Goldilocks: "Protocol 20 codes are currently being integrated into the QFS" 6-22-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
Good afternoon Dinar Recaps,
Goldilocks posted comments and links to help us understand the financial global news:
It has come to my attention that Protocol 20 codes are currently being integrated into the QFS. These codes deal with currency protocols allowing digital assets to move through the system.
These are necessary, to run the stablecoins which represent a country's currency. This will increase money velocity and demand. Demand increases value of all the currencies in that country.
We are about a week away or less from stablecoin clarity finishing up in Congress. And, liquidity is already coming into this sector of the market along with bridges to several networks that will populate around the world on the QFS.
This standardized digital process is backed by tokens with real values to support them such as gold ushering in a Gold Standard.
At the same time, we have what is called "foreign private issuer" status requirements coming out for companies involved in currency exchanges and other assets of their choosing.
A "foreign private issuer" is exempt from many of the US laws required for many of the assets sold in cross-border international trade.
These companies have until June 30th to complete their applications. It is renewed every year at about this time, and it will run between June 30th to December 31st of 2023.
© Goldilocks
https://www.jdsupra.com/legalnews/time-to-assess-foreign-private-issuer-8743369/
https://www.sec.gov/divisions/corpfin/internatl/foreign-private-issuers-overview.shtml
https://www.investopedia.com/terms/s/seact1934.asp
CFTC LINK
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☝️ this is the most important thing I will post today but there may be others
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Iraq is expected to take their new budget and put it into the Gazette next week.
This will make their new Financial International Agreements LAW.
They still have until the first week of July to begin implementing these new protocols.
Currently, Iraq has begun administrative employee development training through the CBI that will help them to engage and understand this new digital-asset global economy.
© Goldilocks
https://search4dinar.wordpress.com/2023/06/22/source-the-budget-law-reaches-justice-and-publishes-it-in-the-official-gazette-next-week/
https://cbi.iq/news/view/2365
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