Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good morning Dinar Recaps,

Goldilocks posted a commentary with multiple links:

Forex trading is regulated as trading in either a security or a derivative.

Its regulation varies depending on provincial legislation.

Form 144 also known as the Securities Exchange act of 1933 has undergone a revision.

The form now has to be filed in digital format. It is gone through several steps to get to the legislative process

It was just presented last Thursday to Congress. Currently, it is sitting on “introduced status.”

As we have discussed, Congress is currently working on currency reforms digitally and paper currencies.

Below is an article that lists current restricted securities. Iraq is not currently on that list, but it’s association with Iran still makes it a risk.

This is why Rule144’s adoption is important: “When you acquire restricted securities or hold control securities, you must find an exemption from the SEC’s registration requirements to sell them in a public marketplace. Rule 144 allows public resale of restricted and controlled securities if a number of conditions are met.”

https://www.b2bpay.co/list-restricted-currencies

https://www.chathamhouse.org/2023/03/are-new-us-financial-restrictions-iraq-missing-their-target

https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144

https://www.sec.gov/edgar/filer-information/form-144-resources-filing-electronically