Goldilocks’ Comments and Global Economic News Tuesday 3-26-2024
Good Evening
We are rapidly approaching the April into May deadline for the MICA, EU’s Comprehensive New Crypto Regulation Standards. MICA stands for Markets in Crypto-Assets. MICA is being integrated with the DTCC. The Depository Trust and Clearing Corporation will process our new Global Digital transactions.
Essentially, Europe will be moving our new digital money through this new integration testing the speed, flow, and security of its movement. This is being done to make sure we have a smooth transition and implementation by May 28th, 2024.
This comprehensive industry testing is necessary to measure end-to-end processes such as trade executions to trade settlements along with non-standard settlement scenarios utilizing tokenized assets.
When this is finished, US Treasury and Repo Market mechanisms will be capable of being utilized. It will enhance data information for the Derivatives Market, Equity Markets, Instant Payments, Digital Ledger Transmissions and much more.
After this is completed, new rules and regulations can be applied for the governing lawful use of this new Quantum Technology inside our new Digital Asset-Based Trading System. DTCC 1 Securrency Coindesk
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“After rolling out its digital asset trading platform, German-based stock exchange Deutsche Börse has signaled an intention to proceed with an institutional-facing solution.”
The Deutsche Bank has moved into a proposal phase in rolling out their digital assets business platform.
This will allow exchange attempts to be made with digital currencies representing each country’s currencies to their institutional clients.
Remember, the Deutsche Bank touches every Bank around the world on some level, and the execution of this program will allow connections to be made between Banks who desire to exchange foreign currency.
The proposal phase includes the business idea, market analysis, management team, financial projections, and the terms and conditions of the funding. In other words, they are ready to move forward. Coingeek
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There are several ISO 20022 Tokens. Each represents a set of assets that will flow through their Network.
Think of these Networks as channels that will move Tokenized Assets or Stocks that are now Digital.
This is a very important role in the new economy, and you can’t tell me that these ISO20022 Tokens won’t be valuable going forward.
The trick is to obtain them before the switch is turned on for them to move freely. At that time, we may see assets move into real values of significance overnight.
The first RV.
The second RV will be our paper currencies sometime after this event.
We are getting closer for those waiting on their paper currencies to change.
Hopefully, the two go together. I have not received information on this just yet, so we wait. Coincodex
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You might have heard of ETPs, ETFs, ETCs and ETNs, but what are these financial instruments exactly? How can they facilitate exposure to assets like cryptocurrencies for investors? | BitPanda
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The European Council has adopted the Instant Payments Regulation and it is now scheduled to come into effect in a little over two weeks. The deadline for compliance is far too tight, argues CGI’s Ainsley Ward | Electronic Payments International
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DBS Announcement:
Mumbai [India], September 13 (ANI/PR Newswire): DBS has launched real-time online tracking for cross-border collections for businesses in India in partnership with SWIFT Global Payments Innovation (gpi). DBS is the first bank in India and Asia-Pacific to offer this service to clients, which is expected to benefit close to 4000 corporate and SME clients in India, with numbers expected to grow further. Yahoo Finance
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The Federal Reserve Board released the hypothetical scenarios for its annual stress test, which helps ensure that large banks can lend to households and businesses even in a severe recession. | LA Times
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HSBC will be launching tokenized gold tomorrow to its retail clients, said Hong Kong chief digital officer Bojan Obradović during a panel at the «Milken Institute Global Investor’s Symposium». This will mark the first form of tokenized real-world asset that it is introducing to the segment. Finews
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Pre-validation: combatting fraud and minimising errors in payments – OMFIF
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What are the massive drivers of the future markets? The answer to this question lies in what the Central Banks are currently doing.
Buying gold.
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BALTIMORE − A massive search effort was underway Tuesday for six construction workers who were on the Francis Scott Key Bridge in Baltimore when it was struck by a large cargo ship and collapsed into the Patapsco River, shutting down a critical artery for East Coast shipping, authorities said. | USA Today
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China puts trust in AI to maintain largest high-speed rail network on Earth | South China Morning Post
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London Stock Exchange (LSE) Will Start Market for Bitcoin and Ether ETN’s May 28 | Coindesk
👆 Goldilocks pointed to this article
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Project Neo: gaining new economic insights with AI and novel data sources | BIS
