Goldilocks' Comments and Global Economic News Friday Evening 1-12-24
Goldilocks' Comments and Global Economic News Friday Evening 1-12-24
Good evening Dinar Recaps,
"Circle, which issues the USDC stablecoin, said Thursday it filed confidential paperwork with the Securities and Exchange Commission — one day after the SEC’s approval of 11 spot bitcoin ETFs."
Stablecoin issuer Circle filed for an initial public offering after having a steady year of crypto values. USDC is the second largest stablecoin by volume, and it filed with the SEC for an IPO on Thursday. The initial public number of shares for this coin that represents in digital format the US dollar is yet to be determined.
Stablecoins maintain stability through various mechanisms such as:
* collateralization
* algorithmic adjustments
* physical assets held in reserve
The launching of this coin is dependent on current market valuations taking place in the market and the SEC review process. BankingDive Link Gemini.Link
© Goldilocks
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December outflow compounds 2023 losses | World Gold Council
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"State Bank of Vietnam (SBV) has granted approval to a number of banks to increase their charter capital through various methods, such as issuing shares for dividend distribution, conducting private placements and issuing shares to foreign strategic investors."
Vietnam Banks are rushing to add Capital to their Banks on the local level and International level. Their foreign strategic investments will move their currency values into alignment with other Nations forming bilateral relations and increasing demand on their currency values.
We are increasingly becoming a Global Nation characterized by collaboration inside Quantum Technologies designed to give opportunities to countries such as Vietnam a Level Playing Field and opportunity for growth it has never had until now.
These new Global connections will increase opportunities for Vietnam Banks and their markets. This is why Vietnam banks are rushing to boost their Capital opportunities.
© Goldilocks
https://vietnamnews.vn/economy/1639146/banks-in-race-to-boost-charter-capital.html
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The State Bank of Vietnam has directed their Banks to strengthen anti-money laundering controls.
https://www.regulationasia.com/vietnam-directs-banks-to-strengthen-aml-controls/
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Banking Announcement:
Indonesia Financial Services Authority OJK Issues New Rules to Support Banking Digitalisation
The new regulations aim to provide a level playing field and guidance for banks in developing digital services and assessing digital maturity. OJK Link RegulationAsia Link
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Banking Announcement:
"Bank Supervision Policy (BSP) monitors risk, formulates policies and procedures for the effective supervision and examination of national banks and federal savings associations, provides accounting policy guidance, and promotes community development activities."
BSP Proceeds With Soft Launch of New ITRS System.
The soft launch of the new International Transaction Reporting System commenced as planned on January 8, 2024. See pdf OCC Link RegulationAsia Link
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BlackRock CEO Larry Fink: Bitcoin ETF approvals are 'stepping stones' towards tokenization - CNBC
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Global Risks Report 2024: Risks are growing, but there's hope | World Economic Forum
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World Economic Forum Annual Meeting 2024 | World Economic Forum
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Beneath the Skin of CPI Inflation, December: Not in the Mood to Just Go Away | Wolf Street
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