KTFA:

MilitiaMan:  The information on the digital transformation that is upon is everywhere. The amount of top level work completed now is main stream and straight from the highest in Finance in the world. They are openly talking about Retail Digital Currencies, digital cross border payments, etc..

With them even showing that the 1,000 - 10,000 notes are disappeared from the ATMs is very telling.

With the UST telling us the G-20 have 136 countries in agreement on digital International Taxation and a flat tax, the coss boarder data and digital trade noted by the G-7 today, it is not surprising that they would be adjusting for the NSCNs to replace those the 1,000 - 10,000s.

The need for them will diminish with a new international exchange rate applied. It doesn't take long to replenish ATMS. The goal is not to worry the citizens, the goal is to make them happy with the new purchase power that the new smaller notes will bring.

Notice they use the words INCLUSIVE GLOBAL GOVERNANCE!!! That is because the digital transformation is approved and on stage for all to see.. IMO there is nothing to stop it now.. Lets see what they show us next.. ~ MM

" It also covers digital trade systems and fair and inclusive global governance."

G7 countries agree common principles on digital commerce

21st October, 2021

Britain announced today, Friday, after a meeting of trade ministers in the Group of Seven countries, that the countries of the wealthy bloc agreed on a set of principles governing the use of cross-border data and digital trade.

Britain explained that the G7 countries oppose digital protectionism and authoritarianism, "and today we have adopted the principles of G7 digital trade, which will guide the G7's approach to digital trade," according to the Middle East News Agency.

The agreement lays a middle ground between the heavily regulated data protection systems of European countries and the more open approach of the United States.

She added that the principles cover open digital markets, cross-border information flows, and protections for workers, consumers and businesses. It also covers digital trade systems and fair and inclusive global governance.

"We must address undue obstacles to transcontinental data flows as we continue to address privacy, data protection, and protection of intellectual property rights," said a document accompanying the meeting.

"This agreement is a real breakthrough that came as a result of hard diplomatic effort," said a British official familiar with the deal.  LINK

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U.S. Department of the Treasury

Office of Public Affairs

 Press Release:             FOR IMMEDIATE RELEASE

October 13, 2021

 Contact:                      Alexandra LaManna; Press@Treasury.gov

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with G7 Finance Ministers and Central Bank Governors

 WASHINGTON – Secretary of the Treasury Janet L. Yellen participated in an in-person meeting of the G7 Finance Ministers and Central Bank Governors today. G7 Finance Ministers applauded the historic deal between 136-nations that will reshape the international tax system and equip the global economy to meet the needs of the 21st century.

Along with her counterparts, Secretary Yellen endorsed the G7 Public Policy Principles for Retail Central Bank Digital Currencies (link) and the G7 issued an accompanying statement on digital payments (link). She also expressed her strong support for efforts to channel Special Drawing Rights (SDRs) to further support vulnerable economies, including the rapid establishment of a new trust fund at the IMF to support economic transitions related to pandemic preparedness and climate change. G7 Finance Ministers also discussed the macroeconomic implications of climate change and the importance of resilient global supply chains.

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U.S. Department of the Treasury

Office of Public Affairs

 Press Release:             FOR IMMEDIATE RELEASE

October 21, 2021

 Contact:                      Treasury Public Affairs; Press@Treasury.gov 

FATF Works to Strengthen Financial Transparency, Combat Misuse of Virtual Assets 

FATF Approves Public Consultation of Revisions to Beneficial Ownership Standards and Updated Guidance on Virtual Assets 

WASHINGTON — The Financial Action Task Force (FATF) concluded its October plenary today, the sixth session since the start of the ongoing COVID-19 pandemic. With hybrid participation both virtually and in-person in Paris, FATF advanced its core work on virtual assets, beneficial ownership transparency, and illicit finance risks.

“The United States welcomes the significant work by the FATF to enhance beneficial ownership transparency and provide clear standards and guidance for the virtual asset industry,” said Secretary of the Treasury Janet L. Yellen. “The FATF’s work will continue to strengthen global action against illicit finance.”

Virtual Assets Guidance

The FATF approved for publication an updated version of its Guidance on a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers. The guidance is intended to help jurisdictions and the private sector to implement the FATF’s standards on the virtual assets sector, which were revised in 2018. The FATF’s Virtual Assets Contact Group, the body that undertook this revision and which is co-chaired by the United States and Japan, will now focus its efforts to promote implementation of the standards.

Proposed Changes to Beneficial Ownership Standards

The FATF agreed to publish for public consultation proposed revisions to Recommendation 24, which sets the FATF standard regarding beneficial ownership transparency for legal persons. These proposed revisions are intended to improve the quality of beneficial ownership information available to law enforcement and other authorities in a timely manner, facilitate international cooperation, and improve transparency around public procurement to combat corruption. The U.S. strongly supports these enhancements to Recommendation 24 to increase beneficial ownership transparency.

LINK

Iraq requests removing its name from the high-risk countries

The mission of the Republic of Iraq to the European Union announced today, Wednesday, that Iraq has met all the FATF criteria for removing its name from the list of high-risk countries.

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The 5 and (to) 10 thousand dinars denominations disappeared from the ATMs

Saturday 23 October 2021

Baghdad: Mustafa Al-Hashemi

Recently, there have been cases that the citizen was not familiar with, since the spread of ATMs throughout Iraq, represented by the disappearance of small and medium groups (from 1000 to 10 thousand dinars), which may bring back to the scene the scene of mistrust between the public and private banks, specifically, because of The latter's failure to provide all cash denominations in its ATMs.

Citizen B says: I (employee) “When I receive a message or a notification on my phone that my salary has been launched, I immediately go to the nearest ATM to withdraw the salary for the purpose of fulfilling my financial obligations that require cash (cash).

i added. To “Al-Sabah” that “the ATMs of the bank to which I settled my salary, are devoid of small and medium cash groups (1000 to 10 thousand dinars), and I do not know the reason, although withdrawing them as liquidity may differentiate among some who complain of the deterioration of their living conditions.”