Goldilocks "Iraq, ETF's, Bank Stress Tests and more" 6-26-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good morning Dinar Recaps,
Goldilocks posted some comments and links to financial news this morning:
The final version. The Official Gazette publishes the budget law and enters into force
☝️ No rate yet my friends. We have been discussing in this room how it will naturally and organically come out in the next system.
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Exchange Traded Funds (ETFs) are a basket of securities that can be rolled up into a single stock to be bought and sold on the market.
An ETF such as Bitcoin and Ethereum that have commodity features attached allows a person to own gold as a stock without holding it in physical form.
HSBC bank is rolling out this International opportunity in Hong Kong.
© Goldilocks
https://watcher.guru/news/hsbc-enables-bitcoin-ethereum-etf-trading-in-hong-kong
https://cointelegraph.com/news/hsbc-reportedly-rolls-out-cryptocurrency-services-in-hong-kong
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Big US banks to face Fed's annual stress tests this week
https://www.foxbusiness.com/markets/big-us-banks-face-feds-annual-stress-tests-this-week
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The buying and selling of digital assets on the market are underway.
Several tests are taking place as we speak to check on the operability of these digital assets on the stock exchange.
Some assets are already in play as we speak. We are undergoing a Global Event that involves changing an entire Global Economy, and not, just one country.
The latest tests involve 11 banking institutions including Standard Chartered, HSBC, Citi, UBS, and JP Morgan.
© Goldilocks
https://www.ledgerinsights.com/singapore-tokenization-stanchart-hsbc-citi-ubs-public-blockchain/
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"Banking giants like Standard Chartered, HSBC and Citi are set to run multiple tokenization trials across wealth management, fixed income and foreign exchange."
When you transform an entire Market inside all sectors, this does include the Forex Market/currency exchange services.
It is important to note that we are in the pilot phase that takes place before implementation.
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