Goldilocks’ Comments and Global Economic News Thursday Afternoon 10-5-23
Good afternoon,
The United Nations is essentially recommending to central banks worldwide to reconsider the 2% inflation target to prevent a full-blown recession.
The script continues to get better by the day.
What a time to be alive.
Read: https://x.com/goldtelegraph_/status/1709709628442075591?s=46
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Dubai’s move to oversee stablecoins should ‘bring certainty’ to regulatory grey area
Pinsent Masons Link
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CBDC lays foundation for new global monetary system: French central bank
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“Project Atlas combines on- and off-chain information to create a data platform that allows policymakers and central banks to analyse international flows of cryptoassets.”
This is a Bank of International Settlements project that will analyze Global Crypto Flows between two International entities.
It will provide a “proof of concept” or a testing of financial potential capable of giving authentication to move forward in a trade.
© Goldilocks
BIS Link
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“UBS Asset Management Launches Tokenised VCC Fund Pilot in Singapore”
VCC is a Venture Capital Corporation that invests in emerging and startup companies.
These Quantum Technologies are beginning to merge with one another as the Protocol 20 upgrade continues to bring these companies together.
This is one of many companies under the umbrella of Project Guardian orchestrating the use of tokenized assets.
© Goldilocks
Regulation Asia Link
https://www.acra.gov.sg/business-entities/variable-capital-companies
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Singapore, 5 October 2023… The Bank for International Settlements (BIS) and central bank partners today launched Project Mandala, which explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border use cases such as foreign direct investment, borrowing and payments.
https://twitter.com/MAS_sg/status/1709831027693424808?t=zyvqec06HQ0DMwBq1Xe4vA&s=09
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Banking Announcement:
Basel Committee on Banking Supervision recently gave a good report on the Basel 3 implementation taking place around the world.
“The Basel III implementation dashboard shows progress by Singapore, South Korea, Japan, Australia, Indonesia and India.”
© Goldilocks
https://www.regulationasia.com/bcbs-reports-good-progress-on-basel-iii-implementation/
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“Functions of Hong Kong Exchanges and Clearing Limited (HKEx)
The company is a global platform for raising capital for issuers based in Hong Kong, throughout China, and around the world. Its main services include listing, trading, clearing (https://www.investopedia.com/terms/c/clearing.asp), market data, reference prices, and connectivity.”
Banking Announcement:
On October 9th, 2023, the HKEX Settlement acceleration platform known as HKEX Synapse will launch an improved version of their post-trade efficiencies.
© Goldilocks
Regulation Asia Link
Investopedia Link
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Chinese payment service aiming to enter Russian market – RBK
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There is a clear shift from program developments in the new digital economy to digital payment systems being interfaced with one another. (Protocol 20)
More articles are starting to come out on Basel 3 implementation as well around the world. These new Capital Requirements will provide our tokenized assets with real support and real values in the commodity sector of the markets.
It is important to note that we are witnessing more involvement with the BIS, IMF, and the World Bank in these new projects. These entities are the great influencers that will bring about the Bretton Woods 3 agreement.
© Goldilocks
https://dashboard.stellar.org/
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World Bank warns of sluggish growth, high inflation – Business
https://www.dawn.com/news/1779253
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IRAQI NEWS BREAKING NEWS CBI ANNOUNCEMENT!
We talked about the Iraqi Dinar going International about a week or two ago.
January 1st, 2024 is when all of this begins. Will it be a reinstatement or an RV? We are about to find out.
It is starting to be understood how important this move is.
© Goldilocks
https://youtu.be/hBBDXqjaRQE?feature=shared
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👆 Not calling it as an RV date, but the changes sure do look good for something to begin happening.
© Goldilocks
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Department of Investments and Foreign Transfers, Mazen Sabah Ahmed, issued a clarification regarding the statements attributed to him in Reuters, saying that they included journalistic formulations that were reported by the agency in an inaccurate form. Ahmed confirmed:
The Central Bank guarantees dollar deposits, and the citizen who deposited his money in dollars with any Iraqi bank previously or by the year 2024 has an inherent right to receive these amounts in cash and in US dollars.
There was no mention in the press interview of expectations that the exchange rate would reach 1,700, and that the Central Bank has its own tools that it uses to reduce the difference between the two prices, and there are no indications that the exchange rate in the parallel market will reach this level. On the contrary, there are measures being taken that will contribute to reducing the difference.
The reforms undertaken by the Central Bank of Iraq aim to achieve compliance of the bank and the banking system in general with international compliance standards, and to prevent the dollar from reaching parties prohibited from obtaining it or speculating with it.
The announcement that the date of 1/1/2024 will be the beginning of stopping cash withdrawals includes transfers received only from outside Iraq according to certain arrangements that guarantee the sustainability of the business and does not in any way include citizens’ balances in US dollars.
Central Bank of Iraq
https://cbi.iq/news/view/2432
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