital economic framework projects (Protocol 20) will come into play as we incorporate new ways of living in this new world. AP News
© Goldilocks
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Euro Bank and India UPI Announcement:
“NPCI International Payments Limited (NIPL), a subsidiary of National Payments Corporation of India (NPCI), and Eurobank SA, a Greek bank, have signed a Memorandum of Understanding (MoU) towards enhancing cross-border payments using UPI rails.”
The Euro Bank and and India’s UPI has a Memorandum of Understanding (MoU) between them on cross border payments utilizing the Unified Payments Interface.
“The eurobank is a financial institution that accepts deposits (https://www.investopedia.com/terms/d/deposit.asp) and makes loans (https://www.investopedia.com/terms/l/loan.asp) in foreign currencies.” What makes this connection so important lies in the fact of the payment systems between them.
“As the private bank of the largest financial group in the world, Frankfurter Bankgesellschaft is both at home in Zurich and in Frankfurt am Main, rooted in both countries – Switzerland and Germany – and closely connected with city and country, culture and society at both locations.”
Cross border Euro payments to and from Switzerland go through the Swiss Euro Clearing Bank in Frankfurt. This acts as the link between the two systems. These connections are of prime importance in uniting foreign markets to one of the most influx of money that moves through the world each day.
This gives us more access to foreign markets and foreign currency trades. Each day, we are witnessing various pieces of our global economy unite into what makes up the Global Markets.
These new connections make up new digital building blocks inside the new QFS. Gaps are being closed rapidly, and the need for stablecoins to purchase tokenized assets from around the world is becoming more and more important.
As Protocol 20 continues to expand uniting Quantum Technologies, look for stablecoins to become more in the forefront going forward.
© Goldilocks
CNBCTV
BIS
Swiss Banking
Swiss-Banking-Lawyers
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ABU DHABI, March 1 (Reuters) – World Trade Organization (WTO) negotiators extended talks again in Abu Dhabi on Friday as they struggled to break a political deadlock after five days of high-level negotiations.
It was far from clear whether a consensus could be reached among the WTO’s 164 members before a new deadline of 10 p.m. local time (1800 GMT). Several delegates warned that countries remained far apart as organisers announced a fifth extension.
WTO talks run deep into overtime with no breakthrough in sight – CNBC Africa CNBC Africa
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IMPORTANT UPDATE: The #WTOMC13AbuDhabi closing session has been postponed. Follow our social media channels to stay updated.
More about MC13: wto.org/mc13 WTO Twitter
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CFTC Announcement:
Washington, D.C. — The Commodity Futures Trading Commission today announced it is extending the deadline for the public comment period on a proposed rule that makes certain modifications to the CFTC’s swap data reporting rules in Parts 43 and 45 related to the reporting of swaps in the other commodity asset class and the data element appendices to Parts 43 and 45 of the CFTC’s regulations. The deadline is being extended to April 11, 2024.
The proposed rule was published in the Federal Register on December 28, 2023, with a 60-day comment period scheduled to close on February 26, 2024. [See CFTC Press Release No. 8835-23]
The Commission provided the extension in response to a request by a commenter. Comments may be submitted electronically through the CFTC Comments online process. All comments received will be posted on CFTC.gov. CFTC
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CFTC Reporting (Dodd-Frank) | Kaizen Reporting
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FEDNOW Instant Payments Announcement:
The Federal Reserve’s FedNow Service is an instant payments infrastructure that allows participating banks and credit unions to send and receive transactions within seconds on behalf of their customers — 24 hours a day, seven days a week.
This page lists participating financial institutions that are currently live on the service, as well as financial institutions serving as settlement and liquidity providers. Financial institutions that have completed testing and certification will be added to the list once they are live on the service. FRB Services
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RBI Grants Payment Aggregator License to Amazon Pay in India – Fintech Singapore
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US says falling trade with China could be positive – BBC News
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