Seeds of Wisdom RV and Economic Updates Thursday Afternoon/Evening 8-22-24

Good afternoon/evening Dinar Recaps,

XRP Goes Global: Research Reveals Institutional Use Across All 7 Continents

Ripple is rapidly expanding its international footprint through global partnerships and focusing on expanding the use of the XRP Ledger.

Ripple is advancing in South America with its CBDC platform, collaborating with the Bank of Colombia and Brazil’s Fenasbac.

Blockchain startup Ripple has been making every possible effort lately to promote the adoption of its XRP Ledger and the use of XRP in the global financial markets.

Tokenicer, an enterprise blockchain researcher, recently stated that despite Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), the company has been swiftly expanding its global partnerships and services in different regions outside the United States. As reported by Crypto News Flash, Ripple has signed 1,700 agreements with global financial players to boost XRP use.

Although America-based firms have been hesitant to partner with Ripple amid legal considerations, companies overseas have been quite flexible in adopting the Ripple technology. The XRP Ledger facilitates instant cross-border settlements by using Ripple’s native XRP cryptocurrency for settlements. As per the CNF report, Ripple is further expanding the use of XRP Ledger by working on stablecoin integration backed by Gold and Silver, moving beyond the boundaries of fiat settlements on XRPL.

Ripple Eyes Big Opportunity in South America and Europe
Ripple is seeing major advancements in the South American market, particularly with the release of the central bank’s digital currency (CBDC) platform. Last year, Ripple launched its CBDC platform, making it easy for central banks worldwide to quickly launch their CBDC, where Ripple does all the infrastructure-heavy lifting. As a result, the Bank of Colombia has been testing its CBDC on the Ripple platform.

Furthermore, Ripple has joined hands with Brazil’s National Federation of Associations of Central Bank Servers (Fenasbac), which seeks to boost the country’s financial sector through advancements in tokenization, payments, and treasury management.

Europe is another region where Ripple’s influence is growing gradually. Earlier this year, Ripple partnered with Clear Junction to facilitate instant cross-border settlements between the UK and the European Union, per the CNF report.  This partnership, regulated by the Financial Conduct Authority (FCA), positions Ripple as a compliant and trustworthy European partner.

On the other hand, the Central Bank of Montenegro is also testing its CBDC on the Ripple platform, while Germany’s DZ bank integrated with Metaco, Ripple’s acquired digital asset custody firm.

Expanding into Asia and the Middle East for XRP Use
Ripple has always maintained a stronghold in the Asian and Middle East markets by working with partners such as SBI Holdings since 2016. This collaboration has led to key advancements for the blockchain startup, such as the use of XRP for cross-border remittances across Vietnam, the Philippines, and Indonesia. These countries are currently the fastest-growing remittance markets globally.

Furthermore, Ripple also secured an MPI license from the Monetary Authority of Singapore (MAS), which allows it to expand its services in the region. Ripple has also expanded its presence in the Middle East through its strong connections in Dubai. The company’s partnership with the Dubai International Financial Centre aims to advance blockchain adoption in the United Arab Emirates (UAE).

@ Newshounds News™

Source: Crypto News Flash

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India’s crypto future hinges on gov’t consultation paper

India’s Department of Economic Affairs’ consultation paper is expected to be a watershed moment for crypto regulation in the country, potentially setting the stage for future legislation.

India’s cryptocurrency landscape could be about to change as the Department of Economic Affairs (DEA) prepares a key consultation paper on cryptocurrency legislation.

According to local media, the paper, which is expected in September or October, will invite feedback from various stakeholders, with the government playing an active role in the direction of digital currencies in India.

India’s crypto conundrum
The paper, led by a panel chaired by the secretary of the DEA, represents a significant step in India’s ongoing effort to balance innovation and regulation in its rapidly evolving crypto sector.

The release comes at a time when global scrutiny of cryptocurrencies is intensifying, particularly in light of the G20 nations’ unified approach to regulation, as highlighted by Indian Finance Minister Nirmala Sitharaman at a meeting of the group of nations in October 2023.

India, which has already implemented a stringent tax regime on cryptocurrency transactions, has taken a cautious approach to regulation. The 30% tax on unrealized crypto gains and a 1% tax deducted at source implemented in April 2022 marked the government’s first major move toward imposing some control over the crypto market.

However, despite the measures, the Indian government has refrained from regulating the sale and purchase of cryptocurrencies, focusing instead on curbing crypto-related money laundering and terrorism financing.

DEA paper to address regulatory concerns
The DEA’s forthcoming paper is expected to address the broader concerns surrounding the regulation of crypto assets, including those raised by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI).

In May, SEBI suggested a multi-regulatory approach, wherein different aspects of cryptocurrency trading would be overseen by various financial authorities. This fragmented approach underscores the complexity of regulating a technology that crosses traditional financial boundaries and poses unique challenges.

On the other hand, the RBI has consistently warned of the macroeconomic risks posed by digital currencies. The central bank’s stance reflects deep concerns about the potential impact of cryptocurrencies on India’s economic stability.

This caution is mirrored in the government’s recent actions against offshore crypto platforms and digital asset service providers, including a high-profile ban on Binance, the world’s largest cryptocurrency exchange.

Despite this, Binance managed to reestablish its presence in India by registering with the Financial Intelligence Unit, even as it faces a hefty $86 million tax demand from Indian authorities.

@ Newshounds News™

Source:   CoinTelegraph

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ICMA updates repo agreement for digital assets

The International Capital Market Association (ICMA) has published a digital assets annex for its Global Master Repurchase (repo) Agreement (GMRA). The Annex follows work by ICMA and ISLA in the Digital Assets Legal Working Group, with Clifford Chance appointed as counsel.

Repo involves the sale of collateral, usually securities, with an agreement to buy them back at a future date for a slightly higher amount representing interest.

There are already two significant intraday repo solutions with a third in progress. JP Morgan has an intraday solution for its clients, and technology firm Broadridge has its Distributed Ledger Repo (DLR) solution that processes $1.5 trillion in transactions monthly.

In Europe, HQLAᵡ has been running a DLT based solution for collateral mobility for a few years. It recently conducted end-to-end repo tests with Fnality, the institutional settlement system where the settlement tokens are backed by cash held in a central bank account. The goal is to support intraday repo for trades on the Eurex Repo F7 system. Fnality is awaiting regulatory approval for its participation and hopes to launch later this year.

By including the ICMA digital assets annex, transactions can include digital cash and/or digital securities.

The digital assets Annex
The GMRA Annex specifies various terms, such as an “Asset-backed Digital Asset” that includes a tokenized traditional security or contractual claim on an underlying asset. Digital cash could be central bank digital currency, tokenized deposits, electronic money tokens or other cryptographically secured representations of a single fiat currency.

If we’re not mistaken, the agreement might also account for HQLAᵡ, where custodians effectively lock conventional assets and DLT is used to transfer ownership. We guessed this from the reference to a “Platform Transferred Security” which is a conventional security that’s capable of being transferred cryptographically.

Support for intraday transactions
Until recently, conventional repo transactions have been constrained by the settlement delays for securities transactions. One of the key innovations of combining DLT with repo is the ability to settle instantly, which enables intraday repo where the repurchase happens at a precise time.

The existing agreement did not account for settlement at specific times, hence the Annex includes wording to support this. Additionally, there are adjustments to interest calculations given they need to account for hours rather than days.

“We hope the Digital Assets Annex will assist the further growth of the market by presenting a common approach that firms can leverage for transactions referencing the relevant categories of digital asset,” said Michael Brown, partner at Clifford Chance.

@ Newshounds News™

Source:  Ledger Insights

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More News, Rumors and Opinions Thursday Afternoon 8-22-2024

BRICS might go dual currency and the US Dollar isn’t one of them

It’s a one-two punch. 

U.S. Treasury Secretary Janet Yellen issued a serious warning over the swelling $34 trillion U.S. debt just as China’s President Xi Jinping returned home after signing 12 contracts with European nations to strengthen their economic ties. 

Two facts are emerging:

The US dollar is becoming less and less valuable

Countries are starting to favor their own currency and strengthen their own economy

BRICS Plus have insisted that they will be using each other’s local currency but there is also the impending need to use one currency that will have a consistent value all the time across different nations. The US dollar is slowly losing its luster. Countries are realizing that supporting the USD means they are betraying their own currency and putting them at the mercy of the US.  

Gold is the only feasible and probable candidate as a global currency. Central banks have been buying gold at a record pace for the last several years, with many even remaining unreported.

BRICS Plus could go dual currency. Member nations would use a combination of their local currencies and gold. The first would be for buying goods and services on a daily basis and the second as a permanent asset that has residual value.

Dual currency is not a new concept. El Salvador made history when it adopted bitcoin as its official currency alongside the U.S. dollar in 2021 with mixed success, sparking debate whether other countries would follow suit though no major countries have yet.

However, gold and a local currency make more sense given that most countries already have both. Gold also has an innate value that Bitcoin doesn’t have. 

If things get any worse in the US, BRICS Plus could fast-track their plan and officially use gold. 

The current gold bull market could just be the beginning. Unfortunately, we won’t know just how far the BRICS Plus Nations are into the plan until it's too late. 

So, don’t wait. 

Before gold goes to $5,000 as predicted by many, invest now and enjoypossible gains. 

https://view.info.noblegoldinvestments.com/?qs=0b2a4c087a659430428513a3bc150f864c4b9ddc1ee8a187cd4a2f20720194c5c3047b28aa47affca1c0593c938d1c67cf5d92a1cb89c565c04d86574a5ebf005bd5e17c077c0b24d4f2b63e6ea3fb54

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Walkingstick   [Aki Iraqi bank friend who runs a bank in Michigan]   Question: "Have you heard the three zeros will coexist for ten year?"  Yes, we have heard about it but we did not hear the number 10.  We heard that it would be over a long period of time.  Duel pricing in the market would be controlled easier.  Also, it would give the CBI longer time frame to collect the citizens 3 zero notes.

Militia Man  They were definitely coming after Alaq.  Why?  Because their cash cow...is getting dried up and obviously they're getting squeezed.  You not only have people in Baghdad getting squeezed you got people in Kurdistan area are going to get squeezed as well because they are on the wrong side of the trade.  They have different agendas.

EXPECT GOLD TO HIT $8,000 AND SILVER TO HIT $800. AND THIS IS HOW IT WILL HAPPEN...

Greg Mannarino:  8-22-2024

https://www.youtube.com/watch?v=cvEzsScKZto

Global Gold Repatriation Surge - Why More Nations Are Bringing Gold Home, Why This Is Significant

Kitco News:  8-21-2024

More countries are choosing to repatriate their gold and bring it back to their own borders for storage, Andy Schectman, President and Owner of Miles Franklin Precious Metals, tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

Schectman adds that this trend is accelerating and breaks down why this is as important as central banks choosing to step up their gold purchases in the last few years. 

https://www.youtube.com/watch?v=bgL4N-Gac1Y

Bill Holter: Will We Ultimately See A Gold Revaluation?

Bill Holter: Will We Ultimately See A Gold Revaluation?

Arcadia Economics:  8-21-2024

In 2024 alone, we've seen the Philadelphia Federal Reserve publish a study on the effectiveness of a gold standard, confirmations that the BRICS are moving forward plans for a 40% gold-backed settlement currency, and a senator propose revaluing the Fed's gold certificates in order to fund a Strategic Bitcoin Reserve.

 Mean while the debts and deficits continue to grow with no end in sight, while the gold price has reached a new all-time high.

And with gold and silver investors wondering for years whether we might ultimately be headed towards a gold revaluation, Bill Holter joins me on the show to talk about what he expects.

Bill also explains why he continues to feel that the silver is the vulnerable spot in the market. And to find out why, click to watch the video now!

https://www.youtube.com/watch?v=idlrfDeaRxE

“Tidbits From TNT” Thursday 8-22-2024

TNT:

Tishwash:  Saudi Foreign Minister arrives in Baghdad on official visit

Saudi Foreign Minister Faisal bin Farhan arrived in the Iraqi capital, Baghdad, on Thursday, on an official visit.

According to what an informed source told Shafaq News Agency, Bin Farhan is scheduled to hold talks with senior Iraqi officials during the visit, to discuss bilateral relations between the two countries and the latest developments in the region.

The source stated that this visit comes within the framework of enhancing joint cooperation and discussing issues of common interest between the Kingdom of Saudi Arabia and Iraq, especially in light of regional developments that require coordination between the two countries to enhance stability and security in the region. link

Tishwash:  Aircraft Carrier Lincoln Arrives in Middle East with Naval Strike Force

The US military announced that the aircraft carrier USS Abraham Lincoln and its accompanying destroyers arrived in the Middle East after Defense Secretary Lloyd Austin ordered this naval strike group to accelerate its transfer to the region.

This brings to two, at least temporarily, the number of US aircraft carriers currently in the Middle East, where fears of a regional military escalation are growing.

Tensions have been rising in the Middle East since Israel assassinated Hezbollah military leader Fouad Shukr in an airstrike in Beirut's southern suburbs, and Hamas political bureau chief Ismail Haniyeh was killed in an assassination in Tehran, which Iran has accused the Hebrew state of being behind.

The Lincoln is supposed to replace the aircraft carrier USS Theodore Roosevelt.

On Wednesday, the US Central Command (CENTCOM) said in a statement that “the aircraft carrier USS Abraham Lincoln, equipped with F-35C and F/A-18 Block 3 fighters, has entered CENTCOM’s area of ​​responsibility.”

She added that Lincoln "is the lead ship in Carrier Strike Group 3, accompanied by Destroyer Flotilla (Deseron) 21 and Carrier Wing (CVW) 9."

The Pentagon announced on August 11 that Secretary of Defense Lloyd Austin had ordered the carrier Lincoln to "accelerate its transition" to the Middle East, after having ordered it to the region earlier in the month.

Fears of a major military escalation in the region have grown since Hezbollah and its ally Iran threatened to respond to the two assassinations that took place in the southern suburbs of Beirut and Tehran at the end of last July, just a few hours apart.  link

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Tishwash:  Iranian-American agreement to keep Iraq away from Middle East events

The Israeli newspaper, The Jerusalem Post, revealed on Wednesday that there is an Iranian-American agreement to keep Iraq away from the current conflict, noting that the Iraqi Prime Minister intervened to prevent the American response to the recent bombing of Ain al-Assad.

The newspaper said in a report, which was followed by Al-Mutalaa, that: “There is news circulating in intelligence circles about instructions reaching armed factions inside Iraq to stop attacks against American forces and their bases to prevent the country from sliding into open war,” indicating that: “The Iranian authorities decided to stop attacks against American bases in Iraq as a result of the escalation of tension to unprecedented levels and the increasing risk of Iraq turning into a war zone.”

She added that: "Prime Minister Mohammed Shia al-Sudani was able to convince the Americans not to respond to the recent targeting of Ain al-Assad base and to cancel any plans to target armed factions inside the country," stressing to the Americans that: "Iraq is committed to maintaining its security and preventing its lands from turning into a battlefield between the American and Iranian parties."

The newspaper pointed out that: "The Iranian instructions do not include any mention of the attacks carried out by the factions inside Iraq against Israeli targets, including the continuous bombing of the port of Eilat," explaining that: "The cessation of attacks is limited so far to American bases and interests only, according to its description."   link

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Tishwash:  Iraqi MPs launch campaign to collect signatures to summon Central Bank Governor to Parliament

A number of Iraqi parliament members launched a campaign to collect signatures with the aim of summoning the governor of the Central Bank, Ali Al-Alaq, to ​​the House of Representatives.

This step comes as part of attempts to determine the details of the Central Bank’s performance and raise the level of oversight over monetary policies and economic reforms.

This move reflects the parliament’s desire to follow up on the country’s financial and banking performance and ensure the achievement of the set economic goals.

On August 8, Hadi Al-Salami, a member of the Parliamentary Integrity Committee, revealed that his committee has been following up for more than a year on the file of terminating the assignment of the Central Bank Governor, Ali Al-Alaq, from his position.

Al-Salami stated that "there are many files and violations related to the Central Bank, which were referred to the Integrity Commission and the Public Prosecution," indicating that "these violations include issues related to the lack of control over the exchange rate in the market, in addition to millions of dollars and interest received by Arab and foreign banks, including Jordanian banks."

Jamal Koujar, a member of the Finance Committee of the Iraqi Council of Representatives, said in press statements monitored by (Al-Mada), that: "Seven or eight signatures were collected from within the Finance Committee of the Parliament, and the signatures of members of other parliamentary committees are now being collected to support the campaign.

Koujar added that "the issue of sanctions imposed on Iraqi banks and the issue of dealing with the dollar are not under the control of the governor of the Central Bank, but these representatives have different private interests."

He continued, "If the matter reaches the point of accountability, Ali Al-Alaq will resign from his position, and he has already submitted his resignation."  link

Mot: .... Soooo Exciting.... More Great Info frum da Net!!!! 

Mot .... Hmmmmmmmm - Same List!!!! 

“Coffee With MarkZ” Thursday Morning Chat 8-22-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Morning fellow RV’ers and welcome bank MarkZ!!!!

Member: Thanks to Zester for filling in…..he did an amazing job.

Member: Hope everyone is feeling good this morning. It could be a golden day!

Member: How are you feeling Mark?

MZ: My back feels like swiss cheese …Yesterday was a tough travel day but better than I thought it would be.

Member: Mark, did you bring the RV back with you?

Member: Mark do you think August is still in play??

Member: In Iraq- just how long is " in the coming days?"  lol

MZ: Lots of people preparing…but noone sitting around with cash in their pockets…yet. Lots of rumors of people being paid….

​​Member: I bet the bond people are ready to pull their hair out!!

Member: Tier4B was said to go only days after the bonds. Hope that still hold true!

Member: Mel in Australia says 48,000 Farm Claims have been paid with a 2.2 Billion fund?

MZ: I am real comfortable saying we have real measurable movement with farm claims. That should get you warm and fuzzy about the historic importance of this. This is from the original Pigford farm claims. I am sure you all have seen the article over the last few weeks that the  “Farmers who faced USDA discrimination received historic $2B payout” 

 https://www.agriculturedive.com/news/usda-black-minority-farmers-discrimination-payments/723051/

MZ: I have 2 other farm claim recipients who have checked in and they have also received “chunks” or their payout. Just not the full payout yet.

MZ: My understanding is Pigford farm claims first…than the original 14 claims….of which 2 people have checked in telling me they do have money…not everything but a “chunk” ….So for me it is well underway and happening. The question is when will the “rank and file” of the bond world get paid???

MZ: The bond market appears to be on hold right now. But still lots of expectations for this week. I hope it is accurate.

Member: We are running out of week right now.

Member: Mark—even when the bond people go, could they even tell you? I think we are just going to sit here and be surprised someday. No warning.

Member: what about the Iraq parliament reps that got caught changing budget numbers

MZ: IMO this may be part of the dog and pony show.

Member: Militiaman said another meeting in US with US Treasury at end of month, I think anytime after that time

Member: Hearing that on October 24,2024 will be a hearing on currency exchange.

Member: October 18th IRS proposed regulation to classify foreign currency held to a “Mark to Market” valuation? (ie. all currency will be taxed @ current value)

Member: Maybe Powell will bring down the market tomorrow at the Jackson Hole meeting

Member: Breaking right now in Australia Mark :) Chaos as thousands of Aussies are locked out of their bank accounts due to tech outage

MZ: “Macy’s and Target gives cautious sales forecasts suggesting consumer spending slowdown” We already know this…We are living it.

Member: I feel like the rv is on jack stands, shifting gears but going no where

​​Member: hearing things are very, very close

Member: I think there will be a financial shut down before they RV officially…but who knows”

Member: Thank you MarkZ, Mods, & all hopeful Patriots that are making positive changes that move us ever forward toward the RV

Member: Everyone have a wonderful day …and keep those thoughts positive.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=mZfXhcgFz9U

Seeds of Wisdom RV and Economic Updates Thursday Morning 8-22-24

Good morning Dinar Recaps,

DBS Bank pilots blockchain-based government grants

The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization.

Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants.

DBS Bank announced that in the pilot, it collaborated with Enterprise Singapore (ESG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore and the Singapore Fintech Association (SFA), which promotes financial technology in the country.

DBS Bank uses smart contracts to disburse government grants
During the pilot, the SFA disbursed government grants to 27 members. DBS said that its pilot showed how blockchain-based programmable grants can improve efficiency, enhance governance and allow businesses to have faster access to government grants.

With DBS’ permissioned blockchain, ESG and its intermediaries, like the SFA, can determine the conditions of the programs and govern grant disbursements. According to DBS, this includes disbursements to approved recipients upon fulfilling certain business conditions.

Once the conditions are fulfilled, smart contracts will verify that they are met. After this process, the grants will be disbursed automatically to the beneficiaries.

According to DBS, the solution enhances governance control and reduces the need for intermediaries to manually process cash handling. This allows businesses to receive their cash payouts from the government much faster.

Furthermore, the bank’s permissioned blockchain gives full visibility of the process, giving greater transparency to the organizations involved.

Permissioned blockchains are networks with an access control layer that allows participants only a pre-approved level of authority. Even though they use distributed ledger technology, these blockchains are only partially decentralized.

Results of MAS-led Project Orchid
DBS Bank also noted that the programmable grants pilot applies what the firm has learned from participating in Project Orchid, a digital currency initiative led by the Monetary Authority of Singapore (MAS). The initiative tests the benefits of tokenization with local stakeholders.

DBS Bank also previously collaborated with digital payment provider Ant International on a blockchain-based treasury and liquidity management solution. On Aug. 13, DBS launched its treasury tokens, which Ant will use for liquidity and treasury management. The tokens are within the bank’s Ethereum Virtual Machine (EVM) permissioned blockchain.

The solution was created using systems developed during the company’s participation in another MAS-led effort on digital currencies, Project Guardian.

@ Newshounds News™

Source:  CoinTelegraph

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Hong Kong’s crypto ambitions tested by licensing issues: report

Hong Kong’s crypto hub ambitions face hurdles as more than a dozen exchanges struggle to secure full licenses due to regulatory concerns.

Cryptocurrency exchanges in Hong Kong seem to be grappling with challenges in securing full licenses as the city pushes to become a crypto hub, per a Bloomberg report, which cites people familiar with the matter.

The city’s Securities and Futures Commission has reportedly identified unsatisfactory practices during on-site inspections of 11 “deemed-to-be-licensed” exchanges, raising doubts about their ability to meet full licensing requirements. The investigation revealed that some exchanges were overly reliant on a small number of executives to manage client asset custody, while others are not “properly guarding against cybercrime risks,” the report says.

The exchanges under scrutiny reportedly include big names such as Crypto.com and Bullish as well as local trading platforms like HKbitEX and PantherTrade.

So far, only two platforms — OSL and HashKey — hold full licenses in Hong Kong. While the SFC aims to issue additional licenses by the end of 2024. the process has already led to the withdrawal of 12 applications, including those from Bybit, Huobi HK, and OKX.

Hong Kong scrutinizes regulation for crypto exchanges
The SFC’s findings emerge as the regulator intensifies its efforts to enforce strict compliance among crypto platforms, with a particular focus on safeguarding client assets and enforcing robust know-your-client protocols.

This heightened scrutiny follows a scandal involving JPEX, an unlicensed crypto platform accused of defrauding over 2,600 victims of more than $200 million. The SFC previously reported that JPEX and crypto influencers had made false or misleading claims on social media, falsely suggesting that the exchange had applied for a virtual asset trading platform license in Hong Kong.

However, the regulator later highlighted that JPEX had not submitted any such application, despite its assertions of being a “licensed and recognized platform for facilitating the trading of digital assets and virtual currency.”

@ Newshounds News™

Source:   Crypto News

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Can Tether’s Dirham Stablecoin Drive Crypto Adoption in UAE?

Word in the crypto world has it that the UAE is set to launch a Dirham-pegged stablecoin in partnership with Tether. According to a press release shared by Tether today, the new stablecoin will be launched in partnership with UAE-based Phoenix Group PLC and Green Acorn Investments Ltd.

Paolo Ardoino Tetser’s CEO says, “Tether’s Dirham-pegged stablecoin is set to become an essential tool for businesses and individuals looking for a secure and efficient means of transacting in the United Arab Emirates Dirham whether for cross-border payments, trading, or simply diversifying one’s digital assets.”

Tether’s Dirham Stablecoim sets stage in UAE
Since Gary Gensler took over the US SEC, many crypto businesses have left the United States. The UAE took that opportunity to rebrand the nation as the next crypto global hub. Since the start of 2023, the UAE has taken steps to ease crypto use in the country, with many crypto execs like CZ moving to Dubai.

In 2023, financial regulators in the UAE reached an agreement to officially allow and support crypto trading in an economic-free zone in Dubai. After that, on October 19, Ras Al Khaimah ruler Sheikh Saud bin Saqr Al Qasimi launched the new RAK Digital Assets Oasis (RAK DAO), an economic free zone committed to helping companies working in digital and virtual assets, blockchain, Web3, and artificial intelligence (AI).

Also recently, the UAE’s Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) issued consultation paper No. 7 of 2024, which contains proposals to improve its regulatory framework to allow the ADGM to issue fiat-referenced tokens (FRTs) and invites public feedback and comments on the proposals.

According to the statement, FRTs are a type of stablecoin that is backed by high-quality, liquid assets denominated in the same currency as the FRT and may be liquidated quickly with minimum negative price impact.

FRTs are designed to be used as a form of payment and share some similarities with Stored Value. In other news, on August 16, the Dubai Court of First Instance approved crypto as a legal salary payment method.

Irina Heaver, a partner at UAE law company NeosLegal, noted that the verdict in case 1739 of 2024 marks a shift in the court’s approach, which earlier disallowed recognizing cryptocurrencies as valid salary payments due to their lack of precise valuation.

@ Newshounds News™

Source:  CryptoNewsz

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IOTA Plays a Key Role in Preventing Data Breaches and Improving Efficiency in IoT Vehicles

According to a research paper, the Directed Acyclic Graph (DAG) ledger of IOTA could be tailored to meet the Internet of Vehicles (IoV) needs for effective traceability, throughput, and security.

IOTA is reported to be able to identify attacks and could be a “major fabric” in offsetting the issues of security breaches in IoV.

Internet of Vehicles (IoV) – a network of connected autonomous vehicles that share data over the internet for secured and efficient means of transportation. Data breaches have threatened their growth in recent times. This is confirmed by a report by a non-profit organization, Consumer Watchdog, disclosing that most connected vehicles share similar vulnerabilities.

In the report titled “Kill Switch: Why Connected Cars Can Be Killing Machines And How To Turn Them Off,” researchers alleged that automakers reveal high risks of such breaches to investors while keeping them away from the public. This is evident in Ford’s disclosure in a 10K filing to the Securities Exchange Commission, citing that its suppliers have been victims of malicious attacks.

In another research report titled “Malicious Data Traceability and Throughput Optimization Using Blockchain (IOTA Smart Contracts) for Next Generation Internet of Vehicles,” it was stated emphatically that traditional centralized networks fail to contain these attacks due to their limitations in scalability, latency, and security.

Fascinatingly, the author, Malka N. Halgamuge, at the Department of Information Systems and Business Analytics, RMIT University, Australia, noted that the decentralized blockchain architecture could be the best alternative.

More on the Role of IOTA in IoV and Other Use Cases
Admitting that conventional blockchains also have limitations, the research suggested the need to develop an architecture based on the IOTA’s Directed Acyclic Graph (DAG) ledger. According to the study, this can be tailored to the IoV’s needs for advanced traceability, throughput, and security.

We propose an IOTA-based model using smart contracts for malicious data/user tracing and timing side channels for attack detection. We adaptively schedule data to optimize throughput based on traffic conditions. Our simulations compare throughput, latency, and attack detection across varied scenarios. Our results demonstrate that the architecture enables automated security via decentralized consensus, avoiding centralized failures.

The research paper explained further that smart contracts facilitate real-time threat tracing and mitigation. With that, IOTA’s ability to identify attacks through a low latency fluctuation is revealed in timing analysis. The research paper also mentions that resorting to IOTA’s innovation, smart contract, and integrating reputation systems would boost security, scalability, and efficiency compared to centralized and blockchain IoV networks.

This work advances IoV security by outlining a comprehensive blockchain solution leveraging IOTA’s unique capabilities. The decentralized mechanisms enhance traceability and trust while optimizing performance tailored to vehicular demands. This establishes a foundation for reliable and safe autonomous driving through innovations in distributed ledger technology.

As we previously reported, outside the framework of IoV, IOTA has also become an important part of music and film. It recently launched a solution prototype that is revolutionizing the industry by leveraging DLT to streamline intellectual property rights management.

At press time, IOTA was trading at $0.134 after surging by 0.55% in the last 24 hours. However, the price had declined by 21% in the 30 days and 41% in the last 90 days.

@ Newshounds News™

Source:  Crypto News Flash

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News, Rumors and Opinions Thursday AM 8-22-2024

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 Thurs. 22 Aug. 2024

Compiled Thurs. 22 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors/Opinions)

Wed. 21 Aug. 2024 TNT RayRen: “Get Ready, Get Ready, Get Ready! Congratulatory notices are going out to some SKR Holders telling them to look forward to fully funded accounts tonight into the morning. When they are fully funded, the rates should become fully public instantly in my opinion. If what they are telling me is true, some of you are going to go to bed wealthy.”

Wed. 21 Aug. 2024 Wolverine: “I told you today was going to be an exciting day. People I am close to, people I know received their notifications today.” (It is Thurs. 22 Aug. in Australia where Wolverine is).

Tues. 20 Aug. 2024: MILITARY INTEL! Global Strategic Impact: Starlink’s Military Applications, RVs & GESARA, and the Quantum Financial System – amg-news.com – American Media Group

Wed. 21 Aug. 2024 Ginger’s Liberty Lounge on Telegram: This RV is a Private Exchange, not a public one. The special exchange and/or redemption has special rates for currency – a Contract rate for a couple of currencies. One being the Iraqi Dinar, which is being given as a result of an Oil for Dinar agreement between Iraq and the countries that provided troops during the process to remove Saddam Hussein.  The purchase of oil in Dinar from Iraq will start as soon as the Revaluation starts.  The Pre-revaluation Dinar will be used to purchase the oil at the new revalued price.  For example, the current 25,000 Dinar note has a value against the US Dollar 1,460 dinar to 1 USD. The 25,000 notes we have are those notes. The 25,000 Dinar notes we hold will be exchanged by the US Treasury at a high rate because they in turn will be used to purchase oil from Iraq after revaluation at face value as if they were the new notes.  That means that a 25,000 Dinar note can currently buy about $17.00 worth of oil, however after revaluation that same note can buy around $93,000 worth of oil. The Contract rate and the lower International rate are given to us in the Private exchange as a payment for what the US spent in that war. Vietnam holds a very high amount of Dinar and China has put their weight behind the Dongs revalue rate so that they can get the Dong after we exchange it, and the swap it for the Dinar that Vietnam has in order for them to buy oil with those old notes.

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Wed. 21 Aug. 2024 RV/GCR, Mr. Pool on Telegram

Deep State Simpsons “predicted” there will be no Internet for a while.

Banking Crisis, Bank Runs: Wells Fargo, Bank of America Ratings Downgraded; Banks Close 100 branches last week; Personal Accounts being closed, or monies withheld without reason

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Global Financial Crisis:

Wed. 21 Aug. 2024 Over 50 Countries Ready to Accept BRICS Payment System & Ditch SWIFT: https://watcher.guru/news/more-than-50-countries-could-accept-brics-payment-system

Wed. 21 Aug. 2024: Breaking Alert: Protocol 19 Triggers Black Swan Event – NESARA and GESARA – Revolution – Trust the Plan! – amg-news.com – American Media Group

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Wed. 21 Aug. 2024 NESARA/GESARA, (JFK Jr.) on Telegram

NESARA (National Economic Security and Recovery Act) and GESARA (Global Economic Security and Recovery Act) are two proposals for economic reform that have been circulating on the internet for quite some time.

The main goal of these proposals is to make the world a better place by introducing a bunch of changes to the way we handle money. Some of these changes include:

Eliminating debt: Imagine waking up one day and finding out that all your student loans, credit card debt, and mortgage have vanished into thin air. Sounds like a dream, right? Well, that’s what NESARA and GESARA are proposing.

Introducing a new currency: Say goodbye to the good old US dollar and hello to a shiny new currency backed by gold, silver, or some other precious metal. This would make the value of money more stable and less prone to inflation.

Revamping the tax system: No more complicated tax forms or surprise tax bills! NESARA and GESARA want to simplify the tax system and make it more transparent, so you can finally understand what’s going on with your hard-earned cash.

Helping the little guy: These proposals aim to support small businesses and individuals by giving them access to low-interest loans and other financial assistance 

Read full post here:  https://dinarchronicles.com/2024/08/22/restored-republic-via-a-gcr-update-as-of-august-22-2024/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man Why would somebody bring out an article "Is it time to remove the zeros?"  Because we already know they're going to do something like that...Alaq said the project still exists...Alaq has talked about creating value and so has Al Sudani.  Sudani has stated more than once that the dinar is stronger the dollar.  Why would he lie about that?  He might know things about that that you and I don't know...Where we're headed, that is probably a true statement and he's probably not going to be considered a liar.  He's probably going to come out in history as one heck of a prime minister.

Frank26   [Iraq boots-on-the-ground report]    FIREFLY:
Mr Sammy [his Iraqi bank friend] was explaining how our three zero notes will coexist for 10 years after they drop the three zeros...This is not a LOP...We don't have inflation like other neighboring countries around us that have to lop.  We can delete zeros and introduce...the lower notes because of the value that is being added.  That's purchasing power.  FRANK:  That's always been the plan...I can't believe they're going to vie you these 10 years that Dr. Shabibi wanted.  That's incredible...Wow!

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The CBI Makes Economic Roadmap Document Public

Edu Matrix:  8-21-2024

The Central Bank of Iraq makes the Economic Roadmap Document Public. We must translate the entire document to find out what it says. This video shares the basic information.

https://www.youtube.com/watch?v=EEbhDwUR_ag

MilitiaMan: IQD Update - Iraqi Dinar News - FED Court Reject Appeal - WTO - Purchase Power of Dinar - Stability

IQD Update - Iraqi Dinar News - FED Court Reject Appeal - WTO - Purchase Power of Dinar - Stability

MilitiaMan:  8-21-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=akVenrvy5UY

Iraq Economic News and Points To Ponder Late Wednesday Evening 8-21-24

Saleh Explains The Reason For The Rise In Foreign Dollar Remittances And Its Impact On The National Economy

2024/08/21 Read: 2,925 times  {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the reason for the increase in sales of foreign currency remittances {dollars}.

Saleh told Al Furat News Agency, "The phenomenon of increasing sales of foreign currency transfers is due to the results of the important change that occurred in the policy of the Central Bank of Iraq in dealing with foreign transfers and intervening in the monetary market through the transformation of the mechanisms for financing foreign trade for the private sector from the compliance platform to new mechanisms represented by strengthening the accounts of correspondents of Iraqi banks abroad in foreign currency at studied and sufficient levels that are consistent with the requirements for financing foreign trade for the private sector in foreign currency."

He added, "After the compliance platform had previously rejected nearly 85% of foreign transfer requests during the past months, the policy of strengthening the accounts of Iraqi banks with their correspondents from solid international banks, as an alternative policy, has become so easy, simple and flexible that it has made the implementation of daily foreign transfer requests available and achieved through foreign correspondent banks directly without going through the platform, at a high rate of nearly 85% of the total demand for these daily foreign transfers."

Saleh explained that "this high change in the flexibility of transfers has been reflected positively on the national economy, especially in the stability of the functions of supply and demand within the national economy in two directions, the first of which is {the supply side} and is represented by the availability of a wide supply of goods and services in the local market through flexible imports financed by the fixed official exchange rate of 1320 dinars per dollar."

He explained that "the other direction is {the demand side}, which refers to the process of exchanging the Iraqi dinar for the dollar for the purposes of financing foreign trade through the transfers mentioned above, which means that meeting the demand for the dollar represents a direct meeting of the demand for (foreign goods, services and benefits) for the benefit of the local market."

He pointed out that "meeting the demand for foreign currency represents an important pillar of the monetary policy of the Central Bank of Iraq, and achieving its operational objectives in confronting the levels of local liquidity surplus from the dinar and controlling them, which constitute what is called {surplus demand}, as this control over local liquidity represents a positive intervention by the Central Bank's monetary policy in the money market and controlling the levels of that liquidity."

Saleh continued, "This control leaves positive effects in achieving a balance between the real flow in the overall economy of goods, services and benefits and the monetary flow within the economy itself," indicating that "such a balance between supply and demand achieves stability in the general level of prices and welds growth levels in inflation rates, which is positively reflected in the stability of the purchasing power of the dinar and the general monetary income."  LINK

Nearly $300 Million In Sales From The Central Bank Of Iraq At Today's Auction

2024/08/21 Read: 728 times   {Economic: Al Furat News} The Central Bank of Iraq’s dollar sales, on Wednesday, amounted to more than $283 million in the currency auction.

The bank sold in its auction today 283 million, 616 thousand, and 416 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to boost balances abroad in the form of transfers and credits, which amounted to $268 million, 66 thousand, and 416, an increase of 94% over cash sales of $15 million, 550 thousand.

The number of banks that purchased cash dollars was two, while the number of banks that met requests to enhance balances abroad was 17 banks, and the total number of exchange companies participating in the auction was 13 companies   LINK

Al-Mandlawi: The Budget Tables Voted On By The House Of Representatives Are The Same As Those Sent By The Council Of Ministers

Wednesday 21 August 2024 19:50 | Politics Number of readings: 227

Baghdad/ NINA / Acting Speaker of the Council of Representatives Mohsen Al-Mandalawi confirmed that the budget law tables that were approved by the Council of Representatives in its approval session are the same ones that the Council of Ministers sent to the Council of Representatives without any amendment, and that the aforementioned tables are the same ones that were sent to the government after approval, noting that the Council Presidency has formed a higher committee to examine the circumstances raised regarding the subject and determine its truth.

Al-Mandlawi said in a statement today, Wednesday, regarding what was recently raised by some media outlets regarding the existence of additions to the budget tables for the year 2024, that the House of Representatives, in its session numbered (27) held on June 3, 2024, approved the estimates of the tables of the Federal General Budget Law for the year 2024 and its attachments, tables (A, B, C, D, E, F) and the deficit financing table as received from the Council of Ministers without any amendment or additions, with the latter being authorized to transfer allocations of an amount of (2) trillion Iraqi dinars to the governorates not organized in a region and distributed according to population and poverty rates, and this is confirmed by our parliamentary decision No. (64) for the year 2024, a copy of which is attached.

He added that in order to confirm that no amended version was adopted, we reissued a letter from the House of Representatives / Office of the President No. (616) on 7/21/2024, a copy of which is attached, and sent to the Council of Ministers / Office of the President, which clearly indicated (approval of the estimates of the budget law tables and its attachments from the above-mentioned tables with the aforementioned deficit financing table as well as the right to transfer with the same proven amount, which is (2) trillion, referring to a paragraph included in the same book that clearly confirms (that the parliamentary decision included the adoption of the tables sent by the Council of Ministers, which were approved in the session held without any additions).

Al-Mandlawi confirmed his follow-up to all inaccurate talks published and broadcast by some media outlets, and any party that tries to mislead public opinion by concealing the facts and dishonestly transmitting the facts, to achieve illegitimate goals far from the honesty of neutral transmission and objectivity that it should possess, will be subject to legal accountability. / End 5

https://ninanews.com/Website/News/Details?key=1149054

Commerce Holds Virtual Meeting With WTO To Discuss Ways Of Cooperation And Joint Coordination

Wednesday 21 August 2024 09:51 | Economic Number of readings: 232   Baghdad / NINA / The Department of Economic Relations at the Ministry of Trade held a virtual meeting with the Secretariat and the Accession Department of the World Trade Organization, in the presence of the competent employee from (the Ministry's Permanent Representative) in Geneva to discuss prospects for cooperation and joint coordination in light of the outcomes of the third working group meeting held last July in Geneva, and to complete the requirements for Iraq's accession to the World Organization.

The ministry stated in a statement that "the meeting witnessed a discussion of the work plan for the next stage, which includes updating technical files, such as the legislative plan file, the memorandum of the foreign trade system, and the agricultural file, as well as discussing the files of accession of goods and services to the Iraqi market in accordance with the standards and agreements of the World Trade Organization."

The statement indicated that "the meeting shed light on the mechanism of coordination and cooperation between the Department of Foreign Economic Relations and the World Trade Organization, in addition to international organizations supporting Iraq's accession."

He explained: "This cooperation aims to provide the necessary support and technical assistance to complete the requirements for accession, Iraq's full membership in the organization, and the efforts of the Ministry of Trade to enhance Iraq's position at the international and economic levels." / End 11 https://ninanews.com/Website/News/Details?key=1148935

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

Seeds of Wisdom RV and Economic Updates Wednesday Evening 8-21-24

Good Evening Dinar Recaps,

El Salvador launches Bitcoin training for 80,000 public servants

Over the years, El Salvador has stepped up efforts to integrate Bitcoin into its educational system.

El Salvador’s National Bitcoin Office (ONBTC) has launched a Bitcoin training and certification program for 80,000 public servants.

In an Aug. 20 statement, ONBTC confirmed that Bitcoin education is now a vital component of a governance initiative designed for public sector employees.

 This program is part of the Higher School of Innovation in Public Administration (ESIAP), established by President Nayib Bukele in 2021 to elevate governance standards.

The program features nine training modules covering Bitcoin, Blockchain, Cybersecurity, and Artificial Intelligence, among others. Upon completion, participants will receive certification in these areas.

Stacy Herbert, Director of the Bitcoin Office, hinted at a larger announcement on the horizon, noting that this program is just the beginning. She added:

“These education projects are very low time preference commitments to the long term success of El Salvador and its bitcoin (& tech) policy.”

Meanwhile, these trainings are part of El Salvador’s broader effort to advance Bitcoin education nationwide. Since adopting Bitcoin as a legal tender in 2021, the country has introduced three other crypto-focused educational initiatives, including Cuboplus, My First Bitcoin, and Node Nation, which are now part of the public school curriculum.

El Salvador Bitcoin

This move confirms that El Salvador remains steadfast in its Bitcoin strategy despite initially drawing criticism and doubt from international observers.

Indeed, the strategy appears to be finally paying off, as the International Monetary Fund (IMF) recently acknowledged that its anticipated risks of El Salvador adopting Bitcoin as a legal tender have not materialized.

Further, El Salvador’s Bitcoin holdings have yielded a profit of over 35%, largely due to strategic acquisitions made during market downturns. According to Nayibtracker data, the country currently holds 5,848 Bitcoin at an unrealized profit of more than $47 million.

In addition, President Bukele recently announced a $1.6 billion investment by Turkish firm Yilport Holdings to upgrade two ports in the country, one of which will host the proposed Bitcoin City. 

The city, envisioned during the 2021 Bitcoin adoption, is expected to be a tax haven powered by geothermal energy for Bitcoin mining and will attract crypto enthusiasts worldwide.

@ Newshounds News™

Read more:  CryptoSlate

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Crypto Payment Network for AI Agents Launched by Former Ripple Execs

The company, Skyfire, raised $8.5 million to help AI get things done, even when it involves paying for something.

AI systems can do many things: conjure images and videos, write treatises, synthesize terabytes of information, and even replicate human speech patterns and emulate emotions.

But one thing they cannot yet do, as simple as it sounds, is pay for anything.

Two former Ripple developers now seek to eliminate that barrier by fusing blockchain payments with AI to bring forth what they believe will soon emerge as a new chapter for both technologies.

Their novel service, an open-source payment system called Skyfire, will allow autonomous AI agents to zip around the internet, purchasing whatever goods they need to complete assigned missions—everything from data storage and creative assets to airfare and groceries. All such transactions will be powered by USDC, the popular stablecoin.

The company, which today announced an $8.5 million seed raise, is backed by crypto heavy hitters, including Circle—the issuer of USDC—Ripple, Gemini, and the VC firm of prominent Silicon Valley billionaire and Bitcoin advocate Tim Draper. Skyfire currently runs on Polygon, the Ethereum scaling network, but it says it plans to expand to additional blockchains soon.

@ Newshounds News™

Read more:  Decrypt

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Swiss Banks Embrace Instant Payments: Could XRP Become the Go-To Crypto?

▪️Switzerland has taken a step further in embracing crypto with the recent expansion of the instant payment scheme as other banks integrate XRP into their trading platforms.

▪️According to reports, 28% of banks in Switzerland allow or are planning to allow customers to invest in crypto.

According to an announcement by the Swiss National Bank (SNB) and financial infrastructure operator SIX Interbank Clearing Ltd, Switzerland has reached an advanced phase in its effort to leverage the power of instant payment schemes to go cashless.

In the SNB report reviewed by Crypto News Flash, about 60 financial institutions within the country currently can process and receive payment instantly (within 10 seconds). Interestingly, this makes up about 95% of the Swiss retail payment transactions.

The report further discloses that the first institution has launched its retail offering with several others expected to join in the coming months. With this, experts believe that the financial economy could be boosted since private individuals and companies could perform account-to-account transactions around the clock.

This offers significant advantages for individuals, companies and commercial banks. Thanks to shorter settlement chains, risks are reduced and funds received are available immediately. For companies and commercial banks, instant payments expand opportunities for automating processes and linking with other services.

Commenting on this, SNB and SIX disclosed that instant payment could be widely established in Switzerland in the medium term and could be a model for future related innovations.

The technical framework for this new type of payment was put in place with the successful go-live of the new generation of the central Swiss payment system in November 2023.

This market launch represents a further important milestone and reflects the collective stakeholder commitment to the future of cashless payments in Switzerland.

Could XRP be Considered for this Innovation

With the country expected to fully redefine its financial system with the perfect establishment of an instant payment scheme, experts believe that XRP could be integrated in the future.

Fortunately, this possibility is not far-fetched as a Swiss bank fully owned by the government, PostFinance, recently announced the addition of Solana (SOL) and Ripple (XRP) to its trading platform.

According to reports, XRP could get more integration in the future, with 28% of Swiss banks currently allowing clients or planning to enable them to invest in crypto. In addition to PostFinance, the cantonal banks of Zug, St Gallen, and Lucerne have all introduced their crypto offerings.

PostFinance’s history in the crypto industry could be traced beyond 2023, when it partnered with Sygnum Bank to regulate crypto services. The basis of the collaboration was to allow customers to buy, sell, and store cryptos like Bitcoin (BTC), Ethereum (ETH), and now XRP.

Last year, we reported that Swiss banking giant BBVA had expanded its partnership with Ripple-owned Metaco to enable a robust engagement in crypto. 

Priding itself as the first tier 1 bank in the Eurozone to combine crypto custodial and trading services alongside traditional assets, BBVA is expected to lead the way for full XRP integration.

Currently, XRP is being set up to lead the new global financial era, which is marked by its recent integration with MasterCard, while Ripple is working to boost Real-World Asset (RWA) tokenization worldwide.

At press time, XRP traded at $0.59 after declining by 0.12% in the last 24 hours.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble
Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

FRANK26…..8-21-24…….WHITE

KTFA

Wednesday Night Conference Call

FRANK26…..8-21-24…….WHITE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=6bSwrMo9r8A