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Goldilocks and Seeds of Wisdom
Goldilocks posted some news links with comments:
House Republicans have moved from discussions to a proposal, and now, a draft of digital asset regulations.
Ripon Advance LINK
At the Commodities Futures Trading Commission open meeting today, the CFTC Approved the final governance rule, two proposals, and other business items on the table.
Below, you will see the approved items. These approved items have to deal with our currency swaps, recording requirements, and digital assets swaps.
These approved determinations will govern our digital/currency economy going forward.
* “Final Rule: Governance Requirements for Derivatives Clearing Organizations
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* Proposed Rule: Derivatives Clearing Organizations Recovery and Orderly Wind-down Plans; Information for Resolution Planning
* Proposed Rule: Amendments to Part 17 Large Trader Reporting Requirements
* Notice of Proposed Determination and Order/Request for Comment: Capital Comparability Determination in connection with an Application Submitted on behalf of Nonbank Swap Dealers Domiciled in the French Republic and the Federal Republic of Germany and Subject to Capital and Financial Reporting Requirements of the European Union”
I realize these items have been mentioned before, but they are settled now and ready to move forward.
Did you notice the large trader reporting requirement? They are expecting large transactions in the near term.
https://www.cftc.gov/PressRoom/PressReleases/8714-23
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The Swift System is having inoperability issues in interfacing with multiple blockchain networks.
They are currently reaching out to these already-established networks to solve some of these issues.
Uh Oh. Does this mean that the QFS is about to take the lead as the Swift System attempts to catch up?
We are at a crossroads, but we do have an alternative already in place, and it is decentralized on Web 3.
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“FedNow instant payments are about to unlock fintech investment opportunities”
The FEDNOW instant payment services are now in the process of integrating/interfacing investment opportunities onto their services this month.
It will be competing with India’s UPI International payment service and the BRICS International payment service.
Tech Crunch LINK
Source: Dinar Recaps
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Goldilocks and Seeds of Wisdom
Goldilocks just posted an informational comment:
Just received word from our CBI Banker contact in Iraq. Their budget has not passed yet. And, there isn’t a rate change yet. Dee is expected to receive an update tomorrow. We will let you know if something comes in.
Source: Dinar Recaps
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