Goldilocks’ Comments and Global Economic News Saturday 4-13-2024
Good Evening
Stablecoin Announcement:
“Key U.S. lawmakers met Thursday to talk about how to advance Stablecoin legislation. (Jesse Hamilton/CoinDesk)”
Stablecoins represent a country’s currency inside the new digital economy (QFS). They enable the exchange of two national currencies in an exchange process such as the dollar and the dinar.
When the Stablecoin Bill is pushed to the Senate floor and sent on to be approved and signed by the President, we will be closer to the ability of exchanging currencies between our country and Iraq.
We are one step closer, but we are not inside the game just yet. Enjoy your weekend. Forbes
© Goldilocks
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MICA Implementation Due May 28, 2K24:
“The Markets in Crypto Assets Regulation (MiCA) entered into force in June 2023. The regulation includes a substantial number of Level 2 and Level 3 measures that must be developed before the entry into application of the new regime (within a 12-to-18-month deadline depending on the mandate).”
The European Securities and Markets Authority (ESMA) is now involved with the Markets in Crypto Assets (MICA) regulations.
The European Commission is currently focusing on Global Cryptocurrency Regulations and financial stability.
Their purpose is to protect investors and participate in the transformation of crypto assets being traded on the Market and in the Banking System. Esma Europa
Risks and transparency are the focus of their attention in going through this side of the process.
© Goldilocks
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Chapter 2 assesses vulnerabilities and potential risks to financial stability in private credit, a rapidly growing asset class—traditionally focused on providing loans to mid-sized firms outside the realms of either commercial banks or public debt markets—that now rivals other major credit markets in size.
The chapter identifies important vulnerabilities arising from relatively fragile borrowers, a growing share of semi-liquid investment vehicles, multiple layers of leverage, stale and potentially subjective valuations, and unclear connections between participants. If private credit remains opaque and continues to grow exponentially under limited prudential oversight, these vulnerabilities could become systemic.
Given the potential risks posed by this fast-growing and interconnected asset class, authorities could consider a more proactive supervisory and regulatory approach to private credit. It is key to close data gaps and enhance reporting requirements to comprehensively assess risks. Authorities should closely monitor and address liquidity and conduct risks in funds—especially retail—that may be faced with higher redemption risks. IMF
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Security risks in the banking system are becoming more of an issue with each passing day.
This is the phase of our transition whereby the importance of safeguarding our new digital economy is vitally important and currently being interfaced onto the QFS.
Current monetary changes and transactions are being guarded with the utmost security during this transition process into the new digital asset-based trading system. IMF
© Goldilocks
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Security risks in the banking system are becoming more of an issue with each passing day.
This is the phase of our transition whereby the importance of safeguarding our new digital economy is vitally important and currently being interfaced onto the QFS.
Current monetary changes and transactions are being guarded with the utmost security during this transition process into the new digital asset-based trading system. IMF
© Goldilocks
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Prime Minister Sudani’s Pivotal US Visit and Its Implications for Iraq’s Future | WilsonCenter
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FDUSD stablecoin expands to Sui blockchain, hits $3b market cap | Crypto News
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BOSTON–(BUSINESS WIRE)–Today, Circle, a global digital financial technology firm and the issuer of USDC, announced new smart contract functionality that would allow holders of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to transfer their shares to Circle for USDC.
This smart contract provides BUIDL investors with a near-instant, 24/7 BUIDL off-ramp that brings to bear the core benefits of tokenized assets: speed, transparency and efficiency.
“Tokenization of real-world assets is a rapidly emerging product category,” said Jeremy Allaire, Co-founder and CEO of Circle. “Tokenizing assets is but one important dimension of solving investor pain points. USDC enables investors to move out of tokenized assets at speed, lowering costs and removing friction. We’re thrilled to provide this functionality to BUIDL investors and deliver the core benefits of blockchain transactions via USDC availability to investors.”
The recent launch () of BUIDL marked a significant milestone in the progress of tokenizing assets. The fund provides a glimpse of the future of finance with blockchain technology enabling the seamless integration of digital and real-world assets. BusinessWire
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BREAKING – Iran Guards seize vessel ‘related’ to Israel in Gulf: state media
READ: https://rb.gy/g93j9i
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👆 This will begin to create volatility in the marketplace. Our financial systems will be tested.
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How gold prices have reacted to wars | Parimal Ade posted on the topic | LinkedIn
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Handful of governments block clean energy transition with billions in international finance for fossil fuels – Oil Change International | Price of Oil
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XRP News Today: Market Rebounds Amidst SEC vs. Ripple Case Updates | FX Empire
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SILVER ALERT: Could This Mexican Law Change Cause a Supply Crunch? Mike Maloney & Lobo Tiggre | Youtube
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RIPPLE XRP🚨⚠️ALL YOU HAVE TO DO IS SURVIVE!⚠️🚨I’M EVEN MORE BULLISH! | Youtube
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For the next three to four or five weeks, we are going to watch assets move to real values during the MICA regulation process..
Some assets will move up and many will move down during this time as they find their true fundamental value inside a Globally Regulated Digital Financial System.
© Goldilocks
