Iraq Economic News and Points To Ponder Thursday Morning 9-25-25

Baghdad Awaits The Most Prominent Economic Event: The "Iraq Investment Forum", Promising Opportunities And Development Goals.

Wednesday, September 24, 2025, | Economics Number of readings: 140  Baghdad / NINA / The capital, Baghdad, is preparing to host the most prominent economic event (Iraq Investment Forum) on Saturday and Sunday, under the patronage of Prime Minister Mohammed Shia Al-Sudani, under the slogan (Invest in Mesopotamia), which is organized by the Iraqi Economic Council in partnership with the National Investment Commission, under the direct supervision of the Prime Minister's Office.

The forum, which has been postponed more than once due to the circumstances and events that the region has gone through, will witness the participation of major Arab and foreign companies, with a distinguished presence of relevant institutions and organizations, as it represents an important event to showcase ready investment opportunities for various economic sectors provided by the National Investment Commission, a number of ministries and investment agencies in the governorates and the private sector.

The forum's agenda also includes main axes and direct dialogue sessions to shed light on the measures supporting the investment environment and promising projects, and the role that Iraq plays regionally and globally in the energy, industry, agriculture, trade and transportation files.

The forum will also include a presentation on the Strategic Development Road project and its developmental and economic objectives, and the sustainable investment and development opportunities it includes,

as well as the announcement of the second phase of new city projects, which will provide more than (150) thousand housing units in integrated residential cities in several Iraqi governorates,

 in addition to presenting more than (160) investment opportunities in various sectors, including "oil and gas, energy, renewable energy, health, pharmaceutical industries, food and manufacturing industries, transportation, heavy and medium industries, tourism, hotels, entertainment, higher education, scientific research, housing and real estate development, the agricultural sector and animal production, the industrial cities sector and free zones." https://ninanews.com/Website/News/Details?key=1253556

The Dollar Changes Its Compass. The Dollar Rises After A Series Of Declines In Baghdad.

Stock Exchange  The dollar exchange rate continued its rise against the Iraqi dinar from yesterday evening until today, following a series of declines recorded over the past few days.

Baghdad
Selling price: 143,000 dinars for $100
Buying price: 141,000 dinars for $100

Erbil
Selling price: 141,500 dinars per $100
Buying price: 141,400 dinars per $100

https://economy-news.net/content.php?id=60329

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

“Tidbits From TNT” Thursday Morning 9-25-2025

TNT:

Tishwash:  SOMO Director: Kurdistan oil export agreement will ensure implementation of budget law and its amendments

The State Oil Marketing Organization (SOMO) confirmed that the mechanisms of the upcoming agreement to export the region's oil will ensure the implementation of the budget law and its amendments.

The Director General of the State Oil Marketing Organization (SOMO), Ali Nizar, said in a statement to the National Iraqi News Agency ( NINA ), that "there are great efforts by the Ministry of Oil to conclude the oil agreement with the Kurdistan region, and this is not a new agreement, but it guarantees the establishment of an effective mechanism for implementing the general budget law and its amendments."

He pointed out that "the Ministry of Oil and Natural Resources in the region is also making efforts to complete this mechanism, and implementation is proceeding quickly."

He explained, "The government will soon announce the launch of the mechanisms after the official signing of this agreement, and everything is ready for us, awaiting the pumping of oil to be exported through the Turkish port of Ceyhan. We are also optimistic that these mechanisms will lead to the pumping of oil from the region under the supervision of SOMO."

He added, "The recent Cabinet decisions outline a clear mechanism to guarantee the rights of producing companies and Iraq's revenues from this export, which is awaiting permission to begin pumping," indicating that "all the procedures by the Ministry of Oil, the Oil Marketing Company, and the Ministry of Natural Resources in the Kurdistan Region, and the strict mechanisms put in place to implement the budget law and its amendments, would have begun the pumping process a long time ago."   link

Tishwash:  Baghdad awaits the most prominent economic event: the "Iraq Investment Forum", promising opportunities and development goals.

The capital, Baghdad, is preparing to host the most prominent economic event (Iraq Investment Forum) on Saturday and Sunday, under the patronage of Prime Minister Mohammed Shia Al-Sudani, under the slogan (Invest in Mesopotamia), which is organized by the Iraqi Economic Council in partnership with the National Investment Commission, under the direct supervision of the Prime Minister's Office.

The forum, which has been postponed more than once due to the circumstances and events that the region has gone through, will witness the participation of major Arab and foreign companies, with a distinguished presence of relevant institutions and organizations, as it represents an important event to showcase ready investment opportunities for various economic sectors provided by the National Investment Commission, a number of ministries and investment agencies in the governorates and the private sector.

The forum's agenda also includes main axes and direct dialogue sessions to shed light on the measures supporting the investment environment and promising projects, and the role that Iraq plays regionally and globally in the energy, industry, agriculture, trade and transportation files.

The forum will also include a presentation on the Strategic Development Road project and its developmental and economic objectives, and the sustainable investment and development opportunities it includes, as well as the announcement of the second phase of new city projects, which will provide more than (150) thousand housing units in integrated residential cities in several Iraqi governorates.

In addition to presenting more than (160) investment opportunities in various sectors, including "oil and gas, energy, renewable energy, health, pharmaceutical industries, food and manufacturing industries, transportation, heavy and medium industries, tourism, hotels, entertainment, higher education, scientific research, housing and real estate development, the agricultural sector and animal production, the industrial cities sector and free zones."  link

************

Tishwash:  President Rashid at UNGA 80: Iraq Restores International Standing

President of the Republic of Iraq, Dr. Abdullatif Jamal Rashid, addressed the 80th Session of the United Nations General Assembly in New York, affirming Iraq’s restored role on the international stage and outlining the country’s vision for peace, development, and regional stability.

President Rashid highlighted Iraq’s leadership as current chair of both the Arab Summit and the Group of 77 and China, noting the country’s active participation in organisations such as OPEC, the Non-Aligned Movement, and the Organisation of Islamic Cooperation.

He underlined that Iraq is once again a constructive partner in international and regional affairs.

President Rashid announced that Iraq is preparing for its sixth parliamentary elections, consolidating the process of peaceful power transfer, which he described as a “bright example” in the region. He reaffirmed Iraq’s democratic path, commitment to free and fair elections, and readiness to host international or regional UN offices as part of strengthening cooperation.

On security, President Rashid recalled Iraq’s successful fight against terrorism, stressing that global efforts must hold accountable all parties who finance or support extremist groups. He also urged collective implementation of UN Security Council resolutions on counter-terrorism.

Addressing humanitarian issues, President Rashid said Iraq continues to prioritise the safe return of displaced persons to liberated areas, while requiring international assistance to rebuild devastated cities. He underscored the importance of protecting minorities such as Yazidis and Christians and ensuring their right to live securely in their ancestral lands.

Turning to economic and development matters, Iraqi President said the country is pursuing reforms and diversifying its economy beyond oil, with significant investment opportunities in energy, water, electricity, agriculture, industry, and infrastructure. He called on the international community to support Iraq in recovering smuggled funds and expanding partnerships.

On environmental challenges, President Rashid warned that Iraq is among the countries most severely affected by climate change, citing desertification, water scarcity, and intensifying dust storms. He outlined Iraq’s efforts to develop renewable energy, improve water management, and cut carbon emissions, while urging stronger international cooperation, particularly with upstream countries on fair water-sharing agreements for the Tigris and Euphrates rivers.

President Rashid also used the platform to reaffirm Iraq’s principled foreign policy. He called for an immediate end to the suffering of Palestinians, condemning ongoing aggression in Gaza and other violations of sovereignty in the region. He renewed Iraq’s support for the establishment of an independent Palestinian state as the only path to lasting peace in the Middle East.

On regional stability, he rejected the use of Iraqi airspace for military operations and stressed the need to keep the Middle East free of weapons of mass destruction, while supporting the peaceful use of nuclear energy under international oversight. He also reiterated Iraq’s readiness to foster dialogue among regional powers and promote cooperation instead of conflict.

Concluding his speech, President Rashid declared: “Iraq’s message is clear: We are not asking for sympathy, but for partnership – a partnership to heal our land, secure our rivers, achieve our security, empower our youth, and unite our region rather than divide it.”  link

Mot:  Did you know this is an actual thing they do!

Mot:  ... Trust Me! - It's a Guy Thingy!! 

Ariel : Starting Wednesday off with a Bang

Ariel : Starting Wednesday off with a Bang

9-24-2025

Are We Starting Wednesday Off With A Bang?

Look, I’ve been following Iraq’s oil drama for a while, and it boils down to this: without a fresh exchange rate for the dinar, restarting those KRG exports just won’t stick. Here’s why, in plain terms it’s all about keeping the money machine running smooth without it breaking down.

Iraq’s got this massive $153 billion budget for 2025, but it’s locked until KRG oil brings in its share about 10-15% of total exports. A new rate makes revenue forecasts reliable, so they can finally release funds without guessing games. What makes sense to you?

Another thing to consider. Those exports will pour in dollars, but a stronger dinar rate lets the central bank convert and store them properly. Right now, reserves are around $100 billion, but volatility could eat that up fast without a solid rate to back it.

The street rate’s at 1,494 to the dollar while official’s 1,300 that’s a trust k****r. A reval lines them up, so buyers aren’t scared off and exports can actually flow without shady side deals.

These big players won’t sign off on more loans or trade perks without currency tweaks. No rate change means endless red tape, stalling the whole export restart. So why go through the trouble of meeting these requirements if they were going to use the current rate?

Companies like DNO are itching to pump more cash up to $27 billion in deals but they need a stable dinar to feel safe. A new rate screams “we’re serious,” pulling them in. So who are you betting on this this scenario people? Be real with yourselves.

Over 4.7 million folks are waiting on checks, plus back pay. Oil money needs a steady rate to stretch without inflation wiping it out mid-month.

Baghdad and Erbil fight over shares; a fixed rate settles disputes quick, so 230,000 barrels a day don’t get stuck in court forever. How long have we been waiting for them to resolve this specific issue? Now look where we are.

Buyers want a dinar they can swap anywhere on Forex. Reval gets it listed, turning SOMO’s “global exports” promise into reality, not just talk.

With deficits at 5% of GDP, a stronger rate keeps import prices down and oil bucks from leaking away, giving breathing room for growth.

A stable currency ups Iraq’s game in talks like WTO entry, locking in pipeline security and making sure exports aren’t just a short-term win. What else is there to say?

Zoom News:  The KRG Ministry of Natural Resources says it has fulfilled all obligations to resume Kurdistan Region oil exports with federal government, noting that all international and domestic companies but one have signed with no impact on the tripartite deal, and is awaiting the Federal Oil Ministry’s signature so SOMO can restart exports “as soon as possible.” – statement   LINK

So we wait to see what Baghdad will do from this point. Because with this being done we knowledge for a fact that stability in oil prices will bring that same balance in the exchange rate once they decide to release it.

They will have a solid foundation to work with which will help with equal distribution of the budget. So I am fine with whatever they decide to do from this point going forward.

The rate actually has more life in it now then it ever has since we invested. So who cares if they release it weeks from now? That still going to be money that you didn’t have to work for. And you will be set the rest of your life.

Source(s):   https://x.com/Prolotario1/status/1970805600851247505

https://dinarchronicles.com/2025/09/24/ariel-prolotario1-starting-wednesday-off-with-a-bang/

Iraq Economic News and Points To Ponder Wednesday Evening 9-23-25

Interior Intelligence: Currency Counterfeiting Crime Rates Drop By 90%

Time: 2025/09/24 09:16:39 Reading: 840 times  {Local: Al Furat News} The Ministry of Interior revealed a significant decline in the rates of currency counterfeiting crimes during the current year (2025), confirming that the percentage reached between (85 and 90) percent compared to previous years.

The director of the Ministry's Federal Intelligence and Investigation Agency, Brigadier General Ahmed Mohammed Obaid, said in a press statement that "this decline is due to a package of deterrent security and economic measures to combat this phenomenon in various governorates."

He pointed out that "counterfeiting currency is one of the most serious crimes affecting the national economy and citizens' confidence in the local currency."

He explained that "the most prominent of these measures include tightening judicial follow-ups, intensifying intelligence work, adopting electronic payments in state institutions, and reducing direct cash transactions," indicating that "these factors combined have contributed to undermining the activity of the gangs involved, arresting numerous counterfeiters, and confiscating quantities of counterfeit dinar and dollar currency."   LINK

Economist: The Central Bank Of Iraq's Gold Reserves Have Risen To 24 Trillion Dinars.

Wednesday, September 24, 2025, | Economics Number of reads: 301  Baghdad / NINA / Economic expert, Manar Al-Obaidi, announced today, Wednesday, that the gold reserves of the Central Bank of Iraq reached more than 24 trillion dinars, an annual increase of 13.3% and an increase of 135% compared to 2022.

Al-Obaidi said in a statement that the percentage of gold reserves in the Central Bank amounted to 20% of the total reserves of the Central Bank, which amounted to 123 trillion Iraqi dinars.

He explained that this value is considered a record and is the first time that Iraq has reached it since the establishment of the Central Bank of Iraq, as gold reserves did not exceed the barrier of 20 trillion dinars throughout the work of the Central Bank of Iraq, and for the first time the percentage of gold’s contribution to reserves exceeds the barrier of 20% of the total reserves.

He stressed that the arrival of gold reserves to this level enhances the strength and value of the Iraqi dinar, especially with the fluctuations in various global currencies, including the dollar. Therefore, the Central Bank of Iraq sought to increase the percentage of its gold reserves, which is considered a safety factor in light of international financial fluctuations. / End https://ninanews.com/Website/News/Details?key=1253445

Gold Hits Record High As Interest Rate Outlook Remains Uncertain

economy |  09/24/2025  Mawazine News - Follow-up  Gold prices stabilized on Wednesday, near an all-time high, recording $3,765.29 per ounce, after touching $3,790.82 yesterday.

This came as investors awaited remarks by Federal Reserve Chairman Jerome Powell and inflation data expected at the end of the week.

Powell confirmed that the central bank is balancing the risks of inflation and the weakness in the labor market without offering clear signals on interest rates.  In other metals, silver rose to $44.11, platinum to $1,484.36, and palladium to $1,231.85.   https://www.mawazin.net/Details.aspx?jimare=267319

Natural Resources In The Kurdistan Region: We Have Fulfilled Our Oil Commitments And Are Awaiting Baghdad's Signature.

Wednesday, September 24, 2025, | Economics Number of reads: 193  Baghdad / NINA / The Ministry of Natural Resources in the Kurdistan Region confirmed, on Wednesday, that it has fulfilled all its obligations related to exporting the region's oil with the federal Ministry of Oil, within the framework of the recommendations and decisions of the Council of Ministers.

The ministry said in a statement, "All local and foreign companies signed the tripartite agreement, with the exception of one foreign company that has not signed yet, which does not affect the tripartite agreement between our ministry, the companies and the federal Ministry of Oil," adding:

"We are awaiting the response of the federal Ministry of Oil to sign the agreement, so that the State Oil Marketing Organization (SOMO) can start exporting oil as soon as possible and implement the terms of the agreement." /End   https://ninanews.com/Website/News/Details?key=1253526

Supply Complications From Iraqi Kurdistan Send Oil Prices Soaring.

Energy   Oil prices rose more than 1% on Wednesday after an industry report showed a decline in US crude inventories last week, heightening concerns about tight market supply amid ongoing supply disruptions from Kurdistan, Venezuela, and Russia.

Brent crude futures rose 97 cents, or 1.4%, to $68.60 a barrel by 13:21 GMT, while US West Texas Intermediate crude rose 99 cents, or 1.6%, to $64.40.

Both benchmark crudes rose by more than $1 a barrel on Tuesday as negotiations to resume exports from the Kurdistan Region of Iraq stalled. This stalemate has kept pipeline supplies to Turkey at 230,000 barrels per day (bpd) halted since March 2023, after major producers demanded guarantees for debt repayment.

In the longer term, analysts expect a global supply glut and a slowdown in demand. In its latest monthly report, the International Energy Agency predicted that oil supply growth would accelerate this year, with the surplus potentially worsening by 2026.  https://economy-news.net/content.php?id=60347

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Seeds of Wisdom RV and Economics Updates Wednesday Evening 9-24-25

Good Evening Dinar Recaps,

Geopolitical Stakes: Dollar, Euro, or BRICS?

• The GENIUS Act in the U.S. provides the legal foundation for stablecoins, positioning them to export dollar dominance into the digital era.

• BRICS is piloting mBridge and digital ruble settlements, creating real-world trade platforms beyond Western control.

• Europe’s indecision risks turning the euro into a second-tier player in digital finance, squeezed between U.S. and BRICS leadership.

Why This Matters
The split is stark: the U.S. is embedding digital assets into global finance, while Europe remains stuck in process. The longer the EU waits, the harder it will be to compete against both Washington’s stablecoin-powered dollar strategy and BRICS’ sovereignty-driven payment networks.

By 2029, the global architecture of finance may already be reshaped—leaving Europe to play catch-up.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Sources: CoinTelegraph,  CoinTribune, CryptoNews

~~~~~~~~~

Brazil’s Central Bank Tightens Forex Rules, Crypto Exchanges in the Crosshairs

New oversight of forex platforms could spill over into crypto, reshaping cross-border money flows in Latin America.

Brazil’s Push for Stricter Oversight

• The Central Bank of Brazil (BCB) has unveiled proposals to tighten rules on electronic forex (eFX) platforms.

• Requirements include:

• Licensing for all operators

• Detailed client transaction reporting

• Strict on/off-ramps through approved financial channels

• A $10,000 cap per individual transfer

The framework is designed to bring transparency and limit risks but could have unintended consequences for digital assets.

Crypto Exchanges May Be Pulled In

• While not directly mentioned, crypto platforms offering cross-border transfers could be swept into this regulatory net.

• Exchanges may face:

• Licensing requirements similar to forex platforms

• Reporting obligations on all user transactions

• Enforcement of the $10,000 transfer cap

As one analyst noted, “Even overseas crypto exchanges may find their Brazilian users restricted by these rules.”

Impact on Brazil’s Crypto Traders

• Brazil is among Latin America’s most active crypto markets.

• These measures could:

• Slow large-scale transactions

• Complicate cross-border stablecoin transfers

• Shift innovation toward domestically approved platforms

The rules walk a fine line between oversight and innovation, suggesting regulators want control—without stifling adoption entirely.

Latin America’s Digital Asset Momentum

• Demand for digital assets is surging across the region, from stablecoins in Venezuela and Argentina to Brazil’s own experiments.

• Nubank is piloting a stablecoin-powered payments platform, showing that mainstream finance is already embracing blockchain.

• With Brazil as a regional leader, its approach to regulation will likely set the tone for Latin America’s crypto trajectory.

Why This Matters
Brazil’s tightening of forex rules highlights how traditional oversight is converging with digital finance. The move could limit cross-border flexibility but also push domestic players toward greater stability. For Latin America, Brazil’s path may become the blueprint for how governments manage the rise of stablecoins and crypto adoption under inflationary pressure.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Source: Coinpedia

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 BRICS Digital Payments: India’s UPI Meets Russia’s Digital Ruble

India’s push to extend UPI across BRICS intersects with Russia’s digital ruble rollout — together signaling a coordinated shift away from Western-controlled payment systems.

India’s UPI Expansion Plan

• Prime Minister Narendra Modi has invited BRICS members to adopt India’s Unified Payments Interface (UPI).

• Already active in the UAE, Nepal, Bhutan, Sri Lanka, Singapore, and Maldives, UPI is redefining digital payments, with 40–50% of transactions going online in some markets.

• If adopted by BRICS, UPI could streamline trade settlement and reduce reliance on Western banking systems.

Russia’s Digital Ruble Enters the Picture

• While India exports UPI, Russia is pushing its digital ruble, now piloted across banks and government channels.

• For BRICS trade, this means:

• Faster cross-border settlements

• Reduced exposure to U.S. sanctions and dollar clearing

• An integrated digital currency backbone inside the bloc

Together, UPI and the digital ruble form complementary pillars: one a retail payments interface, the other a sovereign digital currency.

China’s Parallel Strategy

• China is developing its own cross-border settlement network linked to the digital yuan.

• Like India and Russia, Beijing is positioning this as a shield against Western financial leverage.

• If combined, BRICS nations could build a multi-rail digital payment system, making sanctions harder to enforce and trade more independent of SWIFT.

The Bigger Picture: BRICS Reshaping Global Finance

• India’s UPI: consumer and trade payment efficiency

• Russia’s digital ruble: state-backed currency infrastructure

• China’s system: geopolitical alternative to U.S. dominance

This three-pronged push shows BRICS is not just experimenting — it’s constructing a parallel payments ecosystem.

Why This Matters
For decades, the U.S. dollar’s control over settlement systems gave Washington unmatched geopolitical leverage. With UPI, the digital ruble, and China’s parallel system, BRICS is writing the blueprint for financial sovereignty.

If successful, this architecture could mark the beginning of a post-dollar payments era.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive

Source: Watcher Guru and other articles published here previously

~~~~~~~~~

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CBI vs. the Iraqi People, Delay of the IQD Revaluation

CBI vs. the Iraqi People, Delay of the IQD Revaluation

Edu Matrix:   9-24-2025

For years, the Iraqi Dinar (IQD) has captivated a dedicated segment of investors, many of whom hold onto hopes of a significant revaluation.

But what’s the real story today, beyond the rumors and speculation? Sandy Ingram, in a recent insightful video from Edu Matrix, cuts through the noise to provide a crucial, grounded update on the current state of Iraqi Dinar investments.

Sandy masterfully sets the stage, reminding us of the historical backdrop. Prior to 2003, Saadam Hussein was no longer actively developing weapons of mass destruction, though he had tragically used such weapons earlier against his own people.

Post-invasion, Iraq underwent a redesign of its currency. These new, aesthetically pleasing banknotes soon found their way to the West, often via returning US military personnel and eager eBay sellers, sparking early investor interest.

Initial optimism soared, fueled by parallels drawn to Kuwait’s dramatic currency restoration after the Iraqi invasion. Many believed the IQD would follow a similar trajectory. However, as Sandy meticulously explains, that particular expectation was halted.

Investors holding onto hopes for an immediate jump to $1, $2, or even $3 per dinar are likely to be disappointed. The realistic projections, according to Sandy, sit firmly in the range of 10 to 50 cents per dinar.

Why the tempered outlook? The core reason is simple yet profound: Iraq has massively overprinted its currency. A sudden, significant revaluation now would quite simply bankrupt the nation due to the sheer volume of dinars currently in circulation.

Despite this, Iraq isn’t standing still. The nation is steadily, albeit slowly, working to meet international financial standards and integrate into global platforms like the IMF and World Bank.

This journey is complex, however, complicated by persistent internal security challenges and external geopolitical tensions, particularly with neighbors like Iran.

Sandy also reminds us of Iraq’s critical importance on the global stage. Without Iraq’s substantial oil production, gasoline prices worldwide would be substantially higher. Beyond oil, Iraq harbors ambitions to reclaim its historical stature and become a significant financial and historical power in its own right.

Perhaps one of the most significant, and often overlooked, hurdles to Iraq’s economic modernization is the profound mistrust many Iraqi citizens harbor towards their banking system. The traumatic experience of the 2003 invasion, which saw many personal savings wiped out, has ingrained a deep reluctance to deposit currency.

As a result, vast sums of dinars remain hidden in homes – often literally protected by firearms. This widespread “cash economy” makes it incredibly difficult for the Central Bank of Iraq (CBI) to pull excess banknotes from circulation and transition towards a modern digital currency system. This stalemate between the physical cash economy and digital banking platforms poses a significant challenge.

So, what does this all mean for investors? Sandy Ingram offers a reassuring, yet realistic, perspective: the Iraqi Dinar investment story is not over. Billions of dinars are held globally, including large amounts in the US and other countries, a testament to the enduring belief in Iraq’s potential. While the timing remains uncertain, Sandy believes these issues will eventually be resolved.

Sandy Ingram’s update provides a much-needed dose of reality, balancing historical context with current challenges and future hopes. For anyone invested in or considering the Iraqi Dinar, her insights are invaluable.

https://youtu.be/2EfRrN4Zxmg

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 9-24-25

Good Afternoon Dinar Recaps,

The SEC Wants to Accelerate Crypto Innovation with an Unprecedented Exemption

New leadership shifts the SEC from resistance to support, opening the door for U.S. dominance in digital assets.

From Gensler’s Clampdown to Atkins’ Acceleration

• Under Gary Gensler, the SEC treated most tokens as securities, applying a rigid Howey Test interpretation that choked innovation and drove startups overseas.

• Paul Atkins, SEC Chair since April 2025, breaks decisively with that era: “Very few tokens are securities; it depends on structure and distribution.”

• This regulatory reset represents a paradigm shift for the U.S. crypto industry.

By ending the presumption of hostility, Atkins signals that crypto is no longer a threat to be contained, but an innovation to be fostered.

The “Innovation Exemption” — A New Regulatory Path

• Atkins is preparing an “innovation exemption”—lighter oversight for crypto companies to test products in the U.S. without facing immediate legal burdens.

• Recent approval of the first U.S. multi-crypto ETP (covering BTC, ETH, XRP, SOL, ADA) marks a turning point, showing the SEC is now an enabler of tokenization, not a barrier.

• Project Crypto, launched July 2025, aims to adapt 1930s securities laws to digital assets, giving regulatory clarity that matches the 21st-century financial system.

This creates the foundation for U.S. leadership in tokenized finance, reversing the outflow of talent and capital.

Coordination With the CFTC and the GENIUS Act

• Atkins is also pushing to end the turf war between the SEC and CFTC: “We need to give certainty to the market… the American economy will benefit.”

• Harmonization means one regulatory framework instead of conflicting jurisdictions.

• The GENIUS Act’s recognition of stablecoins in U.S. law fits neatly into this vision, giving stablecoins—and by extension, tokenized assets—a legal anchor in the dollar system.

• Next milestone: Fall 2025 congressional vote on market structure reform, which would codify these changes into lasting law.

This is not just about digital assets—it’s about restructuring the financial markets to keep the dollar central in a tokenized economy.

Key Milestones in the SEC’s New Direction

• April 2025: Paul Atkins becomes SEC Chair.

• July 2025: Launch of Project Crypto.

• September 2025: First U.S. multi-crypto ETP approved.

• Fall 2025: Vote on market structure reform expected.

• GENIUS Act: Stablecoins formally recognized in U.S. law.

Democratizing Access to Finance

• Atkins also wants everyday savers to access investments previously reserved for institutions.

• By expanding 401(k) options into crypto and tokenized private markets, crypto regulation becomes a tool for financial mobility, not an elite playground.

Why This Matters
This shift shows that the U.S. has chosen a path of financial modernization. Crypto is no longer fringe—it is being woven into the architecture of U.S. markets. By embracing innovation, America is not just catching up with global tokenization trends, it is positioning the dollar to dominate them.

The SEC’s new strategy under Atkins aligns with the GENIUS Act and broader U.S. goals: to weaponize innovation, regulate stability, and maintain dollar supremacy in an era of financial restructuring.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Source: CoinTribune   

~~~~~~~~~

US CFTC Launches Stablecoin Collateral Plan for Derivatives Markets

Stablecoins move from shadow finance into the heart of U.S. market infrastructure.

CFTC’s Big Move: Stablecoins as Collateral

• The CFTC announced a plan to let stablecoins serve as tokenized collateral in derivatives markets, marking a historic turning point in financial market design.

• Acting Chair Caroline Pham called this the “killer app” to modernize markets, saying: “The public has spoken: tokenized markets are here, and they are the future.”

• This initiative builds on the President’s Working Group recommendations and the agency’s earlier crypto sprint.

By treating stablecoins as legitimate collateral, the CFTC is redefining the plumbing of U.S. financial markets.

Industry Heavyweights Back the Initiative

• Circle (USDC), Ripple, and Tether (USDT) praised the move, noting that tokenized collateral would lower costs, reduce risk, and unlock liquidity 24/7.

• Circle President Heath Tarbert emphasized that stablecoin collateral “unlocks liquidity across global markets.”

• Tether CEO Paolo Ardoino declared stablecoins a “core building block of modern finance”, citing their ability to enable faster settlement, deeper liquidity, and greater resilience.

• The Digital Chamber of Commerce reinforced that the U.S. will become “stronger, safer, and competitive” by embracing tokenized market infrastructure.

The private sector’s endorsement confirms this is not just a regulatory shift, but the market’s demand for tokenization made official.

The GENIUS Act’s Strategic Role

• The GENIUS Act, which legally recognized stablecoins, has become the defining foundation for stablecoin adoption in U.S. finance.

• By embedding stablecoins into regulatory law, the U.S. can integrate tokenized collateral into global derivatives markets without losing dollar primacy.

• This positions the dollar-backed stablecoins (USDC, USDT) as the anchors of tokenized liquidity, ensuring that U.S. markets remain the center of global trading.

This is the strategic counter to BRICS de-dollarization: the U.S. does not resist tokenization, it absorbs it into the dollar system.

Why This Matters
The CFTC’s recognition of stablecoins as collateral is a monumental step in global finance restructuring. By bringing nearly $300 billion in stablecoins directly into U.S. market infrastructure, regulators are doing more than modernizing—they are weaponizing tokenization to preserve dollar dominance.

The U.S. is signaling: if the world tokenizes, it will tokenize on the back of the dollar.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Source: CryptoNews

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Japan, US, and South Korea Unite to Strengthen Cybersecurity and AI

Trilateral cooperation targets North Korea’s cyber thefts, strengthens AI collaboration, and counters Russia–North Korea military ties.

Cybersecurity Becomes a Strategic Frontline

• Japan, the US, and South Korea are elevating their cooperation to fight North Korean cybercrime—especially crypto thefts funding Pyongyang’s weapons programs.

• The Lazarus Group alone stole billions in 2025, exploiting DeFi vulnerabilities, phishing scams, and supply chain attacks. These funds are redirected into nuclear and missile development, turning digital finance into a national security risk.

This demonstrates how financial systems and national security are inseparably linked. Cryptocurrencies, once viewed as niche, are now weapons of geopolitical conflict.

Economic Security and AI Innovation

• The ministers pledged to strengthen supply chain resilience for critical minerals and promote joint AI development.

• AI is positioned as both a tool of innovation and a line of defense for digital and physical infrastructure.

• Coordinated research and standard-setting among the three nations ensures they maintain a technological edge against adversaries.

This signals a broader shift: the AI race is no longer just commercial—it is geopolitical, reshaping alliances and economic strategy.

Countering Russia–North Korea Military Ties

• The trilateral reaffirmed opposition to the Russia–North Korea military partnership, which combines arms deals, cybercrime revenues, and nuclear brinkmanship.

• This alignment highlights how currency, technology, and security are converging in new ways—with cyberattacks funding missiles, and AI becoming a frontline defense.

National Cyber Strategies Converge

• United States: OFAC sanctions crypto mixers; FBI tracks stolen assets.

• South Korea: Stricter AML rules, AI-based transaction monitoring, cybersecurity training expansion.

• Japan: Agencies collaborate to regulate exchanges and share threat intelligence; joint exercises with allies expanding.

Together, these approaches build a layered defense network that treats cyber and financial resilience as two sides of the same coin.

Why This Matters
This trilateral meeting illustrates the new reality: global finance, cybersecurity, and national defense are no longer separate domains. North Korea’s ability to turn stolen crypto into missiles forces alliances to respond by merging economic, technological, and military strategies.

It’s not just about protecting banks or stopping hackers—it’s about defending the integrity of global finance itself. As AI and digital currencies rise, who controls these tools will shape security, trade, and power balances in the coming decade.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™ Exclusive
Source: BeInCrypto

~~~~~~~~~

U.S. Races Ahead While Europe Stalls on Digital Currency

SEC and CFTC forge ahead with crypto rules as EU delays digital euro until 2029.

America’s Crypto Acceleration

• Under new leadership, the SEC is embracing innovation, pushing an “innovation exemption” and approving multi-crypto ETPs.

• The CFTC is moving stablecoins into derivatives collateral, cementing them as part of U.S. financial infrastructure.

• Together, these moves mark a historic pivot from the Gensler era of suspicion to a regulatory environment that actively supports growth.

The U.S. is building a foundation where crypto innovation and market regulation align, giving it a clear first-mover advantage.

Europe’s Delay: Digital Euro Not Before 2029

• By contrast, the ECB admitted this week that the digital euro may not launch until mid-2029.

• Legislative bottlenecks in the European Parliament have slowed progress, with debates dragging on into 2026.

• Even with ministerial compromises, Europe remains years away from implementation—ceding ground to faster-moving powers.

This hesitation undermines Europe’s push for financial sovereignty, leaving its markets dependent on outside innovation.

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Seeds of Wisdom RV and Economics Updates Wednesday Morning 9-24-25

Good Morning Dinar Recaps,

Trump at the UN: Palestine, Gaza, and the Waning U.S. Grip

Trump’s UN speech on Palestine reveals more than a diplomatic split — it signals a weakening of U.S. leverage in both politics and global finance.

Trump Condemns Recognition of Palestine
At the UN, Trump blasted Western nations for recognizing a Palestinian state, framing it as a “reward for atrocities.” His rejection places Washington at odds with France, Britain, Canada, and others, intensifying U.S. isolation at the very moment multipolar blocs are rising.

Shifting Global Consensus
By siding unconditionally with Israel, Washington risks alienating partners whose support underpins NATO, G7 coordination, and dollar-denominated finance. This isolation is not just about politics — it erodes the cooperative backbone of U.S. monetary dominance.

Why This Matters
The Gaza war, UN recognition battles, and Trump’s stance all reveal a larger truth: the U.S. is losing consensus power — both diplomatically and financially — as rivals from BRICS to Europe test new alternatives.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Reuters

~~~~~~~~~

UN Report: Israel Seeks Permanent Gaza Control

New UN findings highlight Israeli policies designed for long-term control of Gaza and demographic shifts in the West Bank.

Key Points

• Report cites systematic destruction of Gaza infrastructure and intent to prevent Palestinian statehood.

• Findings frame Israel’s actions as permanent annexation, reshaping the region’s future.

• U.S. backing for Israel against global consensus further deepens its isolation.

Why This Matters
The humanitarian crisis doubles as a geopolitical cost center, forcing U.S. financial and diplomatic resources into an unsustainable defense of Israel.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Al Jazeera, Reuters

~~~~~~~~~

Trump’s Gaza Plan with Arab States

Trump pitched Arab-majority nations on deploying security forces and funding Gaza’s reconstruction.

Key Points

• Proposal aims to enable Israeli withdrawal while excluding Hamas.

• Success hinges on fragile Arab consensus — already fractured by rivalries.

• U.S. seeks to outsource cost and responsibility while retaining control.

Why This Matters
If Arab states resist or fragment, Washington’s influence erodes further, undermining U.S. credibility across the Middle East and weakening the petrodollar alignment.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™

Source: Axios, Modern Diplomacy   

~~~~~~~~~

Macron to Trump: No Gaza Peace, No Nobel Prize

French President Macron openly challenged Trump to end the Gaza war if he wants global recognition.

Key Points

• Macron tied Trump’s Nobel ambitions directly to peace in Gaza.

• Europe signals frustration with U.S. policy, calling for leverage of military aid to Israel.

• Highlights a widening U.S.–EU divide over Gaza and Middle East strategy.

Why This Matters
European dissent erodes Western unity — the same unity required to maintain the dollar-based system against BRICS-led alternatives.

This is not just politics — it’s global finance restructuring before our eyes.

@ Newshounds News™
Source: Modern Diplomacy, Reuters

~~~~~~~~~

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“Tidbits From TNT” Wednesday Morning 9-24-2025

TNT:

Tishwash:  Economist: The tripartite oil agreement is linked to 57 contracts with foreign companies. 

Economic expert Nabil al-Marsoumi confirmed on Tuesday the difficulty of evaluating the tripartite oil agreement, given that its details have not yet been published. He noted that the agreement is linked to 57 contracts with foreign companies operating in the Kurdistan Region.

In a statement monitored by Iraq Observer, Al-Marsoumi said, "Evaluating the agreement is difficult in the absence of details, but indications point to an imminent agreement between the three parties." He explained that "the problem is not only between Baghdad and Kurdistan, but also relates to foreign companies that have 57 contracts concluded with the region."

He added, "These companies are not among the largest global or American giants, but rather medium- and small-sized companies due to the small size of the oil fields in Kurdistan." He explained that "they all operate under production-sharing contracts, whereby the investor or company undertakes the spending and investment, and then begins to recover its dues when production reaches the commercial stage  link

Tishwash:  Iraq's gold reserves reach record high, strengthening the dinar. 

An economic expert revealed that Iraq's gold reserves have reached record levels, unprecedented for the Central Bank, in a clear indication of the country's strengthening financial strength.

Record growth in reserves

Economic expert Munir al-Obaidi said in a post on his social media page on Wednesday, September 24, 2025, that the Central Bank of Iraq's gold reserves exceeded 24 trillion dinars, a 13.3% annual increase and a 135% increase compared to 2022.

He added that gold reserves accounted for 20% of the total reserves, which amounted to 123 trillion Iraqi dinars. He noted that this figure represents a record high since the establishment of the Central Bank of Iraq, as gold reserves had previously not exceeded 20 trillion dinars, and its contribution to total reserves had never reached 20% before.

The impact of gold on the Iraqi economy

Al-Obaidi explained that reaching this level of gold reserves enhances the strength and value of the Iraqi dinar, especially in light of the global fluctuations witnessed by various currencies, including the dollar.

He pointed out that the Central Bank of Iraq is keen to increase the percentage of gold reserves because it represents a factor of safety and financial stability in the face of international economic fluctuations, and enhances the ability to confront any potential financial crises.

Conclusion

The rise in Iraq's gold reserves to record levels is a significant financial achievement that reflects the Central Bank's prudent reserve management policies, enhances confidence in the Iraqi dinar, and provides additional protection for the national economy from global market fluctuations.  link

************

Tishwash:  Banks expand, numbers jump 1,400%... 5.6 million cards outline Iraq's "financial revolution"

The Central Bank of Iraq's announcement that the number of domiciled employee cards has reached 5.6 million was not merely an administrative figure; it is a profound indication of the scale of the ongoing transformation of the Iraqi economy.

 Economic expert Nasser Al-Kinani interprets this shift as "a major strategic step toward transitioning to a digital economy and enhancing financial inclusion," emphasizing that the new approach aligns with the global trend toward reducing reliance on cash and the risks associated with counterfeiting, money laundering, and the difficulty of oversight.

Al-Kanani explains that adopting electronic payment systems opens a wider window for financial transparency, improves the efficiency of government collection and revenues, and reduces the size of the parallel economy, which for decades has been an obstacle to building a regulated economy. He adds that if Iraq makes good use of this phase, it will achieve a double leap: on the one hand, it will regulate the flow of funds, and on the other, it will expand the base of financial inclusion, providing the state and society with new opportunities for investment and savings.

But the challenge is no less important than the ambition. Al-Kanani points out that "the digital infrastructure and the ability to secure a secure and reliable payment network covering all cities and rural areas" remain the biggest obstacle.

The gap between the center and the periphery could threaten this project if it is not accompanied by a government effort to expand the internet network and ensure electricity stability, in addition to raising citizens' financial literacy and encouraging them to use electronic means.

 He therefore emphasizes the need for coordinated cooperation between the government, banks, and payment companies to provide practical solutions for all segments of society, from government employees to retirees and self-employed individuals.

To support Al-Kanani's claim, official government data reveals the magnitude of the leaps achieved over the past three years. The number of bank accounts rose to nearly 20 million, compared to only 8 million in 2022, a growth rate exceeding 150%. Bank cards of various types reached between 21 and 22 million, compared to 16 million three years ago, an increase of 38%. Infrastructure expanded at an unprecedented pace; the number of point-of-sale (POS) terminals rose to 62,000, up from less than 10,000 in 2022, and the number of ATMs jumped to 7,531, compared to only 2,223 three years ago.

These figures, which experts describe as a qualitative transformation, become even more evident when looking at total electronic payments, which reached 1.37 trillion dinars in May 2025, up from just 90 billion at the end of 2022, representing a growth rate of 1,400%. Financial inclusion also rose to approximately 40%, up from less than 10% in 2019, reflecting the entry of large segments of society into the formal financial system after decades of reliance on paper money.

Al-Kanani believes that when these indicators are coupled with ongoing government projects, such as the activation of the local card by the end of 2025, the launch of rapid payment, the adoption of unified electronic collection, and the localization of private sector salaries, Iraq will enter a "new phase that redefines the relationship between citizens and the state based on transparency and trust," provided that technical and legislative obstacles are addressed through a serious national plan accompanied by a comprehensive awareness campaign.

In conclusion, Al-Kanani outlines the scenario: Without capitalizing on this digital boom, the Iraqi economy will remain captive to the same risks that have hobbled it for decades. However, if it is seriously invested in, the July 2026 deadline set by the Central Bank could become a true turning point, launching Iraq toward a more disciplined, just, and globally integrated economy.  link

Mot: Soooooooo - When is YOUR - Favorite Time of Year???

Mot Timing - Seeee -- It's All bout Timing it is!!!! 

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-23-25

Cougar: US Bonds Are Outside The Political Game And Do Not Threaten The National Economy.

Time: 2025/09/23 18:48:56 Reading: 495 times  {Politics: Al Furat News} Jamal Kocher, a member of the Parliamentary Finance Committee, confirmed that US bonds do not pose any threat to the national economy, noting that they are considered by the US side in economic transactions and are not included in political calculations.

"Any country that holds US bonds is registered within the US economy's accounts," Kocher told Euphrates News. "Therefore, the United States does not seek to harm its economy through these bonds, but rather completely separates them from the political situation."

He explained that "this holding is considered part of the global economic system and is managed independently of political disputes or positions."

Kocher added, "The issue of US bonds in general does not affect the national or domestic economy, which sends a reassuring message about the absence of direct risks to Iraq in this regard."  LINK

Ministry Of Planning: Annual Inflation Rate Fell By 1% In August.

Buratha News Agency171 2025-09-23  The Ministry of Planning announced today, Tuesday, a decrease in annual inflation for the month of August by (1) percent, as the Ministry’s spokesman, Abdul Zahra Al-Hindawi, stated that “the Ministry recorded a slight increase in the inflation rate during the past month of August by (0.8%), compared to the month of July, which witnessed a decrease by (0.1%).”

He also explained that "the annual inflation rate for August 2025 decreased by (1%) compared to the same month of last year 2024," expecting "the rise in the monthly inflation rate to be due to an increase in the prices of three main sections, as the prices of food and non-alcoholic beverages increased by (1.7%), the housing section by (0.1%), and various goods and services by (0.6%)."

He added, "Four other departments saw their prices decline, while the prices of five departments remained stable at their July levels."   https://burathanews.com/arabic/economic/465522

The Minister Of Oil Discusses With The President Of The American University Scientific And Technical Fields That Serve The Development Of The Oil Industry.

Tuesday, September 23, 2025, | Economics Number of reads: 283  Baghdad / NINA / Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani discussed with the President of the American University in Baghdad, Brad Cook, the scientific and technical fields that serve the development of the oil industries.

A statement by the Ministry of Oil stated that Abdul-Ghani received, today, Tuesday, the President of the American University in Baghdad, Brad Cook, and a delegation from the university.

During the meeting, they discussed the scientific and technical fields, modern studies and research, and training, which serve the development of the oil industries.

The university delegation included, according to the statement, the Vice President of the University for Academic Affairs Zuhair Attia, the Director of Communication and Advisor to the President of the University for Public Affairs, Elisha Holland, the Executive Director of the Center of Excellence for Innovation and Training, Ziad Shaaban, the Executive Director of Government and University Relations, Mahmoud Hatem, and the Director of the Office of the President of the University, Tara Karim. / End
https://ninanews.com/Website/News/Details?key=1253291

Oil Prices Fall After Baghdad And Erbil Agree To Resume Exports.

Economy | 09/23/2025  Mawazine News - Follow-up  Oil prices fell for a fifth straight session on Tuesday after a preliminary agreement between Baghdad and Iraq's Kurdistan region to restart an oil pipeline increased concerns about oversupply.

Brent crude futures fell 42 cents, or 0.63%, to $66.15 a barrel by 0332 GMT, while U.S. West Texas Intermediate (WTI) crude fell 36 cents, or 0.58%, to $61.92 a barrel, according to Reuters.

Both contracts have posted losses for five straight sessions, falling about 4%.
"Oversupply concerns remain dominant, while the demand outlook remains uncertain as we approach the end of the year. The restart of the Kurdistan pipeline also weighed on prices," said Anh Pham, senior analyst at London Exchange Group.

Two oil officials told Reuters that the governments of Baghdad and Iraq's semi-autonomous region reached an agreement with oil companies to resume crude oil exports via Turkey on Monday.

This agreement will allow the resumption of exports of approximately 230,000 barrels per day from Iraqi Kurdistan, which had been halted since March 2023.

Overall, the global oil market is preparing for an increase in supply and a slowdown in demand, due to the rapid development of electric vehicles and economic problems caused by tariffs.

The International Energy Agency said in its latest monthly report that global oil supply will rise more rapidly this year, and the surplus could widen in 2026 with increased production from OPEC+ members and growing supply from producers outside it.

However, risks loom over the market as traders anticipate the European Union's consideration of tightening sanctions on Russian oil exports, in addition to any escalation of geopolitical tensions in the Middle East.

A preliminary Reuters poll on Monday predicted an increase in US crude oil inventories last week, while gasoline and distillate inventories were likely to decline.

Separately, figures from the Joint Organizations Data Initiative (JODI) released yesterday showed that Saudi Arabia's crude oil exports in July hit a four-month low.

Iraq, the second-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), has increased its oil exports under an OPEC+ agreement, the Iraqi Oil Marketing Organization (SOMO) reported.   https://www.mawazin.net/Details.aspx?jimare=267254

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com

Vietnam FREEZES 86 Million Accounts For Noncompliance With New Biometric Requirements

Banking purge: Vietnam FREEZES 86 Million Accounts For Noncompliance With New Biometric Requirements

By Ramon Tomey // Sep 21, 2025  HOME // CENTRAL BANKS

Vietnam is freezing or deleting 86 million bank accounts (nearly half of all accounts nationwide) for failing to comply with mandatory facial biometric scans, citing AI-driven fraud and money laundering as justification.

Transactions over 10 million dong ($379) now require facial verification, disproportionately impacting foreign residents and inactive account holders, with reports of people forced to fly back to Vietnam to avoid account termination.

Privacy advocates warn this sets a dangerous precedent for government financial control, with biometric data being irreplaceable if hacked, enabling permanent identity theft risks and potential misuse for surveillance and exclusion.

Similar to Cyprus' 2013 bail-ins and Nigeria's crypto bans, Vietnam's move reflects a global trend of governments weaponizing banking access to enforce compliance, with experts predicting more countries will follow.

Proponents argue this crackdown highlights the need for censorship-resistant money like Bitcoin, where users retain full control without reliance on banks or biometric mandates.

In a sweeping move that has alarmed privacy advocates and Bitcoin proponents alike, Vietnam has begun closing 86 million bank accounts that failed to comply with strict new facial biometric authentication mandates.

The State Bank of Vietnam (SBV) first announced the purge in July, with the closures taking effect this month. It cited rising fraud powered by artificial intelligence (AI) and money laundering as justification for the unprecedented financial lockdown.

Under the SBV's rules, facial scans are required for account verification and transactions exceeding 10 million Vietnamese dong ($379). This has left millions of citizens and expatriates scrambling to reclaim access to their own funds, though foreign residents and inactive account holders appear to be disproportionately impacted.

The move has left nearly half of the country's 200 million accounts now frozen or slated for deletion. Given this, critics warn this marks a dangerous escalation in government financial surveillance – one that could foreshadow similar crackdowns worldwide.

One Reddit user, a former contractor identified as "Yukzor," described being forced to fly back to Vietnam to prevent HSBC from shuttering his account. He called the requirement "crazy" in an era where digital solutions should suffice.

"They said they will close my account this month if I don't fly in and update the biometrics," Yukzor lamented, highlighting the draconian reality of centralized financial control. Bitcoin commentator Marty Bent echoed the sentiment, bluntly stating: "This is why we Bitcoin."

How Hanoi is accelerating financial surveillance

Historical precedent suggests Vietnam's actions are far from isolated. From Cyprus' 2013 bail-ins to Nigeria's abrupt cryptocurrency bans, governments have repeatedly weaponized banking access to enforce compliance. Bent noted it would be "naive to think Vietnam will be the last" – pointing to Lebanon, Turkey and Venezuela as cautionary tales where capital controls crippled financial autonomy. (Related: Vietnam becomes first country to enact comprehensive law regulating the digital technology industry.)

Brighteon.AI's Enoch also points out that "linking bank accounts to biometrics poses severe security risks, as compromised biometric data – unlike passwords – cannot be changed if hacked, leaving victims permanently vulnerable to identity theft and financial fraud. Additionally, centralized biometric databases like those proposed for digital IDs could be exploited by governments or corporations for surveillance, control and even exclusion from essential services based on compliance with mandates."

The SBV defended the policy as a necessary cleanup of dormant or fraudulent accounts, particularly after police busted an AI-driven laundering ring moving 1.03 trillion dong ($39 million) using spoofed facial scans. Yet critics like Bitcoin environmentalist Daniel Batten warn the rules grant the SBV "next-gen financial surveillance ability," eroding privacy under the guise of security.

While local crypto executives downplay the backlash, insisting most Vietnamese citizens remain unaffected, the policy's ripple effects are undeniable. Herbert Sim, chief marketing officer of the AI Creator Economy and Network, noted the challenges for foreigners: "The OTP [One-Time Password] and phone-bindings, needing in-person biometric verification are big hurdles."

For Bitcoin advocates, Vietnam's crackdown underscores the urgency of decentralized alternatives where no government can freeze funds or demand biometric tribute. As Bent put it: "Once you use Bitcoin as your bank and do it correctly, there is no need to worry about your country's government or central bank deciding on a whim to thrust biometric verification requirements on you."

The fallout from Vietnam's banking purge serves as a stark reminder. In an age of escalating digital control, the fight for financial sovereignty is just beginning.

Visit Surveillance.news for more similar stories.

Watch this video from World Alternative Media about the closure of 145 banks in a span of five weeks.

https://www.newstarget.com/2025-09-21-vietnam-freezes-bank-accounts-noncompliance-biometric-requirements.html