Goldilocks' Comments and Global Economic Sunday Evening 2-25-24

Good Evening Dinar Recaps,

HUTCHINSON, Kan. — "Reno County State Rep. Michael Murphy is backing a bill to allow for physical precious metals to pay for items in Kansas."

Kansas is the first state to run this proposal through the legislative committee process. Florida, Utah, Texas, and Oklahoma are all working on one.

If successful, these states will have their own depository. People will be able to use a debit card that represents the gold and silver held in this depository just like a bank.

The difference is that gold and silver is held in the depository and not paper money. Hutch Post

© Goldilocks

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Goldilocks' Comments and Global Economic News Friday Evening 2-23-24

Good Evening Dinar Recaps,

Hong Kong Central Bank Announcement:

"On Tuesday, the Hong Kong Monetary Authority (HKMA) released an 11-page circular outlining its guidelines for tokenization and digital asset custody for institutions authorized in the region.

The recent guidance from the Hong Kong Monetary Authority (HKMA) supplements the licensing framework introduced last year, providing crypto exchanges with a clear pathway to operate under regulation."

Hong Kong has just recently been given the green light to move forward with their crypto and stablecoin regulations.

Do you remember the pilot program they were on to standardize and move forward with the digital versions of our foreign currency in their sandbox?

It will be important for us to watch as they advance forward with their new guidelines as it will pertain to monetary shifts in prices on the Forex Market.   Crypto Times

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Goldilocks' Comments and Global Economic News  Thursday Evening 2-22-24

Good Evening Dinar Recaps,

Several companies are delisting their shares on the market as of late. There is a reason for that happening.

"Being delisted does not mean that a company is no longer public. In fact, shareholders can still trade their shares on a smaller exchange, or “over-the-counter.” However, being delisted normally leads to a devaluation of the stock, and decreased liquidity for investors."

Sometimes mergers take place to cause these things, or a cash-out opportunity takes place. There are many reasons for this happening. I am just noticing that there are several taking place right now.

Several companies are just not able to meet compliance issues for the SEC such as capital requirements or collateralization of their company is more than they can afford due to losses happening in the market.

Many companies are facing the consequences of having not switched over to SOFR lending services last year when it became available. The system is changing my friends. IPO Hub  Investopedia   SEC

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Goldilocks' Comments and Global Economic News Wednesday Evening 2-21-24

Good Evening Dinar Recaps,

Trading Announcement:

The Commodity Futures Trading Commission has finally approved the following proposed rules:

"Proposed Rule: Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants

Proposed Rule: Foreign Boards of Trade

Proposed Rule: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions"

These proposed rules can now go into effect. As you can see, the first one deals with the ability to collateralize and cover swaps getting ready to take place. The second one deals with foreign market exchange guidelines. And the last one, deals with guidelines and requirements that governs swap exchanges and executions such as foreign currency exchanges.

Even though Forex is excluded from many of these guidelines, foreign currency exchanges are subject to reporting rules and the guidelines that govern swap executions taking place with the CFTC. CFTC

© Goldilocks

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Goldilocks' Comments and Global Economic News Tuesday Evening  2-20-24

Good Evening Dinar Recaps,

* At 12:00 EST, the vote for Protocol 20 will begin. *

The merger of Protocol 20 completes the Quantum System upgrade from Protocol 19 to Protocol 20.

There is a chance that a volatility event could happen during this time as our tokenized assets move into real values on the new Quantum Financial system.

During this transfer of assets, traditional assets are being tokenized and supported by commodities.

This will help our markets and banking system work with real-world values as they synchronize into one another.    Stellar

© Goldilocks

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"Regulatory Changes Impacting PDX Operations Heading Into 2024

PDX Coin is the heart of a global payments and digital banking platform that aims to enable hundreds of millions of retail users, institutions, merchants, vendors and ecosystem partners to easily participate in the crypto economy with instant conversion between digital currency and fiat currency."

Goldilocks' Comments and Global Economic News Monday Evening 2-19-24

Good Evening Dinar Recaps,

From last night!

"The World's First Gold Standard Digital Currency - BDTCOIN" 
More on this coming...

© Goldilocks
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BDTCOIN is an exclusive Gold standard digital currency revolutionizing the global finance with multiple financial players, a dynamic cutting-edge blockchain built  with QUANTUM-resistant protocols and DeFi Ecosystem.

Bdtcoin is an emerging digital currency in the digital world, introduced at the end of 2022. Unlike other traditional digital currencies that are not backed by any physical assets, Bdtcoin is backed by Gold and not any fiat currency worldwide, giving it a unique advantage in the market. 

As a digital store of value and medium of exchange, BDTCOIN blockchain facilitates a new revolutionary DeFi ecosystem with multiple financial players for its users worldwide to control their own money and data. This has enabled greater access to financial services, lower costs, faster transactions, and more financial freedom overall its users.  

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Goldilocks' Comments and Global Economic News Sunday Evening 2-18-24

Good Evening Dinar Recaps,

The Central Bank of Iraq revealed the mechanism for accepting and studying applications for granting licenses to electronic payment companies, confirming the continued receipt of licensing applications.

The Central Bank specified that the applicant, whether a natural or legal person, must have at least three years of experience in the field of electronic payment and the payments industry, and this includes the founders and participants, indicating that the application includes a detailed explanation of the added value to the electronic payment sector in Iraq that will be provided by the company to be licensed. Especially in the field of modern collection techniques and enriching the Iraqi market with distinguished and applicable service.

The bank stressed the necessity of submitting a request for a detailed technical feasibility study of what the company to be licensed will provide, pointing out that the request includes the minimum standards for accepting applications for obtaining a license to operate as an electronic payment service provider, in addition to what is stated in the electronic money payment services system No. (3). For the year 2014.

Goldilocks' Comments and Global Economic News Saturday Evening 2-17-24

Good Evening Dinar Recaps,

"Hong Kong has launched a public consultation on proposed legislation for regulating over-the-counter virtual asset trading, the jurisdiction’s website said on Thursday."

The public consultation will give the public time to voice their concerns about the regulatory proposals of stablecoins.

The final step will be the implementation of government licensing for digital asset providers of OTC trading services.

The consultation will last until April 12, 2024. At that time, the rollout of the sandbox of many Global Stablecoins tested in their pilot program will be available for Global Trade. 

© Goldilocks

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Goldilocks' Comments and Global Economic News Friday Evening 2-16-24

Good Evening Dinar Recaps,

New Delhi, Feb 09: "The call for institutional reforms resounded strongly from the United Nations headquarters as Secretary-General Antonio Guterres pressed for comprehensive changes, starting with a significant overhaul of the Security Council and the Bretton Woods Institutions – the World Bank and the International Monetary Fund (IMF)."

Just recently, Jerome Powell and Janet Yellen have been calling for a serious conversation about our 34 trillion dollar national debt. They are saying that the move toward a sustainable fiscal path is of most importance.

A sustainable fiscal policy happens when the ratio of debt held by the public to GDP is stable or declining over time.

It is no secret that the old Financial System is not going to get us to where we need to be anymore. For the past 2 years and almost a half, we have been working on tokenizing assets and creating legislation leading to laws that will govern our new digital asset-based trading system on the QFS.

In just 5 more days, Protocol 20 will be voted on and implemented. The process of expanding into our new digital banking system will commence.