Goldilocks’ Comments and Global Economic News Thursday AM 11-2-23

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Goldilocks’ Comments and Global Economic News Thursday AM 11-2-23

Good morning ,

“The New Development Bank Bill, 2023 was passed in parliament on Wednesday to welcome funds from the lending arm of BRICS.”

Although this bill still needs to be ratified, the New Development Bank is well on its way to being able to lend money to those who join the BRICS Nations such as Bangladesh.

© Goldilocks

https://www.newagebd.net/article/216581/new-development-bank-bill-2023-passed-in-js-to-get-brics-funds

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The global standard-setters have declared that no current stablecoin satisfies all pertinent regulatory mandates and that even if a fully compliant stablecoin were to emerge, its efficacy in enhancing cross-border payments remains questionable.

This revelation is like to be a topic of discussion at Benzinga’s Future of Digital Assets conference on Nov. 14.
Benzinga Link 

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Gold prices will rise in 2024 from this year’s average on bets that global central banks would start monetary policy easing and after the Middle East conflict provided a boost to gold’s safe-haven rally above $2,000, a Reuters poll showed on Wednesday.

https://www.reuters.com/article/metals-precious-gold-idUSKBN31W2U3

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Biden’s Executive Order on AI Set to Transform Cryptocurrency Market
The Currency Analytics Link

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Banking Announcement:

UK Confirms Plans to Implement New Rules for Crypto, Stablecoin

ByEditors, Regulation AsiaPublished on 1st November 2023

Treasury says the government aims to have legislation for the new regime before Parliament in 2024.

https://www.regulationasia.com/uk-treasury-confirms-plans-to-implement-new-crypto-rules/

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ANNA ISINs, and The Digital Token Identifier Foundation (DTIF) have entered a joint Memorandum of Understanding (MoU).

The MOU will allow the phased introduction of new ISINs to identify crypto assets.
AssetServicingTimes Link

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Global watchdog: Stablecoin cons outweigh pros for cross-border transactions
https://crypto.news/global-watchdog-stablecoin-cons-outweigh-pros-for-cross-border-transactions/

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Healthcare payments company Waystar has postponed its initial public offering, according to a source familiar with the matter, as market turmoil in the United States threatens to derail a recovery in new stock listings.

The company will revive its IPO efforts in December at the earliest but is more likely to wait until 2024, said the source, who requested anonymity to discuss confidential information.

https://www.reuters.com/markets/deals/waystar-delays-ipo-until-december-or-2024-wall-street-journal-2023-10-31/

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“India Paves the Way for Foreign Listing of Public Companies”

India is leading the way on getting their public companies listed in foreign exchange markets.

The Ministry of Corporate Affairs is currently notifying some of their companies and securities that they can list overseas.

Look for other countries to do the same.

© Goldilocks

https://www.arabianbusiness.com/markets/india-to-allow-certain-public-companies-to-list-directly-on-foreign-stock-exchanges

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