Goldilocks: "CHAPS , Stablecoins and more....Friday 6-23-2023

GoldilocksNews

Jun 23

Written By Dinar Recaps 20

Goldilocks and Seeds of Wisdom

Thank you RJ

Good morning Dinar Recaps,

Goldilocks posted news links and comments this morning:

"CHAPS is a sterling same-day system that is used to settle high-value wholesale payments as well as time-critical, lower-value payments like buying or paying a deposit on a property."

☝️CHAPS was the second part of the Bank of England's Migration.

The first one was RTGS or real-time gross settlements.

They are all done now.

"Stablecoins are a form of money that needs to be regulated" per Jerome Powell.

This is why we're seeing a two-week delay in the implementation of our stablecoins and new monetary system.

Congress will be debating digital asset rules and the new stablecoin framework.

This is a new monetary policy that will guide our financial system going forward.

Central banks use monetary policy to manage economic fluctuations and achieve price stability.

In order to move forward, this aspect of our currency reforms will need to come to completion.

Jerome Powell did give us a date as to when he believed we would move forward with this new monetary policy on July 15th, 2023 in his report last Wednesday to Congress.

© Goldilocks

https://www.theblock.co/post/235852/u-s-house-committee-to-vote-on-crypto-stablecoin-legislation-in-july

https://www.crypto-news-flash.com/u-s-house-committee-prepares-for-crypto-legislation-showdown-in-july-debating-digital-asset-rules-and-stablecoin-framework-will-it-be-a-curse-or-blessing-for-bitcoin/

https://www.blockworks.co/news/fed-needs-to-regulate-stablecoins via @Blockworks_

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"Nium and Stellar Development Foundation Partner to Enable Payouts in 190 Countries."

This recent partnership will enable currencies to be transferred between companies around the world instantly.

It comes at a time when stablecoins are being liquidated and prepared for implementation around the world inside cross-border International payments between countries utilizing their own National Currencies.

This will increase demand for countries individual currencies, and this demand will increase their value.

https://stellar.org/press-releases/nium-and-stellar-development-foundation-partner-to-enable-payouts-in-190-countries

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Dinar Recaps 20