Goldilocks’ Global Economic News 5-29-2024
Commerz Banking Announcement:
“Commerzbank has completed a strategic migration and simplification of its global FX, FX derivatives, equities and commodities activity, streamlining trading and risk in Murex’s integrated MX.3 platform.”
MX.3 is a cloud-based solution. It enables public agencies, banks, clearing brokers and other businesses to manage operations in trading, costs, funding, risk management, compliance tracking, and more.
Several banks are making their transition into the new digital economy. This is one of many that are currently involved in making foreign currency exchange possible. AssetServicingTimes | Murex News
© Goldilocks
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e-HKD Announcement:
“The Hong Kong Monetary Authority (HKMA) is accelerating its exploration of a central bank digital currency (CBDC) with the launch of the next phase of its e-HKD pilot program. A key area of focus will be the use of e-HKD for mortgage pricing and disbursement, potentially offering benefits for both consumers and banks.
This initiative follows a successful six-month trial that concluded last October, providing valuable insights into potential applications for digital currency. The new phase will involve a deeper dive into the technology, business models, and regulatory frameworks surrounding e-HKD transactions.”
This comes at a time when Hong Kong is in process of going through their Inspection of Crypto Platforms’ Offices Licensing process.
June 1st, 2024, is the deadline for applications to be finished and inspections to begin. This process will ensure that new monetary policies and regulations are being followed. CrypTotimes Bitcoinist
© Goldilocks
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CBDC Announcement:
“In a vote of 216 – 192, the House of Representatives passed Emmer’s bill that would prohibit the Federal Reserve from issuing a surveillance-style central bank digital currency (CBDC) that could give the federal government the ability to monitor and control individual Americans’ spending habits.”
This new bill is moving through Congress as we speak. It does not mean that Retail CBDC is going away entirely. It just means that the ability to know and interfere with your private affairs through a Central Bank Digital Coin is an issue no one wants to live with going forward.
Project Tourbillon is in the works to produce a form of cash like anonymity for Retail CBDC. The protection of people’s identities is currently being tested. There is a question of speed that needs to be resolved along with the above therefore mentioned.
Last Updated on March 21st, 2024.
This is the name for the trial of a prototype Central Bank Digital Currency (CBDC), using technology based on David Chaum’s eCash 2.0 design. (See link below) Emmer House BIS Pat Crypt
© Goldilocks
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“Thailand will apply to become a member of the BRICS economic bloc, the government of the Southeast Asian country announced on Tuesday.”
To give you an idea how important this move is. Vietnam is the largest trading partner with Thailand at the present time. This could shift when they become a market economy in July adding to the ability to trade with the US as well.
It is just simply important to note that the world Trading Map is changing rapidly. As we have discussed before, 80% Plus trades are done across the waters. This is more than enough of a percentage to change exchange rates on a global scale.
This is also why the World Trade Organization is reconfiguring trade exchange rate percentages and plans on presenting them to us the second half of this year. BigNewsNetwork Trade
Watch the water.
© Goldilocks
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Project Tourbillon explores anonymity for digital payments | Youtube
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Semler Scientific unveils strategy for Bitcoin Treasury | Crypto News
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Ripple and Axelar Foundation Partner to Enhance XRP Ledger’s Interoperability Across Blockchains | Axelar
Ripple and Axelar Foundation are partnering to bring seamless interoperability to the XRP Ledger (XRPL) across a diverse range of blockchain networks. XRPL is a decentralized, layer 1 blockchain with reliability and stability proven for over a decade that is trusted by businesses and builders globally for the efficient tokenization and exchange of crypto-native and real-world assets. This collaboration aims to drive forward a more interconnected blockchain ecosystem, offering developers new opportunities for integration and application development. Axelar’s network will serve as an additional resource to further broaden XRPL’s utility and reach.
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Digital Asset Investor | Twitter
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Microsoft introduces Copilot bot for Telegram users; here’s how it works – BusinessToday
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BBPA_20240529174000.pdf
Here is the Treasury BuyBacks we talked about yesterday.
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“Master’s in Digital Financial Technologies at KSU”
👆 It looks like we are far enough along with understanding the new Financial System that we can now teach a class in it.
Somebody has the full picture, or they would not be able to teach it. Drive News Letter
Here we go.
© Goldilocks
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IMPORTANT Iraq Loosing Millions Each Month | Youtube
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European Commission Arm Says Convergence of Blockchain and AI Is ‘Upcoming Trend’ To Watch – The Daily Hodl
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Master of Science in Digital Financial Technologies (Fintech) | Kennesaw State University
Here is another one. Do you see a trend?
