News, Rumors and Opinions Saturday 12-7-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 7 Dec. 2024
Compiled Sat. 7 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already (allegedly) received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 7 Dec. 2024
Compiled Sat. 7 Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
At any moment Tiers 3 and 4a/b (including the Internet Group) were expected to receive notifications to schedule redemption appointments. Bondholders in Tiers 1 and 2 have already (allegedly) received their funds, but are under NDAs. …Gitmo TV on Telegram Tues. 3 Dec. 2024
On Fri. 6 Dec. 2024 Iraq has (allegedly) passed their HCL Law and it (allegedly) goes into the Gazette in time for the weekend. This means RV! The US Debt Clock gave us a date of Sun. 8 Dec. 2024 just after 9PM (central time). Right after 9:30 PM it gave another message “Revalue Your Thinking.”
Thurs. 5 Dec. 2024 Gingers Liberty Lounge on Telegram: A Report from Jim Willie, stated that an Iraqi citizen he knows has redeemed his currency at the new international rate. Family, this is expected that Iraqi national citizens would have time initially to exchange before the rest of the world’s IQD holders will exchange. This also happened in Kuwait all those years ago with Kuwaiti Dinar RI/RV. Fabulous!
Thurs. 5 Dec. 2024 Bruce: Sources were saying that Tier4b will start this weekend. On Wed. 4 Dec. the screens received new rates for 19 currencies that will move up in value and others that will go down in value. We have been told that the president had to be out of the country in order for this to happen.
Fri. 6 Dec. 2024 TNT Intel Summary: Bank meetings today to discuss final aspects of RV. Three Letter Agencies say “IT’S DONE.” US and Canada (allegedly) started paying VIPs on Wednesday, Thursday, and today. The Iraqi dinar is (allegedly) being paid at $3.49 right now. 800 numbers will be (allegedly) given out tomorrow Sat. 7 Dec. morning at 8:00 am. There will (allegedly) be no 800 numbers in Canada.
Global Financial Crisis:
Fri. 6 Dec. 2024: Breaking: Another Bank Outage Has Just Left Millions Of Americans Without Money! Epic Economist Video – amg-news.com – American Media Group
Fri. 6 Dec. 2024 Another Bank Outage Has Just Left Millions Of Americans Without Money! The catastrophic collapse of Synapse Bank has left millions of Americans penniless! With regulators shrugging off responsibility, over $300 million in deposits have vanished, exposing the dark side of fintech. Trust in the U.S. banking system is crumbling—can it survive? Read the full exposé now! https://amg-news.com/breaking-another-bank-outage-has-just-left-millions-of-americans-without-money-epic-economist-video/
Read full post here: https://dinarchronicles.com/2024/12/07/restored-republic-via-a-gcr-update-as-of-december-7-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Just because you see all the evidence that the monetary reform is already here it doesn't mean that it has to be given to them right now...If you have 95% of the skeleton, that's a lot of information. You can tell if it's a man or a woman...how high they're going to be. You can tell a lot. That's why you can tell a lot about the monetary reform right now because it's 95% completed...What's the 5%? That's what they're doing right now.
Bruce [via WiserNow] There's a flash drive that was sent out for five institutions, three banks and two redemption centers in one case, and those were installed on laptops, and they're using laptops in the redemption centers and the bank...it's a release activation mechanism... like a release activation code key...they are designed to receive a signal in some form of protocol, let's call it - timeline activated - through the Starlink satellite system...So it would be wirelessly activated through Starlink to activate with the codes that are installed to begin what it is we're waiting for...two resources, last night, two more today are saying...that we will start this weekend.
The Next Black Swan? Expert Warns of an Economic Crisis that Could Strike Without Warning
Daniela Cambone: 12-6-2024
I think we are at peak dollar... But it’s not something that’s going to happen overnight; it will take decades to unfold,” says Clive Thompson, retired managing director of Union Bancaire Privée in Switzerland.
In an interview with Daniela Cambone, Thompson delves into the dangers of the insurmountable debt burden facing the U.S. economy. “The real debt will be more than double what it is today. And the interest being paid on that debt is probably going to be four or five times what it is today,” he warns, painting a sobering picture of the future.
Thompson also sheds light on the growing crises in Europe, highlighting the fragile state of the eurozone. “If the euro collapses, every country will start pulling in its own direction. It will be chaos.”
Watch the interview now to gain insights into Clive Thompson's perspective and learn how to navigate these turbulent times.
CHAPTERS:
00:00 Insurmountable U.S. debt
12:33 Stock market crashes in history
14:30 U.S. dollar
16:40 European policial chaos
20:39 Gold
26:26 Bitcoin
28:10 Gold performance
29:15 Banking system
Seeds of Wisdom RV and Economic Updates Saturday Morning 12-07-24
Good Morning Dinar Recaps,
FORMER NY FED PRESIDENT ARGUES BITCOIN COULD UNDERMINE USD, SUGGESTS PRIORITIZING REGULATORY FRAMEWORK
Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States.
Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New York, has criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings.
Good Morning Dinar Recaps,
FORMER NY FED PRESIDENT ARGUES BITCOIN COULD UNDERMINE USD, SUGGESTS PRIORITIZING REGULATORY FRAMEWORK
Bitcoin has recently surged past $100,000 following Donald Trump‘s election victory. Amidst broader market sentiments, the crypto community eagerly anticipates that Trump administration will prove to be pro-crypto and will stand behind his promise of a strategic BTC reserve for the United States.
Advocates believe it could serve as a hedge against inflation and a diversification tool in portfolios. However, Bill Dudley, former president of the Federal Reserve Bank of New York, has criticized Bitcoin’s role as money, describing its volatility and lack of income generation as its shortcomings.
As per a latest Bloomberg report, Bill Dudley, former president of the Federal Reserve Bank of New York, has expressed concerns over the idea of incorporating Bitcoin into the U.S. national reserves and argues that it would not benefit most Americans. He emphasized that such a move might not align with the nation’s best interests and could divert focus from more inclusive economic policies.
Can Bitcoin Undermine USD’s Status?
He noted that incorporating Bitcoin into the US national reserves could undermine the dollar’s status as the global reserve currency and primarily benefit specific interest groups rather than the broader American public.
Notably, Bill Dudley stated that Bitcoin is a weak asset, noting reasons such as price volatility, lack of widespread acceptance as payment, and slow and expensive transaction processes that make BTC a weak asset.
He also noted the risk of individuals losing access to their Bitcoin holdings and that, unlike traditional financial assets, Bitcoin does not generate income through interest or dividends. “Bitcoin is not connected to any cash flows like interest or dividends, and its price is driven purely by speculative demand,” he explained.
The former Fed chair also noted that the absence of an exit strategy for a Bitcoin reserve would make it a liability. “The government would end up holding tokens that produce no income, offering no real value to the majority of Americans,” he said.
Suggests To Focus On Comprehensive Regulations-
Notably, Dudley argued that creating a Bitcoin reserve for the U.S. would require the Treasury to increase borrowing, raising debt servicing costs or requiring the Fed to print more money, ultimately fueling inflation.
Instead of focusing on Bitcoin as a reserve asset, Dudley has called for the Trump administration to prioritize creating a robust regulatory framework for the crypto industry.
He stressed the need for clear rules to protect consumers, regulate stablecoins, and prevent the use of cryptocurrencies in criminal activities. “Crypto technology has the potential to improve the financial system,” Dudley noted. “However, without strong guardrails, fraud and abuse will continue to undermine trust and hinder progress.”
Market Optimism Prevails
Nevertheless, there is market optimism amidst expectations of a more crypto-friendly administration. Also, the nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost as bitcoin surpassed $100,000 to record highs.
Recently, Trump nominated venture capitalist David Sacks as the White House AI & Crypto Czar, who is expected to push Trump’s crypto and AI pro-innovation plans forward.
@ Newshounds News™
Source: Coinpedia
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GARY GENSLER QUIETLY SETS AGGRESSIVE CRYPTO CRACKDOWN IN MOTION BEFORE LEAVING, WARNS FORMER SEC OFFICIAL
SEC Chair Gary Gensler is orchestrating a last-minute push to cement aggressive crypto enforcement, with secret promotions signaling a looming regulatory crackdown despite leadership changes.
Former SEC Official Warns of Crypto Crackdown Despite Incoming Pro-Crypto Chair
John Reed Stark, former head of the U.S. Securities and Exchange Commission’s (SEC) Office of Internet Enforcement, has highlighted significant developments within the agency that he believes could impact the cryptocurrency sector.
“SEC Chair Gensler pulls off the first reverse Saturday Night Massacre,” Stark wrote in a post on social media platform X on Wednesday, referencing Chair Gary Gensler’s recent moves.
Stark addressed the SEC’s leadership transition and the calculated steps Chair Gary Gensler is taking to solidify the agency’s enforcement priorities before leaving office. “It looks like former SEC Commissioner Paul Atkins will be the next SEC Chair. A phenomenal choice,” he wrote.
Known for his pro-business approach, Atkins is expected to bring a different focus to the SEC. However, Stark pointed out that Gensler has been laying the groundwork to ensure the agency’s crypto enforcement efforts remain robust. “Meanwhile, current SEC Chair Gary Gensler is quietly working behind the scenes to lead the SEC from the grave,” he noted, adding:
Along these lines, Gensler just promoted three of the best, brightest, experienced and most dedicated crypto-enforcement lawyers in SEC ranks to senior executive positions—running the SEC’s Trial Unit and running the SEC’s Crypto Unit.
Although the promotions have not been formally disclosed, Stark claimed they are already finalized. He noted the secrecy surrounding the moves, stating: “Interestingly, the SEC has not publicly announced these promotions and seems to be keeping them quiet (which is unprecedented). But these well-deserved promotions are a done deal.”
Crypto firms, Stark warned, should prepare for intensified regulatory pressure even after Gensler leaves office on Jan. 20. He predicted:
The Stark reality is that it looks like the crypto-fight is on post-January 20th. So get ready for World War III on day one Chair Atkins, because these three crypto-enforcement lawyers, who are now in charge, are some of the best in the business and will not roll over easily.
@ Newshounds News™
Source: Bitcoin News
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FINANCIAL REVOLUTION 2024: WHAT YOU NEED TO KNOW! | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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“Tidbits From TNT” Saturday Morning 12-7-2024
TNT:
Tishwash: The region's salary crisis is worsening again.. Demonstrations return in Sulaymaniyah
Hundreds of teachers and employees demonstrated today, Saturday (December 7, 2024), in front of the Sulaymaniyah Court, protesting the salary crisis, which has been delayed for the past two months.
Baghdad Today correspondent said, "Hundreds of employees, teachers and instructors demonstrated in front of the Sulaymaniyah court due to delayed salaries, while they demanded an end to this crisis and reaching a final agreement that would lead to the delivery of their salaries without delay link
TNT:
Tishwash: The region's salary crisis is worsening again.. Demonstrations return in Sulaymaniyah
Hundreds of teachers and employees demonstrated today, Saturday (December 7, 2024), in front of the Sulaymaniyah Court, protesting the salary crisis, which has been delayed for the past two months.
Baghdad Today correspondent said, "Hundreds of employees, teachers and instructors demonstrated in front of the Sulaymaniyah court due to delayed salaries, while they demanded an end to this crisis and reaching a final agreement that would lead to the delivery of their salaries without delay link
Tishwash: Source: Iran resumes gas supply to Central Iraq
On Friday, Iran began gradually resuming gas supplies to power plants in central Iraq following the completion of maintenance work on gas transmission lines, a government source revealed.
The source told Shafaq News that electricity supply is expected to improve in the coming hours in central regions, particularly in Baghdad, Wasit, Diyala, parts of Al-Anbar, and other provinces.
The resumption came after a two-week suspension of Iranian gas supplies for maintenance, which had caused the Iraqi national power grid to lose about 5,500 megawatts of electricity, according to the Ministry of Electricity's announcement on November 24.
Notably, Iraq has relied on scheduled power cuts since the 1990s due to chronic electricity shortages. Residents often turn to private generators to fill the gap.
To supplement its needs, Iraq imports 33-40% of its gas and electricity from Iran. However, US sanctions on Iran have complicated payment for these imports, restricting Iran's access to funds for purchasing non-sanctioned goods like food and medicine.
In light of these challenges, Baghdad has been pursuing alternative energy strategies, including regional grid connections to secure stable electricity supplies without relying on fuel.
Iraq has also sought to diversify its gas imports, signing a preliminary agreement with Turkmenistan in August 2023 to supply gas for its power stations.
On the other hand, the United States continues to pressure Iraq to reduce its reliance on Iranian gas, despite Iraq’s status as the second-largest oil producer in OPEC. link
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Tishwah: Due to the Kurdish boycott, a representative reveals the reasons for postponing the budget reading
Today, Saturday, the representative of the Al-Fatah Alliance, Walid Al-Sahlani, revealed the reasons for raising the budget paragraph, while pointing out that there are multiple points of view regarding the paragraphs that need to be amended.
Al-Sahlani said in a statement to Al-Maalouma Agency, “The Parliamentary Finance Committee requested to postpone the reading of the budget law for a second reading until the Minister of Finance is hosted.”
He added, "The Kurdish parties refused to enter the session because the budget paragraph was removed from the agenda."
He pointed out that "the Kurdish parties insist on presenting the budget without the need to host the Minister of Finance."
He pointed out that "the majority of the members of the House of Representatives requested to host the Minister of Finance before starting to read the budget amendment." link
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Tishwash: Mazhar Mohammed Saleh: Iraq's economy, financial flows and trade relations will not be affected by events in Syria
The Iraqi Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows, and its trade relations, noting that this economy has not been affected by the tensions taking place in the Syrian arena.
Mazhar Muhammad Salih said in a press statement, “The Syrian economy is an economy sanctioned by countries, such as the United States and some other European countries, and therefore all banking relations (for Iraq) with Syria are basically unavailable.”
He explained that “trade with Syria is mostly border trade and consists of simple, natural civilian goods such as agricultural crops or something like that.”
Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih stated that “the current events are in Syria, not Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or which is civil or related to the tourism sector, and some simple problems and disturbances may occur, but they are not major disturbances.”
The Iraqi Prime Minister's advisor for economic affairs pointed out that "the Iraqi economy, by nature, has high cash flows from its oil trade and global trade with large trade sources, while the minor fluctuations that are taking place are nothing but colorful noise."
He explained that “the parallel markets usually benefit from any political event in neighboring countries, for example, to raise the price, and for speculators to benefit, so this is a temporary speculation that leads to very simple price disturbances, and has no relation to the Iraqi economy, and is called information markets, so what is happening in Syria at the present time will not affect the Iraqi economy, and our economy is completely isolated from the Syrian issue.”
Mazhar Mohammed Saleh stressed that “the country is immune and there is no fear for our trade because it is governed by the central policies of the state,” noting that “Iraq obtains its budget from major oil revenues, which strengthen the banks’ finances and finance Iraq’s foreign trade, not the domestic market,” adding that “the parallel market is a completely superficial market and does not indicate anything in reality about the Iraqi economy at the present time.”
The Iraqi Prime Minister’s advisor for economic affairs stated that “the parallel market benefits from the neighboring unrest and does not pose any threat to the Iraqi economy and does not represent anything, and we are immune to what is happening in Syria,” explaining that “the problems in Syria are not new to it and have existed since 2011, so there is no fear for the Iraqi economy, which is immune and neutral from the problems of others.”
Mazhar Muhammad Salih stressed that “our policies are disciplined, so what is happening in Syria does not affect the overall economic situation, and an increase in the exchange rate of the currency by one or two dollars could return to its previous state quickly, perhaps through a single statement.”
He believed that “Iraq’s economic situation is secure, its oil policies are calm, its trade relations with the outside world are going well, and its cash flows from cash revenues are good and beyond reproach, and thus the economic situation is stable.” link
Mot: .. Guess What a Parents Fav Holiday is ~~~~
Mot: . Maybe if Ya Starts Now - You can Convince um!!!
More News, Rumors and Opinions Friday PM 12-6-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 6 Dec. 2024
Compiled Friday 6, Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Thurs. 5 Dec. 2024 Gingers Liberty Lounge on Telegram: A Report from Jim Willie, stated that an Iraqi citizen he knows has redeemed his currency at the new international rate. Family, this is expected that Iraqi national citizens would have time initially to exchange before the rest of the world’s IQD holders will exchange. This also happened in Kuwait all those years ago with Kuwaiti Dinar RI/RV. Fabulous!
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 6 Dec. 2024
Compiled Friday 6, Dec. 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Thurs. 5 Dec. 2024 Gingers Liberty Lounge on Telegram: A Report from Jim Willie, stated that an Iraqi citizen he knows has redeemed his currency at the new international rate. Family, this is expected that Iraqi national citizens would have time initially to exchange before the rest of the world’s IQD holders will exchange. This also happened in Kuwait all those years ago with Kuwaiti Dinar RI/RV. Fabulous!
Thurs. 5 Dec. 2024 Bruce:
On Wed. 4 Dec. three different sources indicated something was going to happen tonight that would make Tier4b move forward with notification.
Wells Fargo and HSBC have sent out to certain individuals in Redemption Centers a flash drive that releases the activation code. Those flash drives have been installed and will receive the activation codes from the Star Link System to begin the redemption process.
Redemption Center people were having to sign brand new NDAs every time they go into the Redemption Center.
Sources were saying that Tier4b will start this weekend.
On Wed. 4 Dec. the screens received new rates for 19 currencies that will move up in value and others that will go down in value.
We were told that the president had to be out of the country in order for this to happen. On Fri. 6 Dec. President Trump will be leaving for France and will be there over the weekend.
Read full post here: https://dinarchronicles.com/2024/12/06/restored-republic-via-a-gcr-update-as-of-december-6-2024/
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TNT:
Tishwash: UN: Iraq today is more secure and stable and its government has succeeded in keeping it away from conflict
The UN Secretary-General's Representative in Iraq, Mohammed Al-Hassan, confirmed today, Friday, December 6, 2024, that "Iraq today is more secure and stable."
Al-Hassan said in a briefing to the UN Security Council: "Iraq, a country of civilizations, is capable of overcoming crises towards a more stable and brighter future."
He added, "Iraq succeeded in conducting the important population census, and I followed up on this with the Prime Minister."
He stressed that "the Iraqi government succeeded in keeping Iraq away from the conflict."
Al-Hassan pointed out that "Prime Minister Mohammed Shia al-Sudani worked to invest in multiple projects in Iraq to develop bridges, schools, and transportation networks." link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Someone right now can buy 1 million [dinars] …for $1,200, $1,300 but when the blessing occurs you’re going to end up spending a million to buy a million dinars. No, I don’t think so. But the whales and sharks will. They’ll buy 1 million dinar for $1 million because they know as it floats it’ll go to $3 million and they made a killing. That’s when the sharks make their money. They smell the chum right now and some of them are moving but not as much as they will when it happens. When it happens big boys play with big money.
Militia Man Article quote: “The fiscal year of government banks in Iraq ends the end of December each year where some financial operations are temporarily suspended to conduct annual settlements and close accounts.” Those that think Iraq is on a different system and different time frames for their end of year…those that were saying April or March are wrong. Fiscal year of the government bank ends at the end of December each year.
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Markets At Risk Of Serious Correction, Valuations ‘Out Of Whack’ | Moody’s Mark Zandi
David Lin: 12-6-2024
Mark Zandi, Chief Economist of Moody's Analytics, discusses the prospects for economic growth, the Fed's likely next move, and how financial markets are getting "off kilter".
0:00 – Intro
0:35 - Fed’s next move
3:00 - Recession in 2025?
4:10 - Earnings outlook
4:40 - Asset prices getting overvalued
7:00 - Tax cuts and stocks
9:40 - 100% tariffs on BRICS countries?
13:00 - Markets are “increasingly off kilter”
15:00 - Stocks vs. bond yields
17:00 - Long-term equities returns
18:30 - Valuations are “out of whack”
19:40 - Policies that can trigger correction
21:30 - Real wages rising
22:30 - Credit card spending
24:00 - Quits rate
25:17 - Scott Bessent’s 3-3-3 policy
28:00 - Tariffs and deficit
29:33 - Housing market
31:30 - How to avoid the next financial crisis
Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-06-24
Good Afternoon Dinar Recaps,
XRP LAWSUIT NEWS: ATKINS WON’T DISMISS THE RIPPLE CASE, SEC VS XRP TO CONTINUE
Gary Gensler's departure in January 2025 could leave the SEC’s stance on Ripple unchanged, with Jorge Tenreiro playing a key role in the ongoing case.
As the SEC’s appeal deadline for Ripple approaches in January 2025, the transition in leadership raises questions about the future of crypto regulations.
Good Afternoon Dinar Recaps,
XRP LAWSUIT NEWS: ATKINS WON’T DISMISS THE RIPPLE CASE, SEC VS XRP TO CONTINUE
Gary Gensler's departure in January 2025 could leave the SEC’s stance on Ripple unchanged, with Jorge Tenreiro playing a key role in the ongoing case.
As the SEC’s appeal deadline for Ripple approaches in January 2025, the transition in leadership raises questions about the future of crypto regulations.
Gary Gensler, the controversial head of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025, as announced by the agency recently. Gensler, who was widely criticized by crypto investors during his tenure, will leave just days before a major decision in the SEC’s ongoing legal battle with Ripple, set for January 25, 2025.
What Gary Gensler’s Departure Means for the SEC’s Ripple Lawsuit
However, despite Gensler’s departure, the future of the SEC’s approach to crypto remains uncertain. Bill Morgan, an attorney closely following the case, pointed out that the SEC’s new chief litigation counsel, Jorge Tenreiro, is deeply involved in the Ripple litigation.
Tenreiro, who will be the key lawyer in the SEC v. Ripple case, may continue in this role even after the confirmation of the new SEC commissioner, Paul Atkins. Morgan expressed skepticism about any significant shift in the SEC’s stance on crypto if Tenreiro remains in charge of the litigation.
Morgan warned against assuming that the SEC’s decision not to file its brief in the Ripple case by January 15, 2025, signals a change in approach. He said that Tenreiro would still be handling it.
Morgan wrote, “If Tenreiro stays in the new role it will not signal a big change in SEC enforcement policy towards crypto. Even if there is a change the SEC v Ripple Appeal may continue.”
Jorge Tenreiro’s Role: Will the SEC’s Stance on XRP Change?
In response, Marc Fagel, a former SEC lawyer, clarified that trial counsel like Tenreiro do not make policy decisions; they handle enforcement actions approved by the SEC’s Commissioners.
Fagel asked whether there was any example of a new SEC administration dismissing a pending enforcement action, though he acknowledged that future changes could deviate from past norms.
As the January 2025 appeal deadline approaches, it remains to be seen how the SEC’s leadership transition will impact the outcome of the Ripple case and the agency’s overall approach to the cryptocurrency market.
FAQs
What impact will Gensler’s departure have on the Ripple lawsuit?
Despite Gensler’s exit, the SEC’s approach may remain the same, with Jorge Tenreiro continuing to handle the Ripple case.
Will the SEC’s stance on crypto change after Gary Gensler leaves?
Legal experts suggest the SEC’s crypto policy may not change significantly, even with a leadership transition and Tenreiro in charge.
What is the significance of the January 2025 Ripple case appeal deadline?
The Ripple appeal deadline in January 2025 is pivotal for the future of crypto regulation, potentially shaping the SEC’s approach.
@ Newshounds News™
Source: Coinpedia
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RIPPLE TARGETING YEAR-END RLUSD STABLECOIN LAUNCH: REPORT
Ripple is pushing to launch its U.S. dollar-pegged stablecoin, RLUSD, by the end of 2024, though regulatory approvals and the holiday season could cause delays.
This sentiment comes from Ripple CTO David Schwartz. Speaking at The Block’s Emergence conference in Prague, Schwartz expressed optimism despite challenges.
“I’m very hopeful it will happen this year, but once you start running into Christmas and New Year’s, people are gone,” he said, according to The Block.
RLUSD was initially announced in April and will operate on both the XRP Ledger and Ethereum. Testing began in August, and Ripple has partnered with exchanges Uphold, Bitstamp, and Bitso, alongside market makers B2C2 and Keyrock, to ensure liquidity.
No release on December 4
One of the main obstacles is obtaining regulatory approval from the New York State Department of Financial Services
There was speculation that Ripple’s stablecoin would be released on December 4. However, the company addressed this speculation on X, stating, “Despite some rumors, RLUSD isn’t launching today. We’re working closely with the NYDFS on final approval and will share updates as soon as possible.”
@ Newshounds News™
Source: Crypto News
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HOW TO OPEN A XAMAN WALLET: THE EASIEST STEP-BY-STEP GUIDE | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
I SPENT YEARS RESEARCHING THE RV AND HERE'S WHAT I FOUND! Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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David Morgan: Gold - The Monetary Hitching Post of the Universe
David Morgan: Gold - The Monetary Hitching Post of the Universe
Palisades Gold Radio: 12-6-2024
Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their recent interviews with Dr. Judy Shelton.
They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability.
Morgan believes these views align with his life's work. The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver.
David Morgan: Gold - The Monetary Hitching Post of the Universe
Palisades Gold Radio: 12-6-2024
Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their recent interviews with Dr. Judy Shelton.
They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability.
Morgan believes these views align with his life's work. The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver.
The benefits of a bimetallic system include regulation of inflation, but its practicality is questioned due to the current market values of gold and silver.
Morgan also discusses the role of the Federal Reserve in the US monetary system, suggesting that commercial banks create most of the money through loans and advocating for the Treasury to manage monetary policy according to the Constitution.
He expresses skepticism towards Central Bank Digital Currencies due to concerns over privacy and potential loss of control by individuals.
David Morgan shares his long-term perspective on investing in silver, emphasizing its importance as a form of financial security and potential return to being a monetary asset.
He also discusses the industrial uses of platinum and palladium and expresses his bullish sentiment towards these metals.
In conclusion, Morgan advocates for self-reliance, fundamental human values, and focuses on the human spirit despite skepticism towards politics.
David Morgan is working on a documentary called "Silver Sunrise" that explores the monetary system, stress, fear, and control related to money, featuring interviews from renowned figures like G. Edwin Griffin, Ron Paul, Ellen Brown, and Mark Passio, set for release early next year.
Time Stamp References:
0:00 - Introduction
0:30 - Dr. Judy Shelton
6:47 - Silver Standard?
10:07 - Fed's Role & Ron Paul
13:48 - CBDC Concerns
16:35 - Trumps Cabinet Picks
22:54 - Silver Expectations
25:48 - China, Russia, & India
29:06 - Platinum & Palladium
31:07 - Sentiment in Metals
33:42 - Silver Sunrise Documentary
38:15 - Holiday Wrap Up
Missouri Currency Reform: A New Move Toward Gold and Silver Economy
Missouri Currency Reform: A New Move Toward Gold and Silver Economy
Awake-In-3D December 5, 2024
Missouri takes a groundbreaking step toward financial sovereignty with its push for gold and silver as legal tender, challenging centralized control and advancing the currency revaluation debate.
In the latest move reshaping the future of state monetary policy, Missouri currency reform has emerged as a powerful response to the challenges of centralized financial control. By rejecting Central Bank Digital Currencies (CBDCs) and advocating for gold and silver as legal tender, Missouri is positioning itself at the forefront of the currency revaluation debate.
Missouri Currency Reform: A New Move Toward Gold and Silver Economy
Awake-In-3D December 5, 2024
Missouri takes a groundbreaking step toward financial sovereignty with its push for gold and silver as legal tender, challenging centralized control and advancing the currency revaluation debate.
In the latest move reshaping the future of state monetary policy, Missouri currency reform has emerged as a powerful response to the challenges of centralized financial control. By rejecting Central Bank Digital Currencies (CBDCs) and advocating for gold and silver as legal tender, Missouri is positioning itself at the forefront of the currency revaluation debate.
This legislative push not only strengthens financial sovereignty but also aligns with broader global trends favoring tangible assets over fiat systems.
Legislative Push: The Basics of the Missouri Currency Reform
Republican Senator Rick Brattin’s pre-filing of SB 194 on December 1 signifies the latest in a series of legislative efforts to define the state’s monetary future. The bill explicitly prohibits public entities from accepting or testing CBDCs, a move designed to curtail the influence of centralized digital currencies that many argue lead to increased government surveillance and control.
Moreover, the bill redefines the state’s Uniform Commercial Code (UCC) to exclude CBDCs from its definition of money.
Perhaps most notably, SB 194 advocates for alternative monetary systems by mandating that the state treasurer allocate at least 1% of state funds to gold and silver holdings. This provision underscores a commitment around a Missouri currency reform to precious metals as a hedge against currency devaluation and economic instability. The bill also exempts gold and silver transactions from state capital gains taxes and recognizes these metals as legal tender, providing citizens with a tangible alternative to fiat currencies.
The Broader Context: State-Level Resistance to CBDCs
Missouri’s legislative moves come at a time when resistance to CBDCs is gaining traction across the United States. States like Louisiana and North Carolina have already passed laws to prohibit CBDC adoption, and similar efforts are underway at the federal level, including the CBDC Anti-Surveillance State Act passed by the U.S. House of Representatives in May.
For Missouri, however, the legislative battle has been particularly robust. Earlier this year, multiple bills addressing CBDCs and precious metals were introduced, though not all succeeded. SB 1352 sought to overhaul the state’s UCC to block CBDCs and passed a House vote before stalling in the Senate. Other bills, like SB 736 and its companion House legislation, attempted to tie CBDC prohibition to the promotion of gold and silver but failed to pass. Despite these setbacks, SB 194 marks a significant initiative to realign the state’s monetary policy with principles of sovereignty and decentralization.
Precious Metals vs. CBDCs: Competing Visions of Monetary Policy
Missouri’s legislative efforts center on a fundamental conflict between two competing visions of the future of money. On one hand, CBDCs represent a digital extension of fiat currencies, offering increased efficiency and integration with modern payment systems. However, critics argue that CBDCs concentrate monetary power in the hands of central banks and governments, enabling unprecedented levels of financial surveillance and control.
On the other hand, gold and silver symbolize a return to monetary systems grounded in tangible value and historical precedent. By recognizing these metals as legal tender, this Missouri currency reform aims to provide its citizens with a form of money that is immune to inflationary pressures and independent of centralized control. This approach resonates with the principles underlying the GCR and RV, which emphasize the restoration of equitable value in global currencies and a move away from excessive reliance on fiat systems.
Implications for the Global Currency Reset
Missouri’s legislative actions reflect broader trends associated with the GCR. The inclusion of gold and silver in state monetary policy aligns with efforts to stabilize currencies through tangible assets, a key tenet of the reset. Additionally, the rejection of CBDCs reflects growing skepticism about the role of centralized institutions in shaping the future of money.
While the GCR is often discussed in terms of international agreements and global economic shifts, state-level actions like those in Missouri highlight the importance of grassroots movements in driving monetary reform. By taking a stand against CBDCs and embracing precious metals, Missouri is not only asserting its own financial sovereignty but also contributing to a larger conversation about the balance between centralized and decentralized monetary systems.
Potential Barriers and Strategic Opportunities for a Missouri Currency Reform
Despite its ambitious goals, Missouri’s legislative agenda faces significant challenges. The failure of earlier bills to pass demonstrates the difficulty of achieving consensus on complex monetary issues. Furthermore, the implementation of gold and silver as legal tender raises practical questions about verification processes, transaction logistics, and public acceptance.
However, these challenges also present opportunities for innovation and leadership. If successful, Missouri’s policies inspire similar initiatives at the national level, influencing the direction of the GCR and RV.
The Bottom Line
Missouri’s efforts to ban CBDCs and promote gold and silver as legal tender reflect a growing desire for financial autonomy and a rejection of centralized monetary control. In the context of the GCR and RV, these actions represent a significant step toward a more equitable and decentralized global economy.
As the debate over the future of money continues, Missouri’s legislative push serves as both a challenge to the status quo and a driving force behind financial reform. Whether or not SB 194 ultimately passes, it shapes state sovereignty, monetary policy, and the broader global currency landscape.
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Seeds of Wisdom RV and Economic Updates Friday Morning 12-06-24
Good Morning Dinar Recaps,
WHO IS DAVID SACKS? AND WHY HAS DONALD TRUMP MADE HIM CRYPTO CZAR?
▪️David O. Sacks Becomes White House AI & Crypto Czar Under Trump's Administration.
▪️Former PayPal COO Brings Expertise in Tech and Venture Capital to Federal Leadership.
▪️Close Ties to Trump and Musk May Boost Fresh AI-Crypto Strategies for U.S. Leadership.
Good Morning Dinar Recaps,
WHO IS DAVID SACKS? AND WHY HAS DONALD TRUMP MADE HIM CRYPTO CZAR?
▪️David O. Sacks Becomes White House AI & Crypto Czar Under Trump's Administration.
▪️Former PayPal COO Brings Expertise in Tech and Venture Capital to Federal Leadership.
▪️Close Ties to Trump and Musk May Boost Fresh AI-Crypto Strategies for U.S. Leadership.
Former PayPal executive and renowned venture capitalist David O. Sacks has been appointed by Donald Trump as the White House’s first “AI & Crypto Czar.” This new role is part of Trump’s plan to position America as a global leader in artificial intelligence (AI) and cryptocurrency, two rapidly growing fields shaping the future. The announcement came shortly after Bitcoin reached its $100k milestone.
Why Trump Appointed David Sacks Only?
In a post on Truth Social, Trump announced Sacks’ appointment and highlighted his mission to create a clear legal framework for the cryptocurrency sector. However, Trump’s decision to appoint Sacks arose from his impressive track record as a tech entrepreneur and investor.
Sacks, a founding-era COO of PayPal and a key member of the “PayPal Mafia,” has built and supported some of Silicon Valley’s most successful ventures. His expertise in technology and finance makes him tackle the challenges and opportunities in AI and crypto effectively.
Meanwhile, some experts even hint that Trump’s decision to appoint Sacks is seen as a reward for his loyal support during the campaign. Sacks played a pivotal role in fundraising for Trump, helping to raise $12 million during a high-profile event earlier this year.
What Changes Could Sacks Bring?
David Sacks will focus on creating clear rules for cryptocurrencies to remove confusion and help the U.S. digital asset industry grow. His goal is to support crypto businesses and position the United States as a global leader in digital innovation.
According to Trump, he will “steer us away from Big Tech bias and censorship,” ensuring a balanced digital landscape that supports open discourse. Sacks will also focus on safeguarding free speech in the online space
Additionally, Sacks will chair the Presidential Council of Advisors for Science and Technology, guiding the administration’s policies on emerging technologies.
Sacks Close Ties to Trump and Musk
Sacks has been a strong Trump supporter of Trump, hosting fundraisers and rallying tech industry donors. He also shares close ties with Elon Musk, who has made waves in AI through his company xAI and chatbot Grok. This connection could bring fresh ideas and partnerships to the administration’s tech strategy.
@ Newshounds News™
Source: Coinpedia
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PHILIPPINES COMPLETES WHOLESALE CBDC TRIAL
Today Bangko Sentral ng Pilipinas (BSP) said it completed Proof of Concept trials for its Project Agila wholesale central bank digital currency (wCBDC) along with participating financial institutions.
Specifically, the latest trial tested whether banks in the Philippines can pay each other outside of bank operating hours during evenings, weekends and holidays.
“Wholesale CBDCs are expected to enhance liquidity management, reduce settlement risks, and support financial stability,” said BSP Governor Eli M. Remolona, Jr.
“Insights from this project will guide the BSP’s CBDC roadmap. Our goal is to leverage new technologies to further enhance the efficiency and resilience of the national payment system.”
While the bank hasn’t yet released a report about specific findings, the central bank shared its plans earlier in the year. Many wCBDC trials are quite speculative, but this one is less so.
The central bank plans to launch a wCBDC during Mr Remolona’s term, which ends in 2029. It is expected to be sooner rather than later, with 2025 or 2026 previously floated as potential timeframes.
Apart from out of hours payments, the wCBDC will potentially be used for securities settlement and cross border payments. The central bank is an observer in the mBridge DLT cross border payment system used by the central banks of China, Hong Kong, Saudi Arabia, Thailand and the UAE.
During 2023 the BSP assessed various blockchain technologies, selecting Hyperledger Fabric.
@ Newshounds News™
Source: Ledger Insights
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“Tidbits From TNT” Friday Morning 12-6-2024
TNT:
Tishwash: The UN Security Council holds a special session on the situation in Iraq
The UN Security Council will hold a special session, Friday, on the situation in Iraq, and to review the latest developments in the country.
According to a post by the United Nations Assistance Mission in Iraq (UNAMI) on the X platform, the session will be held at (6:00 pm Baghdad time), and it is expected that the UN Special Representative, Mohammed Al-Hassan, will provide a briefing in the session on developments in Iraq and on UNAMI.
In July 2024, UN Secretary-General António Guterres appointed Mohammed Al-Hassan of the Sultanate of Oman as his new Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI), replacing Jeanine Hennis-Plasschaert
TNT:
Tishwash: The UN Security Council holds a special session on the situation in Iraq
The UN Security Council will hold a special session, Friday, on the situation in Iraq, and to review the latest developments in the country.
According to a post by the United Nations Assistance Mission in Iraq (UNAMI) on the X platform, the session will be held at (6:00 pm Baghdad time), and it is expected that the UN Special Representative, Mohammed Al-Hassan, will provide a briefing in the session on developments in Iraq and on UNAMI.
In July 2024, UN Secretary-General António Guterres appointed Mohammed Al-Hassan of the Sultanate of Oman as his new Special Representative for Iraq and Head of the United Nations Assistance Mission for Iraq (UNAMI), replacing Jeanine Hennis-Plasschaert . link
Tishwash: Al-Alaq receives representatives of the Innovation Center at the Dubai International Financial Center
The Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed on Thursday with representatives of the Innovation Center at the Dubai International Financial Center ways of cooperation in the areas of enhancing innovation and entrepreneurship, and adopting financial technology and artificial intelligence in the Iraqi banking sector.
The media office at the Central Bank said in a statement received by "Al-Eqtisad News" that "the Governor of the Central Bank, Ali Mohsen Al-Alaq, in Baghdad, held a meeting with representatives of the Innovation Center at the Dubai International Financial Center, during which ways of cooperation were discussed in the areas of enhancing innovation and entrepreneurship, and adopting financial technology, artificial intelligence and advanced infrastructure."
The statement added that "the meeting reviewed opportunities to support innovation in banking systems and electronic payment solutions, and provide opportunities for emerging companies in these fields to enter Iraqi, regional and global markets."
He pointed out that "the meeting discussed developing training programs to build Iraqi capabilities to keep pace with global developments, enhance regulatory cooperation and adopt the best standards in the fields of financial technologies and banking technology."
The statement said that the two parties "discussed strengthening partnerships between the financial and banking sector, emerging companies and investors, in addition to interacting with universities and various institutions to support the next generation of Iraqi entrepreneurs, expressing their commitment to developing partnerships in a way that contributes to achieving the vision of the Central Bank of Iraq in building a digital economic system and a comprehensive financial system based on technology and innovation." link
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Tishwash: Ernst & Young reveals the completion rate of the Rafidain Bank restructuring project
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the project to restructure Rafidain Bank.
The committee for this project included officials from the Iraqi Ministry of Finance, the Central Bank of Iraq, the Prime Minister’s Advisor, and the Head of the World Bank Mission in Iraq, in addition to members of Ernst & Young as an expert auditor and consultant in the restructuring process.
The World Bank's Regional Director in Iraq, Emmanuel Salinas, explained the reality of work on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the restructuring plan in its operational and financial aspects.
While Firas Kilani, an expert in the restructuring project from Ernst & Young, explained that the project has made great progress since its inception in September 2024 and has currently reached 74%, and the next phase of the scope of work will be completed at the end of this month, moving to an advanced stage in this project.
The Governor of the Central Bank confirmed that the support of the Iraqi Prime Minister in this regard has positively accelerated the progress of the project, to reach important stages in the restructuring and development process at Rafidain Bank. link
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Tishwash: Honeywell discusses Development of Iraqi Oil Refineries
Iraq's Deputy Minister of Oil for Refining Affairs, Hamed Younis, reaffirmed Iraq's commitment to collaborating with reputable global companies to advance its refining sector. This aligns with the government's strategic program and directives from Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani.
During a meeting with Honeywell's Middle East Executive Director, James Moshi, and Iraq Country Head, Mohamed Al-Shabout, discussions focused on strengthening cooperation in refinery development. The meeting also reviewed progress on agreements made during Abdul-Ghani's visit to Honeywell in Houston, USA, last September.
The session was attended by senior officials, including the Director General of the Studies and Planning Department, Naseer Aziz Jabar, and the Deputy General Manager of the South Refineries Company (SRC).
In June, the Ministry of Oil signed a memorandum of understanding with Honeywell to develop oil refineries.
(Source: Ministry of Oil) link
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Seeds of Wisdom RV and Economic Updates Thursday Evening 12-05-24
Good Evening Dinar Recaps,
BRICS NEWS: BRICS: WHY TRUMP’S 100% TARIFF PLAY MAY FURTHER DE-DOLLARIZATION
With the president-elect targeting the BRICS bloc specifically, Donald Trump’s proposed 100% tariff plan may only further global de-dollarization efforts. The statement has been met with increased opposition from countries in the global south. Moreover, it represents another clear attempt at the West weaponizing the greenback.
If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale. Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.
Good Evening Dinar Recaps,
BRICS NEWS: BRICS: WHY TRUMP’S 100% TARIFF PLAY MAY FURTHER DE-DOLLARIZATION
With the president-elect targeting the BRICS bloc specifically, Donald Trump’s proposed 100% tariff plan may only further global de-dollarization efforts. The statement has been met with increased opposition from countries in the global south. Moreover, it represents another clear attempt at the West weaponizing the greenback.
If enacted, the tariff could be the catalyst for inciting continued efforts to abandon the US dollar on a global scale. Although BRICS nations have previously said that they would not seek to ditch the currency, Trump’s policies could drive a necessary recalculation of what would be best for these countries.
Trump’s 100% Tariff Could Mirror Sanctions, Drive Global De-Dollarization
Following his historic victory in the 2024 presidential election, the US dollar has remained a focus for Donald Trump’s incoming administration. Specifically, he has continually said that losing the greenback as the world’s currency would be akin to the country “losing a war.” Therefore, its position in global finances remains a focal point.
That led the incoming president to issue a stark warning to BRICS nations. “The idea that the BRICS are trying to move away from the dollar while we stand by and watch is OVER,” he said in a Truth Social post.
“We require commitment from these countries that they will neither create a new BRCIS currency to replace the mighty US dollar, or they will face 100% tariffs and should expect to say goodbye to selling into the wonderful US economy,” he added.
Yet, his recent statement only reinforced the reasons why nations are stepping away from trading in the currency. For BRICS and many others, Trump’s 100% tariff plan may only further de-dollarization. It once again shows that the United States wants to leverage its perceived power for its own economic gains and standing.
The imposition of Western sanctions drove Russia to initiate de-dollarization efforts through its BRICS alliance. The weaponization of the greenback saw the bloc further enhance trade deals. Ultimately, leading to the promotion of local currency trade.
That will only enhance under Trump’s tariff plan. Moreover, it will harm American industries. The current efforts to ditch the US dollar wouldn’t have the same effect on imports that the incoming presidents would. In the end, he may well be shooting his incoming administration in the foot.
@ Newshounds News™
Source: WATCHER GURU
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ASIA-PACIFIC (APAC) CRYPTO ADOPTION 2024: KEY TRENDS AND INSIGHTS TO KNOW
▪️The Asia-Pacific region has seen a surge in cryptocurrency adoption, far outpacing the global average.
▪️APAC's crypto adoption is driven by real-world use cases and cultural acceptance, rather than just financial speculation.
▪️Countries with better regulatory frameworks are witnessing higher adoption rates and increased institutional interest.
The Asia-Pacific (APAC) region is undergoing a major shift in how people use cryptocurrencies. From financial centers like Hong Kong and Singapore to growing markets in Southeast Asia, digital assets are becoming more mainstream. In APAC, crypto isn’t just a way to make money—it’s becoming part of daily life, driven by people and culture, not just technology.
Crypto Adoption Soars Across APAC
A recent report by Consensus, titled “Driven By Demand: The People-Powered Crypto Movement in Asia Pacific,” shows that crypto adoption in APAC has reached 22% in 2024—nearly three times the global average of 7.8%.
Thailand leads the way with a remarkable 43% adoption rate, followed by the UAE (37%), India (32%), and the Philippines (31%). Countries like South Korea (28%) and Hong Kong (24%) are also making progress, while Japan (12%) and Mainland China (17%) are lagging behind.
A Tool for Financial Inclusion
The survey, which included nearly 4,300 participants from ten APAC countries, reveals that more than half of respondents (51%) see digital assets as a key to financial inclusion. Additionally, 37% believe crypto gives them more control over their finances without relying on banks.
This shows that, in APAC, crypto isn’t just about making a profit—it’s a practical tool for everyday use and fits well with the region’s culture.
Crypto’s Everyday Value
Over the past year, the attitude toward cryptocurrencies in APAC has shifted significantly. With fewer scandals and more local activity, trust in the industry has grown. Unlike in some Western regions, where distrust of traditional banks drives crypto adoption, APAC users focus more on crypto’s practical benefits for daily life.
Interestingly, only 18% of people surveyed said they distrust banks. This suggests that in APAC, crypto is seen as a solution to real-world problems, not just a reaction to traditional financial systems.
Race to Become a Crypto Hub
The report also finds that 69% of respondents believe clear regulations are important to protect crypto users. However, the report suggests that regulation alone isn’t what’s driving adoption—it supports the strong demand already present in the market.
Countries with higher adoption rates, like Thailand and the UAE, benefit from clearer regulations, which help the crypto ecosystem grow.
APAC Leading the Global Crypto Charge
Michael Lau, Chairman of Consensus Hong Kong, pointed out that APAC is setting the pace for the global crypto market. He highlighted how recent Bitcoin and Ethereum ETF approvals, along with more institutional investments, are positioning APAC as a leader in creating a more connected global financial future.
With its mix of cultural acceptance, practical use, and evolving regulations, APAC is not only shaping the future of cryptocurrency—it’s influencing the global financial system.
This people-driven movement proves that when demand meets innovation, real change happens.
@ Newshounds News™
Source: Coinpedia
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ISO 20022: The Future of Finance, Explained | Youtube
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