Goldilocks and Seeds of Wisdom
Goldilocks posted news links and comments today:
New protocols are currently being reintroduced in the Forex Markets. Going forward, market forces will determine new exchange rates.
Investors and Exporters on the Forex window are now being determined by buyers and sellers.
In other words, FX trades going forward are to be made at market-determined exchange rates.
What this means is we are going to a true supply and demand currency market determination on goods and services based on the real values.
SOFR practices will guide these new protocols with new rules and regulations. This will usher in a collateralized economy known as a gold standard in trade.
These changes are taking place as we speak and have to be in place by June 30th when we transition from Libor to SOFR.
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As I have been sharing with you for months, WATCH THE WATER.
CBN Confirms Changes To FX Market, Forces To Decide Exchange Rates
Channels TV LINK
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“A free-floating exchange rate occurs when a government allows the exchange rate to be determined purely by market forces and there is no attempt to ask the central bank to influence the external value of the exchange rate.”
https://www.thecable.ng/its-official-cbn-announces-unification-of-all-exchange-rate-windows
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The new crypto regulations bill is now being prepared for a vote.
This bill will determine SEC and CFTC jurisdiction over our new digital economy.
We are moving along very nicely at this point in completing what we need to have done by the end of the month.
These new guidelines will give us clarity and direction for the future of our new economy.
Coinpedia LINK
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Another portion of our new crypto bill currently in Congress deals with whether or not certain tokens are securities or commodities.
This will give even further clarity upon the real values on assets these digital tokens represent.
This bill will provide guidelines, standards, and protocols for our new digital economy.
https://cryptodaily.co.uk/2023/06/security-or-commodity-congress-to-vote-on-clarity-for-crypto
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Source: Dinar Recaps
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