Goldilocks' Comments and Global Economic News Monday AM 1-22-24

Good morning Dinar Recaps,

"SEC Updates Digital Token Regulations and Asset Custodial Services"

The Securities and Exchange Commission has updated some rules to governing digital tokens and digital asset custodial services.

Key Changes:

* lifting investment restrictions on certain digital tokens

* establishment of criteria for businesses that provide custodial wallet services

* required to seek permission prior to engaging in other business activities

* SEC has also made more noticeable service standards

These took effect on January the 16th, 2024. It shows a commitment to move forward with the new Digital Asset Based Trading System by the SEC.

© Goldilocks

BNN Breaking

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🔴 BRICS DILEMMA: Saudi Arabia Sends Mixed Messages On BRICS, Deletes Media Reports of It Joining

https://youtu.be/9iW8pyZ2KIU?feature=shared

👆  Goldilocks pointed to this article

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China and Russia test ‘hack-proof’ quantum communication link for BRICS countries

Scientists in Russia and China have established quantum communication encrypted with the help of secure keys transmitted by China’s quantum satellite, showing that a Brics quantum communication network may be technically feasible.

The scientists were able to span 3,800km (2,360 miles) between a ground station close to Moscow and another near Urumqi in China’s western Xinjiang region to send two encoded images secured by quantum keys.   SCMP Link

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US bank regulator: new liquidity rules needed to handle bank runs

Jan 18 (Reuters) - A top U.S. banking regulator on Thursday called for new liquidity rules to help lenders respond to runs by depositors of the kind that felled Silicon Valley Bank and other mid-size banks last year.

"I believe a new targeted regulatory requirement for mid-size and large banks to have sufficient liquidity to cover stress outflows over a five-day period warrants serious consideration," Acting Comptroller of the Currency Michael Hsu said, according to a copy of prepared remarks.

Hsu's remarks were the latest sign that regulators are continuing to tinker with the rule book after a spate of bank failures in the spring of 2023. (Reporting by Douglas Gillison; Editing by Chizu Nomiyama)

https://finance.yahoo.com/news/us-bank-regulator-liquidity-rules-143000226.html

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