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(Note: If you’re looking for more news regarding cryptocurrency, please visit our website Bitcoin Commando. All crypto news will be posted there. ~ Dinar Chronicles)
Goldilocks and Seeds of Wisdom
“The U.S. is in a dilemma about whether to upgrade the non-market economy status of Vietnam to that of a market economy.”
The U.S. Department of Commerce has until late July to complete this review and decision.
A market economy would bring with it significant trade relationship opportunities.
Vietnam would become a country where supply and demand would determine prices on their goods and services.
A shift in a monetary policy such as this would bring more power back to the people and less to the government.
It would move from government intervention powers for the stabilization of their currency to incentives toward supply and demand determined by the people and the industries they promote.
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A move like this tends to put price pressures on a country’s currency. One of the hallmarks of a market economy would be a stronger Vietnamese Dong.
This would make imports cheaper for them and exports more expensive for other countries determining new exchange rates for all parties involved in trade.
Vietnam Briefing | HickmanMills
WATCH THE WATER.
© Goldilocks
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EU Basel 3 Standards Announcement:
“The legislative package to implement the International Basel III Standards is now adopted by the European Parliament Plenary and Council.”
This is the signal for banks to move urgently towards CRR3 compliance deadlines. These mandates include Credit Risk, Market Risk, Output floor, ESG Pillar III and Reporting rules.
The new regulations will begin to shift their economy affecting trade relations around the world by these decisions.
The full implementation of EU’s Basel 3 has to be completed by January 1st, 2025. This will begin to shift all economies around the world into new price pressures on everything.
“The European Union collectively has $8.1T in circulation, making it the fourth largest in the world, behind Japan ($8.9T).”
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As you can see, the changes currently being made by the above two countries will have a significant impact on money flow going forward. These new changes will be in fluctuation for the rest of this year determining new price pressures on all economies around the world.
Wolters Kluwer 1 | Wolters Kluwer 2 | Bank of America | Linkedin
WATCH THE WATER.
© Goldilocks
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Hong Kong Market Tokenization Announcement:
“Project Ensemble is the HKMA’s new wholesale central bank digital currency (wCBDC) project to render support to the development of the tokenization market in Hong Kong.”
Project Ensemble is another digital currency initiative. It is one of many pilot programs that are currently being e******d in Hong Kong.
mBridge and Genesis are currently being e******d inside Hong Kong. These projects will support the underlying infrastructure of the Hong Kong economy.
Project Genesis and mBridge will provide liquidity and a multi-CBDC platform developed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs.
AFP | Bitcoin News | BIS 1 | BIS 2
© Goldilocks
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Hong Kong’s Monetary Authority to replace ‘Virtual Bank’ with ‘Licensed Digital Bank’ to Boost Public Confidence | South China Morning Post
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Russia court allows seizure of $13 million of JPMorgan and Commerzbank assets | MSN
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Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards – Bitcoin News
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Project Genesis 2.0 | Youtube
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Project mBridge | Youtube
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HK launches Project ‘Ensemble’ to support tokenization with wCBDC | Web3 | 3.0 TV | Youtube
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The Global Digital Currency Market is currently in pilot programs that will transition us and our currencies into real values.
This is a digital process and not a date. Stay tuned as new information develops.
© Goldilocks
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CFTC Chair Says ‘Another Cycle of Enforcement Actions’ Coming As Crypto Enters New Phase of Asset Appreciation – The Daily Hodl
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Research and Analysis – working paper: Evolution of Asia’s outward-looking economic policies: Some lessons from trade policy reviews | WTO
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Source: Dinar Recaps
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Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
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