Goldilocks’ Comments and Global Economic News Monday AM 1-22-24
Good morning ,
“SEC Updates Digital Token Regulations and Asset Custodial Services”
The Securities and Exchange Commission has updated some rules to governing digital tokens and digital asset custodial services.
Key Changes:
* lifting investment restrictions on certain digital tokens
* establishment of criteria for businesses that provide custodial wallet services
* required to seek permission prior to engaging in other business activities
* SEC has also made more noticeable service standards
These took effect on January the 16th, 2024. It shows a commitment to move forward with the new Digital Asset Based Trading System by the SEC.
© Goldilocks
BNN Breaking
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🔴 BRICS DILEMMA: Saudi Arabia Sends Mixed Messages On BRICS, Deletes Media Reports of It Joining
👆 Goldilocks pointed to this article
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China and Russia test ‘hack-proof’ quantum communication link for BRICS countries
Scientists in Russia and China have established quantum communication encrypted with the help of secure keys transmitted by China’s quantum satellite, showing that a Brics quantum communication network may be technically feasible.
The scientists were able to span 3,800km (2,360 miles) between a ground station close to Moscow and another near Urumqi in China’s western Xinjiang region to send two encoded images secured by quantum keys. SCMP Link
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US bank regulator: new liquidity rules needed to handle bank runs
Jan 18 (Reuters) – A top U.S. banking regulator on Thursday called for new liquidity rules to help lenders respond to runs by depositors of the kind that felled Silicon Valley Bank and other mid-size banks last year.
“I believe a new targeted regulatory requirement for mid-size and large banks to have sufficient liquidity to cover stress outflows over a five-day period warrants serious consideration,” Acting Comptroller of the Currency Michael Hsu said, according to a copy of prepared remarks.
Hsu’s remarks were the latest sign that regulators are continuing to tinker with the rule book after a spate of bank failures in the spring of 2023. (Reporting by Douglas Gillison; Editing by Chizu Nomiyama)
https://finance.yahoo.com/news/us-bank-regulator-liquidity-rules-143000226.html
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