Thank you to all the subscribers to our Early Access program…we thank you for your continued support.

We are excited to offer this new service to keep you informed and up-to-date on the latest Dinar and currency news.

DINARRECAPS8 3/30/25 DINARRECAPS8 3/30/25

Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-30-25

Good Afternoon Dinar Recaps,

UK FREEZES MILLIONS IN CRYPTO SINCE IMPLEMENTING NEW POWERS

According to an investigation by MailOnline, UK authorities have frozen approximately £6 million ($7.7 million) in crypto since new enforcement powers came into effect last year.

The measures, introduced in April 2024, allow police, law enforcement agencies, and HMRC to freeze suspicious cryptocurrency wallets for up to three years.

Court documents reviewed over the past six months reveal the largest single freezing order was for £1.5 million worth of cryptocurrency held in a wallet hosted by US-based exchange Coinbase.

Good Afternoon Dinar Recaps,

HMRC requested this order and issued it at Newcastle Upon Tyne Magistrates’ Court on March 18.

The total frozen amount could be higher, as court data from Courtsdesk only covers the past six months due to legal restrictions. The new powers were designed to address the growing use of digital currencies for money laundering, tax evasion, and terrorism financing.

Legal expert says £6 million is a modest amount

Legal experts offer differing perspectives on the importance of these seizures. Nick Barnard, a cryptocurrency legal specialist and partner at Corker Binning, described the £6 million figure as relatively modest “in the grand scheme.” Barnard noted that the new enforcement regime started from scratch last April and needs time to develop fully.

However, lawyer Siobhain Egan told MailOnline that the government is directing increased resources toward freezing cryptocurrency assets. This is part of an aggressive strategy to combat money laundering and terrorism financing, Egan adds.

The freezing process usually involves investigators applying for orders without notifying the alleged criminals. This prevents them from moving Bitcoin or other crypto.

“If police have a major investigation into organized criminals laundering money through crypto, they will go in and seize the assets before they finalize the investigation,” Egan explained.

The UK government is improving its cryptocurrency enforcement actions through the Crime and Policing Bill. The legislation includes provisions for valuing cryptocurrency, implementing procedures for courts to recover illicit funds, and granting the Crown Court expanded powers to issue seizure orders.

@ Newshounds News™
Source: Crypto News

~~~~~~~~~

BRICS TO GREENLIGHT CROSS-BORDER PAYMENT SYSTEM TO COUNTER US DOLLAR?

One of the biggest storylines to develop this year has been the ongoing turmoil between the West and the global south. Since his arrival, US President Donald Trump has targeted the group in an effort to end its de-dollarization plans. However, those may be set to take a step forward as the BRICS are lining up a new cross-border payment system that could counter the US dollar.

The bloc has continued to stand by its hopes of diversifying global finance. Although it has not targeted the greenback directly, its moves have sought to lessen reliance on the currency as a global reserve asset. Now, their latest plan may be forwarding that effort, and Trump’s interpretation could have massive ramifications.

BRICS to Launch Cross-Border Payment System: How Will Trump Respond?

At the start of the year, US President Donald Trump threatened BRICS nations with 150% tariffs. Specifically, the move was seeking to counter its promotion of local currencies. This was primarily driven by that promotion, resulting in a lessening of the US dollar’s status.

Although the bloc has capitulated since the warning was issued, things may be changing. Indeed, the BRICS bloc may be nearing a green light for a cross-border payment system that could affect US dollar reliance. Now, all eyes are on what that could mean for the greenback and how Trump will respond.

According to a recent report, Russian Finance Minister Anton Siluanov discussed the development of the payment system on Friday. “At the BRICS platform, we are considering our various financial innovations,” he said.

Moreover, he added that this includes “a cross-border payment system, which can be based, in addition to bilateral settlements, on national currencies, taking into account digital technologies and digital financial assets.”

That highlights the system to be critically focused on alternative currencies to the US dollar. Moreover, that pursuit is nothing new to the BRICS members. It has long been subjected to harsh Western sanctions and has since sought to settle trades in alternative currencies. With the rising prominence of crypto, that could also be used in this new payment platform.

It will likely do what similar BRICS projects have done in the past: provide a key area of exploration for developing nations and align countries. It will threaten the US dollar, but not by much. The currency won’t be dethroned as the top global reserve asset. However, the question is now if President Trump will see it that way.

@ Newshounds News™

Source: Watcher Guru

~~~~~~~~~

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Thank you Dinar Recaps

DINARRECAPS8 3/30/25 DINARRECAPS8 3/30/25

Settling A Loved One's Estate Can Take Up To '900 Hours Of Effort

Sara Belcher · Podcast Writer Updated Mon, March 24, 2025 Yahoo Finance

After a loved one dies, those left in charge of settling the estate can spend months tying up loose ends.

"No matter how well you did your planning, there is a house, cars, financial accounts," Hugh Tamassia, co-founder of the estate settlement company Alix, said on the Financial Freestyle podcast (see video above or listen below). "There are subscriptions. There's insurance policies. There's utilities. There's the newspaper that lands on the front door that has to be canceled. There's all these things that have to be dealt with by the next generation. And these things can take up to 900 hours of effort for the children of someone who's passed away."

Settling A Loved One's Estate Can Take Up To '900 Hours Of Effort

Sara Belcher · Podcast Writer Updated Mon, March 24, 2025 Yahoo Finance

After a loved one dies, those left in charge of settling the estate can spend months tying up loose ends.

Tamassia, who spent years working at financial institutions like JPMorgan Chase & Co., American International Group, and Acorns, pointed out that every American will face estate settlement, though they will likely only need to deal with it once in their lifetime.

The Silent Generation and baby boomers are expected to pass up to $84.4 trillion to their children through 2045. But without the proper handling of estates, it'll be difficult for the receiving generations to maintain and build on that inherited wealth.

"It doesn't matter whether you're poor or rich, everyone is going to have this problem," Tamassia said.

However, he noted that estate planning tends to fall more on women and underserved communities. Over 60% of the time, it's the eldest daughter who is expected to wrap up the estates of baby boomer parents, Tamassia said.

"The most common mistake is underestimating what's really ahead of you," he explained. "There's actually an enormous amount of work in shutting down someone's life beyond just what we would immediately think are the small things that need to be done. And the problem is most people don't learn this until they get halfway into it and it's too late."

So what can be done to make this process easier on family members? Tamassia recommended starting by creating a will and establishing a trust.

"But that doesn't handle everything," Tamassia said. He noted that a will and trust don't handle subscriptions, credit card payments, and other smaller financial matters that must be dealt with after a person's death. And the lawyer executing the will isn't likely to advise the deceased's loved ones on these steps either.

"The best plans begin to go stale the moment you leave the lawyer's office," Tamassia said. "If you don't refresh those plans constantly, there's always some assets out there."

Dinar Recaps 20 3/30/25 Dinar Recaps 20 3/30/25

Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist

From Recaps Archive by request……..

Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.

Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist

For your own records

Bank Name_________________________________________

I have________________________ IQN(Iraqi)currency

From Recaps Archive by request……..

Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist

For your own records

Bank Name_________________________________________

I have________________________ IQN(Iraqi)currency

I have________________________VNN(Vietnamese)currency

I have________________________1000 notes from2000 ofIDN (Indonesian)currency

I have_________100Trillion,________50Trillion,_______20Trillionand_______10Trillion
2008AAnotesofZWN(Zimbabwe)currency

FILL IN THE BLANKS for EXCHANGE appointment information that you get from the call
center representative:

Your appointment Information:

Date_________________________

TIME_________________________

The Location____________________

------------

The Day of Your Appointment- Things To Do

1. Make sure you know where you are going. Arrive early so you can “get yourself together, take a deep breath”.Do not loiter. If you are too early, stay SECURELY in the general area but not in the bank
parking lot!

2. Remember to get in and get the EXCHANGE done, there a lot of other people behind you in line so be thoughtful of their time as well.

You will have time for questions at your second appointment with your new Private Banker/Wealth Manager.

3. Be discrete, be professional, and be alert and aware of your surroundings. BREATHE! Seriously consider hiring security to accompany you to your appointment or bring a trusted friend.

4. Collect business cards from everyone or take their name and phone numbers as well as the location of their regular branch office.

5. Read and Sign the NDA. If it is simple and states you cannot tell anyone except your spouse, lawyer, or CPA (These are the people that need to know how you came about your money for tax purposes) how you came about all of your new found wealth, sign it and move forward with your exchange.

Be prepared to uphold it!

If you break the terms, you could lose your newfound wealth.

If the NDA is more complex and you are not comfortable with it, simply let them know you would like to explore your options with another banking institution. They may or may not waive the NDA.

REMEMBER TO GET A COPY OF THE NDA IF YOU SIGNED IT.

--------------

The Day of Your Appointment Things NOT To Do

Do not demand anything while at the bank or act like a lunatic, you will be escorted out.

Remember the Golden Rule “Treat others the way you wish to be Treated”!!!

------------

Suggested Items to Bring to the EXCHANGE Appointment

(Check off the list as you put all items needed together to make sure you remember everything)

“Driver’s License

“Second form of ID (a credit card or passport)

“Your most recent utility bill (Water, power, etc.) to confirm residency in case you have never held an account with the bank you will be exchanging with or for another form of ID

“Power of Attorney Paperwork (If you are exchanging for someone else)

“A pad, pen to take notes, calculator

“Receipts for all currency purchased or gifting letter if they were a gift in case they are needed (Do not offer them, only do so if they are requested)

“IQN / VNN / IDN / ZWN currency

“Have your TOD designees (Transferable on Death) full legal names, phone numbers, addresses and Social Security Numbers written down that you want listed on your accounts.

You can have multiple TOD designations per account (Wife/Husband, Children, Grandchildren, Nieces/Nephews, etc.)

“Have a list of Cashier’s Checks you will need, if any, along with the exact amounts and who they need to be Payable to

~~~~~~~~~~

New Account Numbers for each Currency EXCHANGED

( SOME SAY TO NOT EXCHANGE ALL CURRENCIES IN TO ONE ACCOUNT, OPEN SEPARATE ACCOUNTS FOR EACH CURRENCY!!!!...BUT THAT MAY HAVE CHANGED OVER THE YEARS)

Name of Bank Exchanger____________________________________________

Bank____________________________________________

Branch___________________________________________

Checking Account Number__________________________________________

Checking Routing Number__________________________________________

Savings Account Number (Deposit 50% of your Exchange for Taxes just in case and do not touch until Tax Time)_________________________________________

Add TOD (Transferable on Death) Names to Accounts (Checking and Savings)

“Make sure you receive copies of the deposit slips and all account information

“Get Clean and Clear Certificates – at least 10 or more (Documentation that your money is not tied to anything illegal)

“Get starter checks if needed until your checks arrive

“Get ATM card if you want one

“Set up Online Banking if wanted

“Inquire about Extra Insurance for your funds __________

(Use the same format for all currencies if they are also exchangeable at this time)

~~~~~~~~~~~~~~~

DID YOU GET A COPY OF YOUR SIGNED NDA?

Set second appointment with a Private Banker or Wealth Manager (The bank will guide as to who you need to speak with based on your EXCHANGE/deposit amount

This appointment will be the one in which you discuss all of your options for investment and
your “perks”

Private Banker Name__________________________

Telephone Number____________________________

Appointment time______________

Location___________________________

Dinar Recaps 20 3/30/25 Dinar Recaps 20 3/30/25

News, Rumors and Opinions Sunday 3-30-2025

KTFA:

Clare: Office of Grand Ayatollah Sistani: Tomorrow, Monday, is the first day of Eid al-Fitr.

3/30/2025

Najaf -

The office of the Grand Ayatollah Ali al-Sistani announced that tomorrow, Monday, is the first of Shawwal 1446 AH, and the first day of Eid al-Fitr.

KTFA:

Clare: Office of Grand Ayatollah Sistani: Tomorrow, Monday, is the first day of Eid al-Fitr.

3/30/2025

Najaf -

The office of the Grand Ayatollah Ali al-Sistani announced that tomorrow, Monday, is the first of Shawwal 1446 AH, and the first day of Eid al-Fitr. LINK

************

Clare: The Central Bank to Nina: We will launch a major initiative to finance industrial projects.

3/30/2025 Baghdad /

The Central Bank of Iraq announced its intention to launch a major initiative to finance industrial projects in cooperation with the Trade Bank of Iraq and the Industrial Bank.

The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), "We are currently making arrangements to finance major industrial projects through coordination between the Trade Bank of Iraq and the Industrial Bank, by taking advantage of the liquidity available at the Trade Bank of Iraq and recycling these funds in the Industrial Bank to launch a major initiative to finance industrial projects in Iraq, which will see the light soon."

He added, "This initiative was recently proposed by the Council of Ministers, within the framework of the government banking sector reform program and government procedures with the Central Bank, indicating that the Council of Ministers agreed to have cooperation between government banks with a financial surplus to finance a package of industrial projects through the Industrial Bank."

He explained that "all other projects are financed according to their sectoral channels, within the general government direction to support industrial, agricultural, housing, education, health, investment and other projects." LINK

************

Courtesy of Dinar Guru: https://www.dinarguru.com/

MarkZ [via PDK] I continue to hear from bond contacts that they were told they would conclude their transactions this coming week. They have been telling me that now for about 3 days. They are exceptionally hopeful that this movie is coming to an end and the roller coaster ride is almost over. I was always told when the bond holders get paid – currency folks...will go within 3-10 days.

Militia Man 1310 is not a traditional currency. What Iraq used to be is a 'previous era' from the old 'glory days', that was a traditional value. Is it going to be something like that? We're going to have to wait and see but obviously they're getting ready to show and launch a digital dinar in the country of Iraq.

************

STAGFLATION WARNING: Panic Begins as Inflation Rises, Economy Slows and Trade Policy Chaos Deepens

Lena Petroa: 3-30-2025

https://www.youtube.com/watch?v=m5quDRc2tls

MARKETS A LOOK AHEAD: "When Reality Is Distorted." (Beyond The Markets).

Greg Mannarino: 3-30-2025

https://www.youtube.com/watch?v=IVikUp3zRjc

DINARRECAPS8 3/30/25 DINARRECAPS8 3/30/25

Trump Says a ‘Disturbance’ Is Coming: 5 Things That Could Mean for Your Wallet

G. Brian Davis Fri, March 28, 2025 GOBankingRates

In an interview with Fox News, President Donald Trump agreed that American consumers may face some turbulence in the wake of his economic agenda. “There is a period of transition because what we’re doing is very big,” he said in the interview.

The interviewer asked him about the stock market and economic performance in the wake of tariffs, citing what he told Congress in a speech: “There will be a little disturbance, but we’re OK with that,” he said.

Trump Says a ‘Disturbance’ Is Coming: 5 Things That Could Mean for Your Wallet

G. Brian Davis Fri, March 28, 2025 GOBankingRates

**********************************

The turmoil surrounding the administration’s tariff policies and trade war talk have already rattled markets. The Motley Fool reported that the S&P 500 fell into a correction on March 13, defined as a fall of 10% to 20% from recent highs.

So what should you brace for as a consumer to prepare for a possible disturbance?

Inflation

Companies that import goods don’t just eat the cost when governments slap tariffs on their imports. They typically pass those costs on to consumers in the form of higher prices.

“Many big-budget items like cars and home renovation supplies will be hit with tariffs, resulting in instantly higher prices,” said Melanie Musson, personal finance expert with Clearsurance.

She added that many smaller items may hit Americans’ budgets even harder because we buy them more often. “Smaller items that aren’t on your radar will also get more expensive, such as insulated coffee mugs, produce and electronics,” she said.

As prices rise, the purchasing power of each dollar shrinks, and suddenly your nest egg isn’t worth as much anymore. It’s why people call inflation “the silent killer” of savings.

Shipping Delays

Trade wars don’t just cause prices to spike. They also disrupt supply chains and shipments, according to Gates Little of The Southern Bank Company.

“Surges in ordering before tariff hikes take effect can lead to traffic congestion, which slows delivery speed. As businesses update their sourcing, there can also be shortages in raw materials, delaying production times,” he said.

Some Goods Becoming Unavailable

Some companies may stop importing certain items altogether if they become too expensive to realistically sell in the U.S.

“Businesses pass that additional cost on to the consumer, leading to higher prices,” Little said. “Some may choose to discontinue affected products altogether, especially if they are unable to source the goods domestically.”

For example, the Trump administration has threatened 200% tariffs on European wines, per the Associated Press. But is there a market for paying $100 a bottle for Bordeaux that costs $30 everywhere else in the world?

Maybe not enough of a market to justify the hassle and cost of importing them.

Recession Risk

DINARRECAPS8 3/30/25 DINARRECAPS8 3/30/25

Iraq Economic News and Points to Ponder Sunday AM 3-30-25

Al-Sudani And Allawi Discuss Strengthening Economic Reform Efforts.

Time: 2025/03/29 20:42:37 Reading: 585 times {Politics: Al Furat News} Prime Minister Mohammed Shia al-Sudani received his former counterpart, Iyad Allawi, today, Saturday.

A statement issued by his media office, a copy of which was received by {Euphrates News}, stated: “The meeting witnessed discussions on strengthening government efforts and endeavors in the field of achieving economic reform, continuing the construction and reconstruction process witnessed by all Iraqi governorates, and meeting citizens’ aspirations.”

Al-Sudani And Allawi Discuss Strengthening Economic Reform Efforts.

Time: 2025/03/29 20:42:37 Reading: 585 times {Politics: Al Furat News} Prime Minister Mohammed Shia al-Sudani received his former counterpart, Iyad Allawi, today, Saturday.

He added, "The meeting also discussed developments in the region and the importance of coordinating efforts to support all steps that contribute to strengthening Iraq's security and ensuring its stability." LINK

The Foreign Minister Chairs The 14th Meeting Of Preparations For The Arab Summit In Baghdad

Thursday, March 27, 2025, 17:43 | Politics Number of readings: 107 Baghdad / NINA / Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired the fourteenth meeting on the ongoing preparations for hosting the upcoming Arab Summit in Baghdad in May 2025.

The meeting was attended by Minister of Interior Abdul Amir Al-Shammari, Minister of Finance Taif Sami, Secretary-General of the Council of Ministers Hamid Al-Ghazi, Mayor of Baghdad Ammar Musa, in addition to Undersecretary of the Ministry of Foreign Affairs for Administrative and Technical Affairs Ahmed Nayef, Undersecretary of the Ministry for Bilateral Relations Mohammed Bahr Al-Uloom, Chairman of the Political Committee of the Summit, and Undersecretary of the Ministry of Transport, representatives of the concerned ministries and bodies.

The attendees discussed the performance of the operations rooms and logistical support, and procedures for the summit ceremonies.

The decisions of the Media Committee were also reviewed, and developments in the work of the Political Committee were discussed, to ensure the completion of all necessary arrangements for the success of the summit. /End https://ninanews.com/Website/News/Details?key=1194437

A US Delegation Of 50 Companies Will Soon Be In Baghdad. This Will Be Discussed

Money and Business Economy News – Baghdad Iraqi Ambassador to Washington, Nizar Al-Khairallah, confirmed on Saturday that a delegation representing more than 50 American companies will visit Iraq.

The Iraqi Embassy in Washington stated in a post on the (x) platform, "Ambassador Al-Khairallah met with Steve Lutes, Vice President of the US Chamber of Commerce and President of the US-Iraq Business Council, along with his deputies."

The ambassador stated that "the meeting focused on discussing logistical arrangements for the upcoming visit of a delegation of American businessmen to Iraq, which will include representatives from more than 50 American companies specializing in energy, healthcare, education, transportation, and other vital sectors." https://economy-news.net/content.php?id=53907

The National Bank Of Iraq Raises Its Capital To More Than Half A Trillion Dinars After Recording An "Exceptional Year."

Banks Economy News – Baghdad The General Assembly of the National Bank of Iraq (NBI) approved, in its annual meeting, the Board of Directors' recommendation to increase the bank's capital from 400 billion dinars to 520 billion dinars, representing 30% of the capital, and distribute the increase as free shares to shareholders, in addition to a 20% cash dividend worth 80 billion dinars.

The bank said in a statement, "The bank's General Assembly, in a meeting attended by a number of board members, approved the board's report for the fiscal year, the final accounts for 2024, and the expansion plan for the current year, which includes the opening of six new branches in various Iraqi governorates. The General Assembly also approved increasing the number of board members to nine and elected a new board of directors."

Bassem Khalil Al-Salem, Chairman of the National Bank of Iraq's Board of Directors, said, "Last year was exceptional on all fronts, particularly in achieving qualitative accomplishments that reflect the bank's strength and resilience in the face of economic challenges, and in strengthening its presence as a leading financial institution in the Iraqi banking sector thanks to a clear strategic vision, prudent management, and a committed team."

Al-Salem emphasized that "these results were driven by flexible monetary policies and effective banking procedures by the Central Bank of Iraq, which responded quickly to economic and political changes, helped contain the impact of these changes on the Iraqi economy, and maintained exchange rate stability, which strengthened the role of the banking sector and protected the rights of depositors and shareholders."

Al-Salem said, "Last year witnessed an outstanding financial performance, as the bank achieved net profits after tax of 252 billion Iraqi dinars, compared to 190 billion Iraqi dinars in 2023. Net interest income also rose to 166 billion Iraqi dinars, compared to 100 billion Iraqi dinars, a growth rate of 66%."

He pointed out that total income will rise to 452 billion dinars in 2024, compared to 343.1 billion dinars in 2023, representing a growth rate of 31.7%. This reflects the effectiveness of the bank's strategy, which focuses on core banking services such as banking loans for individuals, large, medium, and small companies, and trade finance services for major companies.

Al-Salem expressed his gratitude to the Central Bank of Iraq, represented by the Governor and the Bank's staff, for their continued support of the Iraqi banking sector and their cooperation, which has contributed to the sector's development and provided an environment conducive to growth and development.

For his part, the Managing Director of the National Bank of Iraq, Ayman Abu Dahim, said, "Customer deposits increased to 3.5 trillion dinars in 2024, compared to 2.9 trillion dinars in 2023, a growth rate of 90%. Direct credit facilities also increased to 1.3 trillion dinars, compared to 951 billion dinars for the two years of comparison, a growth rate of 18%."

He explained that "this growth was the result of an expansion in loans granted to employees whose salaries are domiciled with the bank, as well as to small, medium, and large enterprises," stressing that "the growth in various financial indicators contributed to increasing the bank's assets to 5.1 trillion dinars from 3.9 trillion dinars, a growth rate of 29%."

Abu Dahim said, "For the first time in the bank's history, its assets are approaching this mark (5.1 trillion dinars), which reflects the growth in the volume of banking business, the increase in our market share, and our growing ability to serve our customers. Accordingly, the bank becomes the largest among Iraqi private banks in terms of asset size."

On the expansion front, Abu Dahim said, "We have added 104 new ATMs, bringing our network to 294, while the number of branches in Iraq has reached 33. We are also planning to open six new branches in early 2025, in addition to our branch in Saudi Arabia, which provides valuable services to Saudi and Iraqi companies."

He emphasized the bank's commitment to a comprehensive strategy focused on sustainability and digital transformation to serve customers. The bank has worked to keep pace with the latest technological developments and enhance information security and the efficiency of banking services, including installing the T24 banking system from the Swiss company Temenos and launching a new anti-money laundering management system (AML Sirion).

Regarding the bank's plans for 2025, Abu Dahim said, "We will continue to expand our branch network to reach 44 branches, in addition to increasing our ATM network to reach 400 ATMs, with a focus on developing and marketing electronic banking services, increasing the bank's share in trade financing for large companies, expanding the salary localization project and financing small and medium-sized enterprises, and expanding the attraction of deposits from individuals, companies, and official government institutions." https://economy-news.net/content.php?id=53904

For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/

DINARRECAPS8 3/30/25 DINARRECAPS8 3/30/25

Seeds of Wisdom RV and Economic Updates Sunday Morning 3-30-25

Good Morning Dinar Recaps,

CFTC FREES CRYPTO DERIVATIVES FROM EXTRA SCRUTINY

Crypto advocates scored big as the CFTC scrapped a directive singling out digital asset derivatives, easing scrutiny and marking a sharp split among U.S. regulators.

Barriers Drop—CFTC’s Crypto Retreat Sets Stage for Relentless Upside

Another win for crypto supporters arrived March 28 when the Commodity Futures Trading Commission (CFTC) announced that its Division of Clearing and Risk (DCR) has withdrawn Staff Advisory No. 23-07, a directive that had previously signaled increased regulatory scrutiny for digital asset derivatives.

The advisory, originally released May 30, 2023, had focused on the risks tied to the expansion of derivatives clearing organizations (DCOs) into digital asset markets, prompting concerns among industry stakeholders that crypto-based products would be singled out for tougher oversight.

The decision to pull the advisory took effect immediately. The CFTC explained the rationale behind its decision by referencing the accompanying withdrawal letter:

As stated in today’s withdrawal letter, DCR determined to withdraw the advisory to ensure that it does not suggest that its regulatory treatment of digital asset derivatives will vary from its treatment of other products.

Staff Advisory No. 23-07 had warned DCOs and applicants to anticipate closer scrutiny when introducing new business lines or clearing models involving digital assets. The advisory placed specific emphasis on compliance with system safeguards, management of operational risks, and rules surrounding the physical settlement of digital asset contracts.

Under the rescinded guidance, DCR had planned to focus reviews on areas such as cybersecurity, shared infrastructure between affiliated entities, and clear delineation of responsibilities in the case of physical delivery of digital assets.

The advisory also reminded DCOs to prepare for risk assessments tailored to the unique characteristics of digital products. While the withdrawal eliminates a standalone framework for digital asset clearing oversight, the CFTC noted it remains committed to maintaining robust standards while supporting “safe and sound, orderly, and fairly competitive clearing systems” through consistent regulation.

Meanwhile, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) have rescinded prior guidance that required banks to obtain regulatory approval before engaging in crypto-related activities. These efforts reflect a broader trend among U.S. financial regulators to reduce barriers and encourage responsible innovation in the digital asset space.

@ Newshounds News™
Source: Bitcoin News

~~~~~~~~~

TRUMP PLANS WHITE HOUSE VISIT FOR EL SALVADOR’S PRO-BITCOIN BUKELE

President Donald Trump is set to host El Salvador’s President Nayib Bukele at the White House in April.

The visit, reported by Bloomberg, follows Bukele’s agreement to detain hundreds of alleged Venezuelan gang members deported from the U.S., a move that aligns with Trump’s immigration enforcement agenda.

If finalized, Bukele will be the first leader from the Western Hemisphere to receive a formal White House visit under Trump’s administration. While no official date has been set, discussions are ongoing, and plans could change.

Bukele has actively courted Trump in recent months, positioning himself as a key regional ally on security and migration.

Bukele has drawn international attention for his strict crime policies, particularly his crackdown on gang violence, which has significantly reduced crime rates in El Salvador. His administration’s cooperation with U.S. deportation policies could further solidify his standing with Trump, who has made border security a top priority.

Bukele’s Bitcoin bet

Beyond security and migration, Bukele has made headlines for El Salvador’s bold embrace of Bitcoin Bitcoin. In 2021, his government made Bitcoin legal tender, positioning the country as a global experiment in cryptocurrency adoption.

The move has drawn mixed reactions, with supporters praising it as financial innovation and critics pointing to volatility and IMF concerns.

Bukele has remained a strong advocate for Bitcoin, using it to attract foreign investment and promote economic independence.

It is unclear whether Bitcoin will be a topic of discussion during his visit, but his meeting with Trump could signal potential shifts in U.S.-El Salvador financial relations.

@ Newshounds News™
Source: Crypto News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

Q & A Classroom Link

Follow the Roadmap

Follow the Timeline

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Dinar Recaps 20 3/30/25 Dinar Recaps 20 3/30/25

“Tidbits From TNT” Sunday Morning 3-30-2025

TNT:

Tishwash: The fate of 315 contract employees at the Ministry of Oil has been revealed - Urgent

Member of Parliament, Ali Al-Mashkoor, revealed today, Saturday (March 29, 2025), the fate of 315 contract employees in the Ministry of Oil.

Al-Mashkoor told Baghdad Today, "The Oil Minister informed Prime Minister Mohammed Shia al-Sudani that oil companies have the funds to finalize all contracts, including Contract 315, and to close this file at the ministry."

He added, "The Ministry of Oil is awaiting government instructions to approve the completion of the stabilization or to include a paragraph in the 2025 budget tables, which are expected to reach Parliament in the coming period."

TNT:

Tishwash: The fate of 315 contract employees at the Ministry of Oil has been revealed - Urgent

Member of Parliament, Ali Al-Mashkoor, revealed today, Saturday (March 29, 2025), the fate of 315 contract employees in the Ministry of Oil.

Al-Mashkoor expressed his "hope that the 315 contracts would be confirmed in all ministries to enhance their financial capacity to cope with the difficult living conditions."

According to statements by members of the Parliamentary Finance Committee, the 2025 budget schedules do not include any appointments due to the financial deficit it is suffering from, coupled with fluctuating oil prices, the mainstay of Iraq's revenues link

***********

Tishwash: The government completes the budget schedules amid a deficit that affects jobs and services in Iraq.

A government source reported on Saturday that the general budget schedules have been completed and will be submitted to the House of Representatives after the Eid al-Fitr holiday. The source indicated that it will be approximately $200 billion, with a large deficit that will reduce the operating budget and reduce service projects.

The source told Shafaq News Agency, "The general budget schedules have been completed in a preliminary form and may be transferred to the House of Representatives immediately after the Eid holiday. If this is not possible, it may arrive before the first half of next April so that the legality of its paragraphs can be discussed by the relevant committees in a manner consistent with government spending and the requirements of the stage."

The source explained that "the total budget amounts will be around $200 billion, with a significant deficit due to the significant decline in strategic reserves of gold and hard currency, in addition to the lack of financial liquidity due to the many projects that require significant spending."

The source indicated that "the operating budget will be reduced, and the pace of service projects launched by the government will be reduced. Consequently, we may witness an urgent budget, as the Independent High Electoral Commission is requesting its financial allocations by mid-April at the latest, to enable it to allocate its spending to prepare for the elections in October."

Economic experts have warned of the impact of delaying the approval of the general budget on economic activity in Iraq, given that it represents a strategic plan for economic development, job creation, and financial stability. At the same time, they emphasized the importance of disbursing the budget, rather than approving it without funding, as occurred last year. This comes amid government assurances that the economic situation is "stable."

The "triennial" federal budget was approved in 2023, for the years 2023, 2024, and 2025. However, Parliament must approve the budget schedules for each year, and the current year's budget schedules are still with the government, which is currently amending them. link

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Tishwash: PM's Advisor :The Strategic Framework Agreement between Iraq and USA established the foundation for stable bilateral relations

The Prime Minister's Advisor for Financial Affairs, Mudhar Mohammed Salih, confirmed on Saturday that the Strategic Framework Agreement contributed to strengthening Iraq's financial and banking integration. He also noted that Iraq's relationship with the United States contributed to achieving balance in foreign policy and the economy.

Salih told the Iraqi News Agency (INA): "The Strategic Framework Agreement signed between Iraq and the United States in 2008 formed the basis for the development of paths of stability in bilateral relations between the two friendly countries, and on many axes of joint cooperation, which is important in the relationship with a major country like the United States."

He explained that "the role and importance of the United States in the international coalition forces, through its significant participation in combating ISIS terrorism, is an important element in the process of preserving our country's sovereignty, security, and stability. It provided a solid signal to open the doors of the world to international trade and investment links for Iraq, at high levels, through a large gateway whose title is security, stability, and prosperity with the world."

Salih added, "The agreement was a positive channel for creating an atmosphere of financial and banking relations that charted Iraq's path to integration into the international financial and banking system without fears of international financing, while achieving a high degree of transparency and governance with the international banking market and the international financial and economic community."

He continued, "If the United States is the world's leading energy producer, Iraq is OPEC's second-largest crude oil producer, meaning that our country is a strategic international energy hub, and its security and economic stability will remain essential to international development."

He added, "Since the defeat of ISIS terrorism (and in cooperation with friendly major powers, specifically the United States), our country has been able to pursue a neutral and highly independent policy that seeks to build stable economies in a turbulent world. Iraq is a stable achievement that can be emulated in light of the highly complex regional and international geography and politics."

He pointed out that "the friendly and cooperative relations between Iraq and the United States have provided Iraq with two important paths over two decades. The first is achieving balance in Iraq's foreign relations with the United States and not relying on a single axis, or what is called engaging in the policy of axes."

He continued, "The other axis is the role of our country's peace strategy, which has led to reducing regional tensions by building balanced relations with international and neighboring powers, after our country became a highly important international and regional player, credited with providing elements of stability in the region and the world."

The Prime Minister's Advisor emphasized that "the continued improvement of the relationship between Iraq and the United States will continue to contribute to achieving stability and sustainable development, while ensuring that this relationship remains balanced and preserves Iraq's sovereignty and the independence of its national decision-making.

This is currently achieved through mutual respect and America's appreciation for Iraq's positive positions and its commitment to building just regional peace, security, and shared development." link

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Mot:Staring

Mot: ... the Real Luxuries in Life - are ~~~~

Dinar Recaps 20 3/30/25 Dinar Recaps 20 3/30/25

Gold in Hyperdrive in Hyper-Levered House of Cards

Greg Hunter (w/ Bill Holter): Gold in Hyperdrive in Hyper-Levered House of Cards

USA Watchdog: 2-29-2025

Precious metals expert and financial writer Bill Holter has long said there is a long list of financial trouble coming to America.

DOGE (Department of Government Accountability) has put the financial reckoning for massive debt and fraud into hyperdrive.

Gold smells big trouble with another new record high just last week. Gold is in hyperdrive in an economic hyper-levered house of cards. Holter explains, “Gold is now considered a Tier 1 asset, but more importantly, gold cannot bankrupt.

Greg Hunter (w/ Bill Holter): Gold in Hyperdrive in Hyper-Levered House of Cards

USA Watchdog: 2-29-2025

Precious metals expert and financial writer Bill Holter has long said there is a long list of financial trouble coming to America.

DOGE (Department of Government Accountability) has put the financial reckoning for massive debt and fraud into hyperdrive.

I think big money is looking at the financial system and understanding that it is a hyper-levered house of cards or Ponzi scheme. Sovereign Treasuries from across the world can and, highly likely, will default in some cases.

Gold and silver cannot default. Gold and silver are money.

This fiat experiment started off with dollars, European currencies, the yen, etcetera. They were derivatives of gold. . . . They have had several suppression schemes to keep the price down, and they desperately have to keep the price of silver down because if silver runs, gold is going to follow.

High and rising gold process are basically a vote of no confidence by the international community.”

Don’t underestimate how disruptive DOGE cutting fraud and waste will be on the economy. Holter points out, “The last time we interviewed, we talked about DOGE and all of this slush money being paid out. Look at the 14 magic money machines that Elon Musk has found.

All this money being spewed into the economy registers as GDP. So, if you shut those spigots off, you are shutting off the money, and the real economy slows down. There is less cash flow from that.

The real danger, and I am not so sure it is by accident, is this Trump’s idea of pulling the plug? I have to believe he understands that by cutting the spending or cutting the capital that is going into the system, with the system as leveraged as it is right now, it’s going to take everything down.

What you are doing is cutting off new money to the Ponzi scheme, and no Ponzi scheme can survive without continually getting new money coming into it.”

Holter also says, “The United States was considered for years and years the safe haven because of its pristine rule of law. When you pull the curtain back and everything is rotten, confidence breaks. You are not going to have money moving into the US for safe haven status. You are going to have money leaving the United States.

It’s not just the money that is not going to hit the streets because of DOGE, but mentally because of the corruption they are exposing. DOGE is basically exposing that the United States is corrupt and a s****y place to do business.”

In closing, Holter says, “DOGE revealing that they just pay money out of thin air is a huge problem. You can’t do the math if you don’t have good numbers. . . . If we can glean that they are going to cut $500 billion or $1 trillion or $2 trillion and we can figure out that is a problem for the real economy and the financial markets, don’t you think the people running the show know that?

That tells me they are purposely pulling the rug out from under the system. It’s game over.”

There is much more in the 53-minute interview.

https://usawatchdog.com/gold-in-hyperdrive-in-hyper-levered-house-of-cards-bill-holter/

Dinar Recaps 20 3/29/25 Dinar Recaps 20 3/29/25

More News, Rumors and Opinions Saturday PM 3-29-2025

KTFA:

Clare: Iraqi Ambassador to Washington: A delegation representing more than 50 American companies will visit Iraq.

3/29/2025

The Iraqi Ambassador to Washington, Nizar Al-Khairallah, confirmed that a delegation representing more than 50 American companies will visit Iraq.

The Iraqi Embassy in Washington said in a post on the (x) platform: "Ambassador Al-Khairallah met with Steve Lutes, Vice President of the American Chamber of Commerce and President of the American-Iraqi Business Council and his deputies."

KTFA:

Clare: Iraqi Ambassador to Washington: A delegation representing more than 50 American companies will visit Iraq.

3/29/2025

The Iraqi Ambassador to Washington, Nizar Al-Khairallah, confirmed that a delegation representing more than 50 American companies will visit Iraq.

The ambassador stated that "the meeting focused on discussing the logistical arrangements for the upcoming visit of a delegation of American businessmen to Iraq, which will include representatives of more than 50 American companies specialized in the fields of energy, healthcare, education, transportation and other sectors. LINK

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Clare: Al-Sudani and Allawi discuss strengthening economic reform efforts.

3/29/2025

Prime Minister Mohammed Shia al-Sudani received his former counterpart, Iyad Allawi, today, Saturday.

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Clare: Trump: Ready to make deals on tariffs

3/29/2025 Baghdad/

US President Donald Trump confirmed that he is open to concluding deals with countries regarding customs duties, but these agreements will have to be negotiated after the announcement of counter-tariff duties on April 2.

Speaking to reporters aboard Air Force One, Trump also said that he will soon announce customs duties targeting the pharmaceutical industry. LINK

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Courtesy of Dinar Guru: https://www.dinarguru.com/

Frank26 The future of your [Iraqi] banks which includes digitalization is the best way to deal with money laundering or counterfeiting or illegal documentation using your dinars because it is so much harder to steal electronic currency than it is to steal physical currency. This is all part of the security and stability that will bring forth the new exchange rate.

Militia Man The 112 system, they have in place under the tripartite budget, …paying salaries etc. doesn’t turn on the oil in the Kurdistan region…I believe it’s because of a Real Effective Exchange Rate has to be applied for valuation…

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$40 Silver Price In The Cards Says Wild West Miner

Daniela Cambone: 3-29-2025

If silver breaks through $33-$34 an ounce and stays there, we’ll see $40 silver by the end of the year,” predicts Giordy Belfiore, Investor Relations & Corporate Development Manager at Summa Silver Corp. In this interview with Daniela Cambone at PDAC, he shares insights on the future of silver and gold, the growing role of silver in the green economy, and what’s ahead for the mining sector.

He also addresses the common disconnect between high gold prices and lagging mining stocks, stating, “It’s well known: first the spot price moves, then the majors, then the mid-tiers, and finally the juniors. We’re nearing that inflection point.”

While tariffs currently have no impact, he suggests that a U.S.-centric approach to metals could become increasingly valuable in the future.

https://www.youtube.com/watch?v=BLU6jkxJLzY

DINARRECAPS8 3/29/25 DINARRECAPS8 3/29/25

Iraq Economic News and Points to Ponder Saturday Afternoon 3-29-25

AT THE OPENING, THE EXCHANGE RATE RECORDED 148,500 DINARS FOR EVERY $100 IN BAGHDAD
Economy | 03/29/2025 Mawazine News – Baghdad The dollar exchange rate rose on the Al-Kifah and Al-Harithiya stock exchanges, reaching 147,400 Iraqi dinars for every $100.

The selling price at exchange shops in local markets in Baghdad was 148,500 Iraqi dinars for every $100, while the buying price was 146,500 dinars for every $100.

The selling price at exchange shops in local markets in Baghdad was 148,500 Iraqi dinars for every $100, while the buying price was 146,500 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=260378

Gold Prices Record A Significant Increase In Baghdad

Economy | 01:23 - 03/29/2025 Mawazine News – Baghdad Gold prices witnessed a rise in the wholesale markets on Al-Nahr Street in the capital, Baghdad, where the selling price of one mithqal of 21-karat Gulf, Turkish and European gold was recorded at 643,000 dinars, and the purchase price reached 639,000 dinars.

The selling price of one mithqal of 21-karat Iraqi gold was recorded at 613,000 dinars, and the purchase price reached 609,000 dinars.

In goldsmiths’ shops, the selling price of one mithqal of 21-karat Gulf gold ranged between 645,000 and 655,000 dinars, while the selling price of one mithqal of Iraqi gold ranged between 615,000 and 625,000 dinars. https://www.mawazin.net/Details.aspx?jimare=260381

Iraqi Ambassador To Washington: A Delegation Representing More Than 50 American Companies Will Visit Iraq

Local | 03/29/2025 Mawazine News – Baghdad The Iraqi Ambassador to Washington, Nizar Al-Khairallah, confirmed today, Saturday, that a delegation representing more than 50 American companies will visit Iraq.

The Iraqi Embassy in Washington said in a post on the (x) platform, followed by Mawazine News: “Ambassador Al-Khairallah met with Steve Lutes, Vice President of the American Chamber of Commerce and President of the US-Iraq Business Council, along with his deputies.”

The ambassador stated that “the meeting focused on discussing logistical arrangements for the upcoming visit of a delegation of American businessmen to Iraq, which will include representatives of more than 50 American companies specialized in the fields of energy, healthcare, education, transportation, and other vital sectors.” https://www.mawazin.net/Details.aspx?jimare=260383

Bassem Khalil Al-Salem, Chairman of the National Bank of Iraq's Board of Directors, said, "Last year was exceptional on all fronts, particularly in achieving qualitative accomplishments that reflect the bank's strength and resilience in the face of economic challenges, and in strengthening its presence as a leading financial institution in the Iraqi banking sector thanks to a clear strategic vision, prudent management, and a committed team."

Al-Salem emphasized that "these results were driven by flexible monetary policies and effective banking procedures by the Central Bank of Iraq, which responded quickly to economic and political changes, helped contain the impact of these changes on the Iraqi economy, and maintained exchange rate stability, which strengthened the role of the banking sector and protected the rights of depositors and shareholders."

Al-Salem said, "Last year witnessed an outstanding financial performance, as the bank achieved net profits after tax of 252 billion Iraqi dinars, compared to 190 billion Iraqi dinars in 2023. Net interest income also rose to 166 billion Iraqi dinars, compared to 100 billion Iraqi dinars, a growth rate of 66%."

He pointed out that total income will rise to 452 billion dinars in 2024, compared to 343.1 billion dinars in 2023, representing a growth rate of 31.7%. This reflects the effectiveness of the bank's strategy, which focuses on core banking services such as banking loans for individuals, large, medium, and small companies, and trade finance services for major companies.

Al-Salem expressed his gratitude to the Central Bank of Iraq, represented by the Governor and the Bank's staff, for their continued support of the Iraqi banking sector and their cooperation, which has contributed to the sector's development and provided an environment conducive to growth and development.

For his part, the Managing Director of the National Bank of Iraq, Ayman Abu Dahim, said, "Customer deposits increased to 3.5 trillion dinars in 2024, compared to 2.9 trillion dinars in 2023, a growth rate of 90%. Direct credit facilities also increased to 1.3 trillion dinars, compared to 951 billion dinars for the two years of comparison, a growth rate of 18%."

He explained that "this growth was the result of an expansion in loans granted to employees whose salaries are domiciled with the bank, as well as to small, medium, and large enterprises," stressing that "the growth in various financial indicators contributed to increasing the bank's assets to 5.1 trillion dinars from 3.9 trillion dinars, a growth rate of 29%."

Abu Dahim said, "For the first time in the bank's history, its assets are approaching this mark (5.1 trillion dinars), which reflects the growth in the volume of banking business, the increase in our market share, and our growing ability to serve our customers. Accordingly, the bank becomes the largest among Iraqi private banks in terms of asset size."

On the expansion front, Abu Dahim said, "We have added 104 new ATMs, bringing our network to 294, while the number of branches in Iraq has reached 33. We are also planning to open six new branches in early 2025, in addition to our branch in Saudi Arabia, which provides valuable services to Saudi and Iraqi companies."

He emphasized the bank's commitment to a comprehensive strategy focused on sustainability and digital transformation to serve customers. The bank has worked to keep pace with the latest technological developments and enhance information security and the efficiency of banking services, including installing the T24 banking system from the Swiss company Temenos and launching a new anti-money laundering management system (AML Sirion).

Regarding the bank's plans for 2025, Abu Dahim said, "We will continue to expand our branch network to reach 44 branches, in addition to increasing our ATM network to reach 400 ATMs, with a focus on developing and marketing electronic banking services, increasing the bank's share in trade financing for large companies, expanding the salary localization project and financing small and medium-sized enterprises, and expanding the attraction of deposits from individuals, companies, and official government institutions." https://economy-news.net/content.php?id=53904

A New Iraqi Position On The US Veto On Iranian Gas Imports

Energy Economy News – Baghdad Electricity Minister Ziyad Ali Fadhil warned that US sanctions could affect Iraq's gas imports from Iran.

Fadel said in press statements that "the US sanctions included the first phase related to Iraq's import of electricity from Iran, and the picture regarding gas is not yet clear." He indicated that "the power lines covered by the sanctions supply Iraq with 800 megawatts that feed Diyala, parts of Maysan, and Basra."

He stressed that "Iraq will suffer a hot summer if US sanctions include Iraq's import of gas from Iran," noting that "Iraq is working through the Ministry of Foreign Affairs to present proposals aimed at overcoming the problems that the sanctions may cause."

He pointed out that "Iraq has been dependent on gas since the ministry signed contracts to build gas stations in 2014," noting that "the inability of domestic gas to meet the needs of the stations prompted Iraq to conclude contracts to import gas from Iran."

He explained that "a large number of central stations, especially in Baghdad, depend on imported Iranian gas." https://economy-news.net/content.php?id=53901

For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/

DINARRECAPS8 3/29/25 DINARRECAPS8 3/29/25

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 3-29-25

Good Afternoon Dinar Recaps,

XRP NEWS: SEC COULD DELAY ITS ANNOUNCEMENT UNTIL AUGUST 7? HINT XRP MEMBER!

▪️Ripple vs. SEC lawsuit nears conclusion, but delays raise uncertainty for XRP.

▪️XRP supporter claims SEC will stay silent on the case until August 7.

▪️Ripple’s legal chief suggests settlement paperwork is done, awaiting SEC’s final decision.

Good Afternoon Dinar Recaps,

The long-running legal fight between Ripple and the U.S. Securities and Exchange Commission (SEC) is nearing its final chapter. With both sides dropping their respective appeals, attention has now turned to what comes next. ‘

However, a new claim from an XRP community member suggests that the SEC won’t make any official announcement on the case until August 7, raising questions about a potential delay.

Is a Settlement Really Happening?

Ripple’s legal chief, Stuart Alderoty, has hinted that all necessary paperwork for a settlement has already been prepared. The next step, however, lies in the hands of the SEC Commission, which is expected to vote on the matter within the next 30 days.

Once that vote is complete, the SEC will move to lift the injunction imposed on Ripple. If Ripple complies with the process, Judge Analisa Torres will then sign off on the motion, officially closing the case.

Will the SEC Remains Silent Until August 7?

Adding more fuel to the speculation, an XRP supporter named Brett recently made a bold claim on social media. He stated that the SEC would not make any official announcement on the lawsuit until August 7, citing a court document as his source.

His post quickly gained traction, with some in the community seeing it as a significant development. However, not everyone agreed. Many pointed out that the document he referenced was from last year, casting doubt on its relevance to the current situation.

Former SEC lawyer Marc Fagel even dismissed the claim outright, calling it “stupid and wrong.” This conflicting information has left the XRP community divided on what to believe.

No Official Announcement From the SEC

Although both the SEC and Ripple have withdrawn their appeals, the agency has yet to make an official announcement, leading to speculation that the case may already be settled. However, legal complexities could be causing a delay.

Fox Business journalist Eleanor Terrett suggested that the SEC might be waiting to ask Judge Torres to remove the injunction—a step that is different from how other cases have been handled.

For now, XRP holders are eagerly waiting for clarity, with hopes that the lawsuit’s resolution will bring long-awaited regulatory certainty to Ripple and its token.

@ Newshounds News™
Source: Coinpedia

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BRICS: RUSSIA TO FOLLOW US, SEEK MAJOR UAE INVESTMENT DEAL?

The last several months have seen geopolitical tension hit a new high. Indeed, the United States has targeted the Global South with tariffs in an effort to secure the status of the dollar. Now, that has taken an interesting turn for BRICS, as Russia may be looking to follow the US and seek a major investment deal from the United Arab Emirates (UAE).

Both Moscow and the UAE are set to meet to discuss their strategic cooperation. Moreover, that meeting took place after the latter unveiled a monumental investment framework plan with the United States. With tensions still high, the development is one that may have massive implications.

BRICS See Russia UAE Talk Collaboration After Landmark US Deal

Since the start of the year, the BRICS bloc and the US have faced off. With his election win in late 2024, Donald Trump targeted the alliance with 150% tariffs. Specifically, he was seeking to deter their de-dollarization efforts and secure the global reserve status of the greenback.

However, the ongoing tension between both sides took a rather interesting turn this month. Now, they may be set to get even more complicated for BRICS, as Russia is set to meet with the UAE and may be seeking a deal similar to the one it struck with the US.

In a rather surprising development, the UAE announced a mammoth 10-year, $1.4 trillion investment framework in the United States. The move was going to inject increased capital into the US and fortify what is a rather fragile economic standing. Interestingly, the UAE is a BRICS nation, the same one that has been clearly in the crosshairs of the alliance.

Now, a new report highlights that Russian President Vladimir Putin and UAE President Mohamed bin Zayed Al Nahyan are set to hold a telephone meeting this week.

According to the report, both sides discussed the partnership between both nations and gave “a positive assessment” of the dealings so far. Time may tell if they come to an agreement similar to that of the US.

@ Newshounds News™
Source: Watcher Guru

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TRUMP PARDONS BITMEX CO-FOUNDERS CONVICTED OF FINANCIAL CRIMES: REPORT

Former President Donald Trump has pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed.

The three had previously pleaded guilty to federal charges related to money laundering and regulatory violations, according to CNBC reporting.

The three executives were convicted for failing to implement anti-money laundering measures at BitMEX, which prosecutors labeled a “money laundering platform.”

Reed admitted to violating the Bank Secrecy Act in 2022 and agreed to pay a $10 million fine. Despite BitMEX’s claims of withdrawing from the U.S. market, authorities alleged that the move was a “sham.”

@ Newshounds News™
Source: Crypto News

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Dinar Recaps 20 3/29/25 Dinar Recaps 20 3/29/25

Buckle up for April 2, Liberation Day to Spark a Market “Demolition”

Buckle up for April 2, Liberation Day to Spark a Market “Demolition”

Daniela Cambone: 3-28-2025

Hold onto your hats! According to David Stockman, a former Republican U.S. Representative and the Director of the Office of Management and Budget under President Ronald Reagan, we’re headed for some serious turbulence in the financial markets.

Stockman is predicting a major “explosion” in both the stock and bond markets leading up to April 2nd.

Buckle up for April 2, Liberation Day to Spark a Market “Demolition”

Daniela Cambone: 3-28-2025

Stockman is predicting a major “explosion” in both the stock and bond markets leading up to April 2nd.

In a recent interview with Daniela Cambone on ITM Trading, Stockman didn’t mince words about the economic forces he believes are at play. He argues that the root of America’s massive trade deficits isn’t flawed trade agreements, but rather a deeply flawed monetary policy orchestrated by the Federal Reserve’s relentless money printing.

Beyond just criticizing the Fed, Stockman offered a compelling perspective on other political events. He even suggested that the fentanyl crisis wasn’t the primary motivation behind former President Trump’s strained relationship with Canada, hinting at deeper, underlying issues.

While Stockman’s predictions are certainly alarming, they’re rooted in his analysis of the current economic landscape and the Federal Reserve’s actions.

To understand more about his rationale and the potential implications for your investments, viewers are encouraged to watch the full interview on ITM Trading for a deeper dive into Stockman’s economic outlook and his predictions for what lies ahead.

https://youtu.be/-fjH_YApb-o