Goldilocks' Comments and Global Economic News Friday Evening 2-9-24
Goldilocks' Comments and Global Economic News Friday Evening 2-9-24
Good Evening Dinar Recaps,
On February the 15th, 2024, the Commodities Futures and Trading Commission is holding a commission open meeting.
The following two items along with many others are on the table to be discussed:
* Requirements for Designated Contract Markets and Swap Execution Facilities
* Foreign Boards of Trade
The table is being set for the general public to meet with the CFTC regarding over the counter products such as foreign currency exchanges to understand the new rules regarding these trading products.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8862-24
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What is a Private Investment Fund?
"A private investment fund is an investment company that does not solicit capital from retail investors or the general public. Members of a private investment company typically have deep knowledge of the industry as well as investments elsewhere."
The CFTC approves a Final Rule to amend Form PF that deals with reporting requirements.
This rule is for accounting purposes with budget authorities. It helps to declare taxes and other forms of accounting.
This rule does not come into effect until later this year and early next year, so it will be in effect for next year's taxes. CFTC Investopedia
© Goldilocks
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"Maxine Waters Says Lawmakers Are 'Very, Very Close' To Finalizing Stablecoin Regulation Bill"
If you can remember all the times we talked about digital payment coins being in pilot projects, the sandbox testing of several stablecoins from around the world to see how they interact with each other leads to regulations. Such as, the one taking place in Hong Kong.
This is why we are getting this announcement from Maxine Waters. It looks like stablecoin regulations are finally being addressed and near its completion for regulation and legislation approval. We are not there yet, but we are close.
This will help make payments to the new tokenized assets that will be interfaced together through Protocol 20 utilizing Soroban smart contracts to ensure both sides of a trade are secure and capable of moving forward. Benzinga
© Goldilocks
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Vietnam's Rise as a Global Manufacturing Hub in the Era of Resilience and ESG Compliance | BNN
Global manufacturers are reimagining supply chains with resilience and ESG compliance as top priorities. Vietnam's cost-competitive manufacturing capabilities, expanding consumer market, and supportive policies make it an attractive destination for foreign investment. Despite challenges, Vietnam is well-positioned to capitalize on this trend and cement its position as a key player in the global economy.
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Xi says China-Russia relations embrace new development opportunities-Xinhua | English News
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SEC Adopts Amendments to Enhance Private Fund Reporting | SEC
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SEC Adopts Narrower Version of Dealer Registration Rules
Earlier today, the Securities and Exchange Commission in a 3‑2 vote adopted new Rules 3a5‑4 and 3a44‑2 (together, the Dealer Rules) under the Securities Exchange Act of 1934, as amended (the Exchange Act), that will define who is deemed to be buying and selling securities as a regular part of its business and thus considered a “dealer” or “government securities dealer.”. | JD Supra
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Here Come the HELOCs: Mortgage Balances, Delinquencies, and Foreclosures | Wolf Street
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Is Basel III Endgame really endgame? - The Global Treasurer
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