Goldilocks’ Comments and Global Economic News Thursday Afternoon 6-20-24
“Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments.
Adopting a CBDC, however, requires careful consideration. Countries across these regions, spanning a diverse group of economies stretching from Morocco and Egypt to Pakistan and Kazakhstan, each must weigh their own unique set of circumstances.
Many of the 19 countries currently exploring a CBDC are at the research stage. Bahrain, Georgia, Saudi Arabia, and the United Arab Emirates have moved to the more advanced “proof-of-concept” stage. Kazakhstan is the most advanced after two pilot programs for the digital tenge.” IMF
Per conversations Dee, Sam, and I have had with our CBI contact, Iraq will be using CBDC for Cross-Border Trading.
© Goldilocks
👆 Iraq is not ready yet.
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Iraq to repatriate all its citizens from al-Hol refugee camp in Syria
BAGHDAD, June 18 (Xinhua) — The Iraqi government on Tuesday has decided to return all Iraqis from the al-Hol refugee camp in Syria, the official Iraqi News Agency (INA) reported.
Karim al-Nouri, deputy minister of the Ministry of Migration and Displaced, told the INA that the “total number of refugees in the al-Hol camp is more than 50,000 people from different countries, including 20,000 people from Iraq.”
He said that the Iraqi government had established a high-level committee to scrutinize the security situation of the refugees.
Al-Nuri also said that those returning from the al-Hol camp would go through community rehabilitation programs at the al-Jada’a camp in Iraq’s northern province of Nineveh, stressing that about 3,000 people so far have returned to their homes in Iraq, according to INA.
The al-Hol camp is known to be housing refugees, with a significant number of them being family members of IS militants. ■ English News
ESMA75-453128700-949_Final_Report_MiCA_cooperation_technical_standards.pdf
Final MICA Standards Announcement:
The European Banking Authority (EBA) delivers their final group of MiCA Technical Standards just before the June 30th, 2024 deadline for their digital regulations to become law.
Reference
ESMA75-453128700-949
Section
Digital Finance and Innovation
Guidelines and Technical standards
Type
Final Report
Main Document
ESMA75-453128700-949 Final Report on MiCA cooperation technical standards
(EN)
Style
ESMA document
There were 14 technical standards and 3 guidelines finalized and published. This completes EBA’s delivery of their technical standards under MiCA. Esma Europa
© Goldilocks
https://x.com/DROPZXRP/status/1803739866741522574
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“As China dumps Treasury securities, the Euro Area, Canada, and financial centers load up with immense appetite.”
The division of money flows has been taking place for some time, but we are beginning to clearly notice a new Economic Continental Divide.
Trading routes have been rerouted these last few years, and bilateral free trade agreements have been signed.
The emergence of a multi-polar Global Economy is beginning to be realized through countries supporting their own payment systems with the use of their own local currencies over the World Reserve Dollar.
With a new Digital Monetary System coming into play with Real World Assets backed by commodities and easy access to a fractionalized monetary trading policy, the expectation of a world with solid currency (Gold) through tokenized asset values is becoming a reality. WolfStreet Investopedia
© Goldilocks
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ISSA survey shows rising strategic importance of DLT adoption – Ledger Insights – blockchain for enterprise
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Bank of America finds younger investors prefer crypto, alternatives to stocks – Ledger Insights – blockchain for enterprise
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Ripple CEO Predicts End of XRP Lawsuit This Summer | Crypto News Flash
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Investors around the world are dealing with new trading mechanisms that are beginning to reroute money flows through a new digital asset-based trading system.
The movement of money is not the same. New digital accounting regiments are changing the direction of money based upon new re-entrances of local currencies being traded abroad.
At the end of this month, we’re going to have guidelines, regulations, and new laws to change the way we do business.
Don’t blink, it is happening right before your eyes.
© Goldilocks
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Nomura’s Laser Digital to Offer Crypto Trading, Asset Management in Abu Dhabi | Finance Magnates
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