Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 11-19-24

Good Afternoon Dinar Recaps,

STABLECOIN ISSUER PAXOS TO ACQUIRE FINLAND’S MEMBRANE FINANCE FOR EU ACCESS

Today stablecoin issuer Paxos said it acquired Finnish e-money institution Membrane Finance, the issuer of EURe. The deal gives Paxos a licensed e-money institution (EMI) enabling access to all EU states, subject to regulatory approval.

Paxos and its affiliates are already regulated in New York, Abu Dhabi and Singapore. Under Europe’s MiCA regulations crypto legislation, registration in one state is passported to all other member states.

Paxos is the issuer of the PayPal stablecoin (PYUSD) and its own Paxos dollar (USDP). Its UAE affiliate has issued a yield bearing stablecoin. And in Singapore it recently launched the Global Dollar Network, which will share interest revenues on the USDG stablecoin with distribution partners.

“Stablecoins offer a global solution to challenges that countless people and companies feel when it comes to money movement and payments. Stablecoins are becoming increasingly more prevalent throughout the market as more use cases emerge for everyday users, “ said Walter Hessert, Head of Strategy at Paxos. “With Membrane, we expect to extend our reach to EU customers looking to benefit from stablecoins.”

Stablecoins in the EU
In terms of other stablecoin players, Circle historically had a strong presence in Europe (Ireland). It chose France as its base for MiCAR, directly registering as an EMI.

MiCA regulations require a high proportion of reserves to be held at banks – 30% for smaller stablecoins and 60% for significant ones. Tether claims this is the reason it has not registered in the EU. However, so far it has chosen to remain offshore, avoiding jurisdictions that require it to be regulated. A large part of Tether’s stablecoin balance is on TRON, a blockchain that’s popular in Africa.

Meanwhile, MiCAR also has some quite complicated rules limiting the scale of foreign currency stablecoins in the EU. However, this is widely misunderstood, so we previously provided a deep dive on the topic.

Bank issued stablecoins are also explored as part of our Research report on tokenized deposits and DLT payments.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

JOHN DEATON EMPHASIZES NEED FOR MODERNISED REGULATORY FRAMEWORK, CRITICIZES SEC OVER OUTDATED LAWS

In a latest X post, the pro-XRP lawyer, John Deaton has expressed concerns over the outdated regulatory framework applied by the US SEC in response to Michael Saylor’s interview. He shared that the SEC should be focused on ‘fraud, pump and dump schemes and the bad guys.’

The Need For Modernised Regulatory Framework
He pointed out that we are essentially applying 1933 disclosure laws in 2024 to modern-day technologies like AI, Robotics, Automation, and Blockchain and that the existing disclosure laws were meant to reduce the asymmetries between those offering investments and those acquiring investments. 

He stressed that this was during a time when technologies like the internet did not exist. He asserted that the SEC should focus on clear and straightforward principles to guide the industry.

“People like Gary Gensler, Jay Clayton, and Bob Stebbins prefer the law and rules of the road to be vague. WE NEED REFORMERS AS REGULATORS LIKE Brian Brooks and Brad Bondi,” he noted.

Deaton’s remarks highlight the need for a modernized framework that accommodates emerging technologies.

Deaton’s ‘Dream Team’
Amidst the speculations of the current SEC Chair Gary Gensler’s resignation, Deaton has endorsed Brad Bondi as a suitable replacement. Deaton noted that Bondi represents a more balanced and progressive approach to regulatory oversight and voiced skepticism over other contenders, such as Bob Stebbins.

The US Treasury Secretary and the SEC Chairman are the two most important remaining positions to be filled. Deaton emphasized that these two selections must be compatible and complement each other to truly implement the America First Agenda envisioned by President Trump.

Elon Musk had recently suggested that Howard Lutnick might be the right choice for Treasury secretary but had also suggested others to provide input on who President Trump should select to be America’s next Treasury secretary.
Deaton expressed his views by stating:

“The Dream Team that would foster innovation in America, securing its place as the number one market in the world, causing an economic explosion in our capital, crypto, and IPO markets, while bolstering demand for the USD and ensuring its dominance around the world, while, at the same time, shaking things up and reforming the agencies is Brian Brooks as Treasury Secretary and Brad Bondi as SECGov Chairman.”

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

🌱 FEDERALIST TO SILVER AND VOTING  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV 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

Economist’s “News and Views” 11-19-2024

US Bitcoin Reserve to Kick Off Q1 2025? What It Means for Price & Global Markets | Natalie Brunell

Kitco News:  11-18-2024

The United States could soon establish a Bitcoin Strategic Reserve, with Wyoming Senator Cynthia Lummis leading the push for this unprecedented move.

According to Bitcoin educator and podcast host Natalie Brunell, Lummis suggests that the U.S. convert a portion of its massive gold reserves into Bitcoin, aiming to make this transition happen "very quickly" once the new administration is in place.

This proposal, which includes acquiring one million Bitcoins over the next 20 years, could mark a turning point for the global financial landscape, potentially boosting Bitcoin's value significantly.

Brunell explores what this proposal means for Bitcoin's future, the broader macro environment, and how corporations and governments are starting to adopt Bitcoin.

Tune in as we discuss the implications of this ambitious move and how it might affect Bitcoin's trajectory in 2025 and beyond.

00:00 Introduction

00:02 Senator Lummis' Bitcoin Proposal

00:24 MicroStrategy's Record-Breaking Bitcoin Purchase

01:34 Factors Driving Bitcoin's Surge

 02:27 Bitcoin's Future and Institutional Adoption

 04:59 Risks and Concerns for Bitcoin

06:42 Strategic Bitcoin Reserve Proposal

 12:56 Political Developments and Regulatory Environment

 16:03 Michael Saylor's Bitcoin Vision

18:12 Corporate Adoption of Bitcoin

 19:24 Challenges in Bitcoin Education

21:28 Bitcoin's Future Trajectory

24:21 Conclusion

https://www.youtube.com/watch?v=AbuxDEK1GF8

Alert! FOR THE 1ST TIME IN A DECADE, THE FED'S OWN STOCK MARKET INDICATOR GOES NEGATIVE.

Greg Mannarino:  11-19-2024

https://www.youtube.com/watch?v=9fejxb-Zmd4

China’s Economic Genius Kicks U.S. Out of South America - Argentina Reveals The Truth

Sean Foo:  11-19-2024

In a shocking move, Latin America is moving closer to China. Argentina's President, Milei, has made a U-Turn, seeking to bring his economy closer to Beijing. This realization extends to the rest of the continent. China's economic genius strategy has integrated its economy in the region. As a result, the US faces almost insurmountable odds.

Timestamps & Chapters:

 0:00 Argentina's Massive U-Turn

 3:11 Economic Rescue From China

 5:47 China's Genius Strategy

 8:10 China Checkmates The US

10:56 US Lashes Out

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

“Tidbits From TNT” Tuesday 11-19-2024

TNT:

Tishwash:  Turkish Trade Minister to visit Iraq

Turkish Trade Minister Omer Bolat begins a two-day visit to Iraq on Monday, heading a delegation of contractors and businessmen.

Sources in the Turkish Ministry of Trade told Anadolu Agency that the Turkish delegation, headed by Bulat, will visit the capital Baghdad and the city of Basra on November 18 and 19.

The Turkish delegation to Iraq includes representatives of the Exporters Council, the Contractors Union, and Turkish companies.

The visit includes holding talks between businessmen in the two countries, and discussing opportunities to enhance bilateral relations with the participation of contracting companies.

Minister Boulat is scheduled to meet with Prime Minister Mohammed Shia Al-Sudani, and hold a bilateral meeting with his counterpart Athir Dawood Salman Al-Ghariri, and with Minister of Transport Razzaq Muhaibis Al-Saadawi.

Türkiye's exports to Iraq rose by 5.3 percent in the first 10 months of this year, recording $10.8 billion.

While Iraq's exports to Turkey amounted to $3.7 billion during the same period, recording a 41 percent decline, while the volume of trade between the two countries amounted to $14.5 billion during the mentioned period   link

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

Tishwash:  Al-Sudani confirms Iraq's openness to achieving a serious and real partnership with Türkiye in various fields

Prime Minister Mohammed Shia Al-Sudani received today, Monday, Turkish Minister of Trade Omar Bolat, who is visiting Iraq with a large delegation of about 150 businessmen from the Exporters Council and the Contractors Union, on a working visit that includes Baghdad and Basra.

Al-Sudani stressed, in a government statement, a copy of which was received by {Euphrates News}, during the meeting: “Iraq’s openness to achieving a serious and real partnership with Turkey in various fields, especially with the government implementing a package of economic reforms that prepared the investment environment within the country,” pointing to “the government’s desire to develop the trade balance between the two countries, with the rapid growth witnessed by industry in Iraq.”

The statement added, "The meeting also discussed the meeting of the Iraqi-Turkish Economic and Trade Committee, which will hold its work in two weeks."

For his part, Polat conveyed the greetings of Turkish President Recep Tayyip Erdogan to the Prime Minister, stressing that "the growing relations between the two countries are an opportunity to proceed with what was agreed upon during Erdogan's visit to Iraq," referring to "the strategic development road project, where he expressed his country's readiness to provide all support to proceed with this important project for the region and the world."  link

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

Tishwash:  COP29: Iraq rejects fossil fuels phasedown

The Parliamentary Health and Environment Committee announced on Monday the Iraqi delegation's refusal to phase out fossil fuels during its participation in the United Nations Climate Summit COP29, stressing that Iraq seeks to adapt to global environmental standards in line with local privacy.
 
The head of the committee, MP Majid Shankali, told the Iraqi News Agency (INA): "The Iraqi parliament in this session paid great attention to attending climate conferences, as we participated in COP27 and 28, and today in COP29 in Baku."
 
Shankali added that "the participation of the parliamentary delegation in the COP29 conference came to follow up the work of the negotiating delegation and keep abreast of the latest developments in the conference," noting that "the climate conference focused on important issues, most notably the gradual phasedown of fossil fuels, which is one of the main pillars of the Iraqi economy, which we completely reject."

"There is a proposal from Azerbaijan to support developing countries by oil countries, but this proposal was rejected, because most oil-producing countries are themselves developing countries," he said. 

 He pointed out that "the active political presence of the President of the Republic, undersecretaries of ministries and executive bodies, in addition to the legislative support of the Iraqi parliament, strengthens Iraq's position in these conferences, especially since it will assume the presidency of the G7 Plus summit with China in the next session." 

 The President of the Republic, Abdul Latif Jamal Rashid, participated in the United Nations Climate Summit COP29, which was held in the Azerbaijani capital Baku from November 12 to 13, which was attended by a large number of United Nations member states in addition to governmental and non-governmental organizations. link

Mot: .. and meanwhile - Back in 1914!!! 

Mot: .... So, what do we do now, little guy?"  ding dong ditch

One day, a policeman is strolling down the street when he notices a tiny boy standing in front of a house, desperately trying to reach the doorbell. The boy, however, is too small, and the doorbell is just out of his grasp.

The policeman watches for a moment, amused, before walking over. Gently placing a hand on the boy's shoulder, he leans forward and rings the doorbell for him with a quick press.

Squatting down to the boy’s level, the policeman grins and asks, "So, what do we do now, little guy?"

The boy looks up with a mischievous smile and replies, "Now we run!"

“Coffee With MarkZ” Tuesday Morning Chat 11-19-2024

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: Welcome home, Mark... hope your travel was smooth

Member: Are we all feeling warm and fuzzy today?

Member: I hear Sudani told his citizens that he envisions the IQD being higher than the Kuwait dinar….

Member: Kuwaits dinar is at $3.25 right now- Sudani said the dinar will be higher.

MZ: He said the IQD would become the highest in the world. He said it would return to its pre-emanate spot in the wor

Member: Dr Shabbi said could support 16.00 in 2012!!!

Member: Is Iraq doing their census today?

Member: I think it starts tomorrow for a couple days.

MZ: “Iraq Prime Minister: Tomorrow we will take an important step that has been delayed for years”  there has been one heck of a fight to stop this census. But an accurate census is extremely important. And they are making it happen so they can pass the HCL. I believe this is the last step before Iraq pulls the trigger.

Member: Businesses, parliament are closed for a couple days…..and there is a curfew.

Member: I believe the HCL includes payments to citizens from oil proceeds…..like what Alaska does. Every citizen of Alaska gets paid yearly checks by the oil companies.

MZ: “Sudani: The census is the boundary between guesses and facts to distribute wealth according to fairer rules” There are some fun things going on in Iraqi politics.

MZ: This is huge:  “ Setting a date for the resumption of oil exports from Kurdistan from the Turkish port of Ceyhan”  They have set a date and will resume exports this year…..to me this means the HCL is done or very close to done.

Member: (From Dinar Guru) Mnt Goat  ...the CBI is once again educating the citizens and merchants on how the new process will replace the currency auctions. In the article titled “PRIVATE BANKS ASSOCIATION: IRAQ TO ADOPT ADVANCED TRADE FINANCE SYSTEM BY END OF 2024” once again they explain how the new process will work. Quote:  “it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade.”

MZ: “The future of international trade transactions in US dollars in Iraq”  they are also talking about BRICS and how it diversifies. The majority of trade is in USD…but its important to have options so they are expanding trade with many countries using the Chinese yuan and other local currencies…BRICS has given them opportunities to use other currencies besides US.

Member: Any banker of historic bond news?

MZ: Unfortunately no. They are still eerily quiet. I am hoping today to be able to track contacts down and get some news.

Member: If they signed an NDA – no one should talk…..i like it when its quiet.  

Member: Is the Indonisian Rupiah still guestimated at $1.47?

MZ: That is what I am still hearing. I hope that is accurate.

Member: Reminding  everyone again (so many new people here) you said long time ago when it happens you will have a special podcast to let us know.

Member: Anytime and any day…..Thanks Mark for being there for us.

Member: How long will we have to make appointments after the RV?

MZ: I heard 30 days. But some contacts believe it will be more like 90 days. 

Member:  I wonder if we are waiting for a conflict or some event to cover this RV? Hard to believe we are still waiting.

Member: Christmas before Thanksgiving would be so nice this year so many hurting

Member: We need a group prayer for this to hit the finish line. Dear God, please bless our patience with an RV now, so we may have the ultimate Thanksgiving. Amen!

Member: Re-did my 2 week notice…..cannot wait to turn it in.

Member:  Thank you, Mods! Thank you Mark!  Have a great day Everyone!

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=lb3vasC_Ivc

Iraq Economics News and Points to Ponder Tuesday AM 11-19-24

Gold Smuggling...A Double Threat To The Economy And The Iraqi Dinar
 
November 18, 2024  Baghdad/Iraq Observer  The smuggling of Iraqi gold represents the latest chapter in the money laundering  operations that the country is suffering from, as the Iraqi authorities were recently able to thwart an attempt to smuggle large quantities of gold through Baghdad International Airport, at a time when the Federal Integrity Commission announced intervention and opened an investigation into the case.
 
The head of the Integrity Commission, Muhammad Ali Al-Lami, announced the directive of the legal department in the commission to open a comprehensive investigation into the attempt to smuggle gold via one of the Iraqi Airlines planes.

The commission confirmed that the case is one of the largest cases of financial and administrative corruption, stressing the importance of following up the case in all its details and taking action.
 
Necessary actions.
 
For its part, the Border Ports Authority indicated that “the attempt was foiled after the discovery of 13 gold bars with a total weight of 13.7 kg, which were carefully hidden in the weighing hall at Baghdad Airport,” explaining that
 
“the bars were discovered using modern baggage detection devices, and it confirmed that the investigations We are continuing to identify those responsible for this attempt.
 
In turn, legal expert Ali Al-Tamimi confirmed that  “Money Laundering Law No. 39 of 2015 imposes penalties of up to 20 years in prison and fines that are not less than the value of the smuggled money, and may reach five times that.”

Al-Tamimi added to “Iraq Observer” that  “Iraq can sue countries that contribute to destabilizing its economy, based on Articles 1, 2, and 3 of the United Nations Charter, which gives Iraq the possibility of resorting to the United Nations and the International Court of Justice to protect its economic interests.”
 
Reports and analyzes indicate that gold smuggling in Iraq is no longer an individual issue, but has become part of an interconnected corruption system supported by influential parties, as these operations are exploited to feed the black market and weaken the national economy.
 
Specialists believe that the continuation of this phenomenon represents a direct threat to national resources, as smuggling operations are no longer limited to gold only, but also  include oil and currencies,  which increases the economic crisis in the country.

Innovative methods
 
In turn, Member of Parliament Alia Nassif confirmed that “gold smuggling operations are conducted using innovative methods,” warning that   these operations aim to systematically destroy the Iraqi economy.

She pointed out that  large quantities of local and imported gold are melted down and converted into bullion to be smuggled abroad, which opens the way for money laundering and financing illegal operations.
 
Nassif called on the regulatory authorities and the Central Bank to   
     trace the sources of funds used to buy gold and   
     ensure the validity of the procedures followed at border crossings and customs.

She also stressed the need to investigate how funds are transferred through the currency sales window and their role in financing these operations, stressing that these financial crimes do not threaten Not only national wealth,  but also increases the exchange rate gap between the official market and the parallel market.    https://observeriraq.net/تهريب-الذهب-خطر-مزدوج-على-الاقتصاد-وال/   

Rusli Al-Maliki: This Is How Citizens Can Be Encouraged To Benefit From Their Cash Savings That They Are Afraid To Deposit In Banks.
 
November 15, 2024  Baghdad/Iraq Observer  Rusli Al-Maliki: This is how citizens can be encouraged to benefit from their cash savings that they are afraid to deposit in banks.
 
 [approximate translation of video]
 
Peace be upon you, followers of Iraq and Buzz. 
Iraqi financial institutions complain about the hoarding of citizens’ money in their hands and in their homes instead of putting it in banks.
 
Iraqi banks, for Iraqis, are not trustworthy.   The bureaucracy and the backward system of banks do not leave an opportunity to put Iraqi money in citizens’ money, but there is another way.
 
This money can appear in a way that benefits the country and provides job opportunities. 
Large taxes must be imposed on the country, which is by expanding cities outward.
 
This is done through ring roads, extending the infrastructure, and selling land to citizens, land that is suitable for housing or divided as housing.
 
Here, this money will go out to work in the field of investment, in the field of contracting, in the field of construction, and in selling and buying.

The country will find itself with large amounts of money that have come out of pockets and homes and have been put in this field.  
This will provide large job opportunities.  
This will provide good taxes for the state.  
This will provide pressure relief on cities and the state.
 
What you will spend on infrastructure you will get through the taxes on the white goods and the purchases that you take.

There is more than one solution to benefit from this money.  
We only need urban planning and city expansion. 
Thank you.

Watch the video below:
 
https://youtu.be/0Z89Jag0D3I?si=7TO4x1QgKiKe5AfM
 
https://observeriraq.net/رسلي-المالكي-هكذا-يمكن-تشجيع-المواطني/

The Central Bank Organizes A Symposium In Cooperation With The University Of Mosul
 
November 18, 2024   Within the framework of   
     seeking to develop the educational environment and
     enhance academic and financial cooperation in raising community awareness and on the
     importance of banking compliance,
 
the Central Bank of Iraq / Mosul Branch organized a scientific symposium in cooperation with the Department of Banking and Financial Sciences at the College of Administration and Economics, University of Mosul.
 
 The symposium was titled (Compliance and its role in reducing money laundering operations) in which a number of government and private banks in the governorate participated, in addition to the teaching staff at the university.
 
The attendees stressed the importance of the symposium, which was devoted to the vocabulary of compliance  because of its repercussions on the stability of the financial system, which in turn helps. In protecting the national economy of Iraq.
    
 Central Bank of Iraq      Media office      November 18, 2024   https://cbi.iq/news/view/2713   

Delete The Zeros And Evaluate The Dinar 
Economical 11/18/2024  Ali Daadoush  We explained, in a newspaper column a while ago, the concept of deleting zeros, and today we are talking about the concept of currency revaluation, which means a calculated upward adjustment of the official exchange rate of a country relative to the chosen baseline, as the baseline can include (wage rates, the price of gold, or specific foreign currency), and revaluation is the opposite of devaluation of a currency.
 
In the fixed exchange system (the system followed by Iraq), only a decision from the state (the central bank) can change the official value of the currency, and
 
developing economies are likely to use the fixed exchange system in order to limit speculation and provide a stable monetary system in the country.
 
In a flexible exchange system, revaluation occurs on a regular basis, as evidenced by noticeable fluctuations in the foreign exchange market and associated exchange rates.
 
For example, the United States continued to apply a fixed exchange rate until 1973, when President Richard Nixon decided to withdraw the United States from the gold standard and switch to a flexible exchange rate system.
 
As for China, although it has an advanced economy, Its currency remained stable until 1994, before the Chinese government re-evaluated its currency in 2005, which was linked to the US dollar. After this re-evaluation, it was linked to a basket of currencies. Universality.
 
The decision to revalue the local currency affects the economy in general, as it affects both the currency being examined and the valuation of assets held by foreign companies in this particular currency.
 
Given that revaluation has the ability to change the exchange rate between two countries and their currencies, the values ​​may have to be adjusted. The carrying amount of assets owned abroad to reflect the effect of a change in the exchange rate.
 
For example, let us assume that a foreign government sets (10 units) of its currency as equivalent to one dollar in US currency. To revalue its currency, the government may change the price to (5 units) per dollar.   
This results in its currency becoming twice as expensive when evaluated in US dollars compared to what it was. It was previously.
 
If the above currency revaluation occurs, any assets held by a US company in the foreign economy must be revalued.
 
If the value of an asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation would require a change of $200. One thousand US dollars.

This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the currency in question.
 
Another example is what the Iraqi government did in 2023 when it raised the value of the Iraqi dinar from 1,450 dinars/dollar to 1,300 dinars/dollar.   https://alsabaah.iq/106053-.html   

Economic: Re-Exporting Kurdistan Oil Will Cause Iraq To Lose $5 Billion And A Budget Deficit
 
Economy ​ 11-16-2024, 13:09 | Baghdad today – Baghdad  Economist Nabil Al-Marsoumi confirmed today, Saturday (November 16, 2024), that re-exporting Kurdistan’s oil will cause Iraq to lose $5 billion, while noting that  it will cause a budget deficit.
 
Al-Marsoumi said in a post on Facebook, followed by Baghdad Today, that the Kurdistan Petroleum Industry Association (APIKUR) welcomed the proposal to amend Article 12 of the Budget Law,
 
but believes that there is sufficient scope in the current wording to cover its previous requests related to commercial conditions and guaranteeing payment. Payments for past and future exports through the Iraqi-Turkish oil pipeline.”

He added,  "The amendment stipulates that the Federal Ministry of Finance shall compensate the Government of Kurdistan from sovereign expenditures for the costs of production and transportation, for the quantities of oil produced in the region that are received by (SOMO), or the Federal Ministry of Oil, provided that the fair estimated costs of production and transportation are calculated for each.

" Field by field, by a specialized international technical advisory body, determined by the Federal Ministry of Oil in agreement with the Ministry of Natural Resources in the region,” indicating that
 
“production and transportation costs are compensated by the Federal Ministry of Finance.” As an advance, at a rate of $16 per barrel, it will be settled later after the completion of the specialized technical consultant mentioned above, and retroactively from the date of commencement of delivery.”

Al-Marsoumi continued,  “According to the results of Deloitte’s audit for previous years, the region was only receiving 44% of oil revenues, and
 
the rest is received by foreign oil companies to cover the costs of production, transportation, marketing, and the profits of foreign companies, which are specified in most contracts at 20% of oil profits after deducting costs.” amounting to 40% of the price of a barrel of oil to recover part of the costs incurred by foreign companies when investing in the oil sector in Kurdistan.

He explained,  "In light of these facts and because of Iraq's commitment to OPEC Plus restrictions, the amount of Kurdistan's exports amounting to 400 thousand barrels per day will require reducing the same amount from the central and southern fields, which will lead to a decline in oil revenues by about 5 billion dollars annually,
 
which means an increase in the budget deficit by the same amount due to... Differences in costs and profits of foreign companies and the lower quality of Kurdistan’s oil.”

He stated,  "The solution lies in Iraq's request to OPEC Plus to exempt it from the mandatory and voluntary cuts imposed on the production quota so that there is an economic feasibility in re-exporting oil from Kurdistan." 
 
https://baghdadtoday.news/262139-اقتصادي-إعادة-تصدير-نفط-كردستان-سيؤدي-لخسارة-العراق-5-مليارات-دولار-وعجز-بالموازنة.html   

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 11-19-24

Good Morning Dinar Recaps,

PHILIPPINES TO DISTRIBUTE TOKENIZED GOVERNMENT BONDS VIA GCASH WALLET, PDAX CRYPTO EXCHANGE

The Philippines government is about to embark on the next phase of its government bond tokenization path. Last year it tokenized bonds targeting institutional investors. That was followed by releasing 90 day Treasury Bills available to retail investors.

Now the Bureau of the Treasury is planning to distribute longer term tokenized Treasury Bonds, or GBonds, in December targeting consumers.

Its primary distribution mechanisms will be via GCash and PDAX. GCash is the wallet app that has been used by 94 million people and was recently valued at $5 billion.

Ant, the owner of Alipay owns around a third of GCash parent Mynt and MUFG owns 8%. PDAX is a cryptocurrency exchange with around four million users that has already been distributing the Treasury Bills, with a minimum investment of 500 pesos ($8.52).

“We envision a future where investing in government bonds is no longer a luxury but a new normal for Filipinos — with just a few swipes away and as easy as ordering their favorite food delivery,” said Ralph Recto, the Philippines Secretary of Finance. “This empowers our people to effortlessly secure their future, all from the comfort of their homes.”

The government news agency said Recto called for GCash and PDAX to speed up the launch.

The country already has retail government bonds, but the minimum investment is ten times higher at 5,000 pesos. PDAX, who we suspect is providing the tokenization technology, says one of the key benefits is reducing the administration costs to support the smaller denominations.

In 2020, the government first explored using blockchain for retail government bonds and launched the Bonds.PH app in collaboration with UnionBank. Back then, the bank also partnered with PDAX for the blockchain aspect.

Other tokenized government bonds
Issuing tokenized government bonds as digital twins, or natively digital bonds, is becoming increasingly popular, although most still target institutions. Slovenia became the first European state to issue a digital bond, and the UK is planning one in the next two years. The largest digital government bod so far was a multicurrency green bond issuance worth $756m by Hong Kong.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

IOTA announces network upgrade for more real-world adoption

The IOTA Foundation has announced a sweeping upgrade to its blockchain network, aiming to improve scalability, decentralization, and real-world use cases.

Dubbed “IOTA Rebased,” the proposal will transition IOTA’s Layer 1 network to a Move-based object ledger, introducing programmability and enabling tens of thousands of transactions per second.

If approved by token holders, the upgrade will mark a shift to a delegated proof-of-stake mechanism with 150 permissionless validators to secure the network.

This move will replace IOTA’s (IOTA) existing architecture with a decentralized structure, allowing for faster and more secure transactions. 

The proposal also incorporates the Move programming language, enabling smart contracts directly on the Layer 1 network. 

This feature is designed to expand IOTA’s application in industries such as supply chain tracking, asset tokenization, and digital identity systems, according to the company.

IOTA has created a governance post so the community can discuss and debate the protocol upgrade. The vote will officially go live on December 2.

In August, IOTA introduced a blockchain-based tool to simplify music rights management in the film industry. Developed under the European Blockchain Pre-Commercial Procurement initiative, the tool aims to streamline negotiations and secure intellectual property rights.

Move ecosystem merge
Joining the Move ecosystem alongside platforms like Sui and Aptos, IOTA aims to leverage MoveVM’s capabilities while becoming the first Layer 1 network to adopt this architecture.

The IOTA Foundation has launched a Move-based testnet to showcase the upgrade’s potential, accompanied by tools for developers, including a browser wallet extension and updated documentation.

The economic model under the proposed system introduces staking rewards and a dynamic token supply. Validators and delegators will earn newly minted IOTA tokens with an initial annual inflation rate of 6-7%, translating to a projected 10-15% annual return for stakers, according to the company release.

This model aims to incentivize network participation while maintaining fair tokenomics through mechanisms like fee burning.

“This upgrade could significantly accelerate our adoption efforts by introducing programmability and full decentralization to IOTA. We believe this proposal has the best chance of delivering value for the IOTA ecosystem.”  —  Dominik Schiener, Co-Founder and Chair of the IOTA Foundation.

With the Rebased proposal, IOTA seeks to strengthen its position as a leading blockchain infrastructure, focusing on bridging decentralized technology with practical, real-world applications.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

Seeds of Wisdom Team RV 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

News, Rumors and Opinions Tuesday AM 11-19-2024

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 Tues. 19 Nov. 2024

Compiled Tues. 19 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Mon. 18 Nov. 2024 Wolverine: “It looks like things have started. It’s definitely coming this week. May be in a few hours. People are under NDAs. Lots of people have been (allegedly) paid, especially in Columbia. Bond Holders have their appointments for Thurs. 21 Nov. They have(allegedly been paid out.”

Mon. 18 Nov. 2024 TNT Call:

1. Ray was very excited. Tony said Ray was trying to give away the good stuff.

2. Tony said he had a special weekend of ups and downs.

3. Two updates during the weekend of ups and downs.

4. The RV was supposed to have happened over the weekend, but it didn’t.

5. All three letter agencies said the celebration scheduled for Saturday was rescheduled for today in Zurich.

6. They say the RV is complete and we will see it sometime today.

7. Some banks have received memos today that the RV is happening – we could see it any time today.

8. The VND rate is $0.39 right now.

9. Some countries say they are going to attack Israel.

10. Most countries are worried about the new administration.

11. We will make a lot of changes after the RV on our part. It becomes a new world for us.

12. All the three-letter agencies said that the RV will be done today.

13. Ray is very excited. When asked between 1 and 10, with 10 being the highest, Ray, where is it? Ray said 12.

14. The same question was asked to Tony, and Tony said 9.

15. Some people will have multi-currency accounts. Tony said he wouldn’t have any.

16. They are saying it is done and released. The process is underway right now.

17. The banks and the Federal Reserve are waiting for the email right now.

18. Tony said he is also waiting for the email from the banks.

19. The RV has been completed and released and the process is underway right now.

Read full post here:  https://dinarchronicles.com/2024/11/19/restored-republic-via-a-gcr-update-as-of-november-19-2024/

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

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

Militia Man They're talking about cross boarder transfers.  That's money.  That's currency.  That's going to be doing commercial trade.  That's going to be Article VIII compliance my friends.  That's how it's going to be...Whether it's today or tomorrow that's a good question...Iraq is going international right before our eyes...

PompeyPeter   The most important thing IMO...we're waiting for is the release of the 2024 budget with amendments which contains the new International rate.  That new rate will be applied to the budget upon release.  We have not seen that budget release yet but we hope, pray and believe that it's extremely close...

Delete the zeros revaluation

Nader:  11-19-2024

https://www.youtube.com/watch?v=_kCQ4MGLp3I

Currency Exchange Rates & Real Estate IQD VND COP ARS BRL BTC

Edu Matrix:  11-19-2024

Currency Exchange Rates & Real Estate IQD VND COP ARS BRL BTC - How and why foreign real estate investments go hand and hand with foreign currency exchange rates. Rates for Iraq, Vietnam, Columbia, Argentina, and Bitcoin's massive growth. How to stabilize your Bitcoin investment and understanding which exotic currencies to invest in.

https://www.youtube.com/watch?v=7nFo4Vbw2dA

MilitiaMan & Crew-News-Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Zeros Exchange rate news

MilitiaMan & Crew-News-Report-Census-Global Transparency-Budget-Trade-Banking-Delete the Zeros Exchange rate news

11-18-2024

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=3tK9TIKRoTY

Possible Bank Perks to ask for at your Exchange Appointment .

Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest:  Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team

Possible Bank Perks to ask for at your Exchange Appointment .
 
AUM - Assets Under Management

1. No fees ever for foreign currency exchanges

2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.

3. Family Office Services

4. Perks can be based on AUM (Assets Under Management) in a tier grid

5. Discounts on AUM fees

6. No fees ever - no fee to deposit/wire transfer money

7. No Broker fees ever

8. Free Safe Deposit Box, Certified Checks, Notarized, Courier Services

9.Provide Excess Deposit Insurance (i.e. Lloyds of London and/or Travelers) or Abbott Downing

10.Provide Senior Wealth Managers/Investment Bankers for selection

11. Tax/Business/Estate Attorney & CPA

12. Private transactions representation –assistance in buying a house/car/anything ( my trustee will purchase through my bank) 13.

Free Due Diligence Services provided for outside investment opportunities(research on any person or service) they will get it

14.100% funding availability (immediate Funds) before we leave

15. Unlimited Platinum or Black Visa Signature Debit & Credit Card with no ATM fees

16. Line of Credit available

17. Group Health Insurance - to cover the signers and families of depositors

18. Guarantee 12-15% interest per year on deposits

19. Bank Trading Platforms & Repurchase Agreement Sweep Accounts

20. Short Term/High Yield Interest Rates

21. Assist in opening an offshore bank account with affiliate bank for foreign investments

22. Access to information on great investment opportunities

23. Pre-IPO deals

24. Provide free Executive Privacy Plus subscription with Reputation.com

25. Sports tickets in suites and on the floor (Football, Basketball, Baseball, Boxing, Tennis, Golf, NASCAR & etc.) Also, special events like the Super Bowl, NBA Finals, College Bowls, NCAA Final Four, World Series &the Olympics. Based on AUM in a tier grid

26. Entertainment & Concert tickets in suites and on the floor (Music Concerts, Entertainment Awards Shows, Premier Movie Screenings, TV Show tickets & etc.) Based on AUM in a tier grid

27. Limousine & VIP transportation based on AUM in a tier grid

28. Private Jet Travel (5-25 flight hrs. per mo.) based on AUM in atier grid on flight hours per month

29. First Class seats/commercial airlines based on AUM in a tier grid

30. Private Yacht access/usage (40 hrs. annually) based on AUM in a tier grid on access/usage hours per year

31. Donations to our favorite charities (Banks matching a certain percentage)

32. Prime seats at charity events

33. Suites at Luxury Hotels & VIP Dinners at Restaurants based on AUM

34. Membership fee & Annual fees to Inspirato Core resorts & residences

35. Membership fee & Annual fees to Exclusive Resorts & Residences for 60 days with Priority Holiday Access annually

36. ClubCorp Private Membership based on AUM

37. Spa & Massage Club Membership based on AUM in a tier grid

38. Concierge Services 24/7 based on AUM

39. Provide a free cell phone & concierge subscription service for  members with $1 million and over AUM

40. Free Family Financial Education provided for group family members

41. Provide any and all other perks that was not mentioned

What About Gold?

What About Gold?

November 18, 2024  Notes From the Field – James Hickman/ Simon Black/ Sovereign Man

It was early January 2020, and weird things were happening in the world.

Socialism was on the march in the Land of the Free. Conflict, it seemed, was exploding everywhere, both abroad (North Korea, Iran, Yemen) and at home.

And most notably, over in China, the Communist government was literally welding people into their homes to ‘keep them safe’ from a bizarre virus that was spreading rapidly

It was only January, but 2020 was already looking pretty uncertain.

I wrote an article about preparing for uncertainty. And, with respect to finance, I wrote that gold was a very sensible asset to own in such times: “Frankly I don’t think anyone can credibly say that they have any idea what’s going to happen in the world in 2020. And that’s why I own gold.”

We soon found out. One of the most ridiculous hysterias in human history gripped the world. Countries were locked down. Governments and central banks conjured trillions of dollars out of thin air to pay people to stay home and not work.

Three months later, in mid-April, I wrote again that the Fed’s virtually unlimited money printing was going to be “very inflationary” and encouraged readers to consider gold once again (along with other real assets).

Quite predictably, the price of gold shot up, from $1560 in early January, to $1720 in April, to nearly $2000 in August.

At that point there was a lot of fickle, speculative capital flowing into the gold market. Gold ETFs were receiving huge inflows, pushing the price to (what was then) an all-time high.

So I wrote to our audience again on August 3rd stating that, “a short-term correction may be in order” for gold. The price peaked three days later, and then fell be several hundred dollars per ounce.

I started writing about gold again in earnest back in early 2023, a few months after the price had bottomed out. The fiscal trajectory of the United States under Joe Biden was painfully obvious at that point. The national debt was growing at an unprecedented peace-time pace, and other nations were lining up against the dollar as the global reserve currency.

Gold was a smart move. And by the end of the year I concluded that “we could easily see central banks around the world ditching their US dollars and loading up on gold as part of a new, de-dollarized global financial system.”

And that’s what started happening: fed up with dollar inflation, US government dysfunction, and America’s gargantuan national debt, foreign central banks began trading their dollars for gold.

THE GOLD PRICE SOARED AS A RESULT

Even in March of this year, when gold was at its all time high of the time at $2,150, I wrote that gold was actually a contrarian investment with a lot more room to rise.

It went all the way up to almost $2,800.

Now, I’m not citing my own work to be boastful. Trust me, I’ve gotten plenty of things wrong.

My point is to illustrate that I AM NOT A GOLD BUG. I don’t hold a fanatical view about gold that it’s the only thing worth owning and is only going to go up.

Furthermore, I don’t think about gold strictly in terms of price; that’s way too one-dimensional.

Gold is a great insurance policy. It’s a hedge against systemic risks. It’s great for estate planning and asset protection. It holds its value over inflation over long periods of time. And, sometimes, it can also be a fantastic speculation.

The above examples demonstrate that I’m not shy about saying whether I think gold has been overbought, is too expensive, or too cheap. My assessment obviously changes when the information changes.

Right now one thing is clear: foreign central banks were the ones responsible for driving the price of gold to all-time highs throughout 2024, just as I suggested would be the case in 2023.

And that was happening at a time when most individual investors (plus ‘smart money’ hedge funds) were actually selling gold. So they were missing out on the boom.

But that started to change over the past few months.

Data from Gold ETFs around the world show that individual investors have been buying tons of gold. Problem is— that money tends to be very short-term... and fickle.

We can already see it; a lot of those same small investors have already yanked their money out of gold after the US election, which is why the price is down about 10% from its record high.

But, again, the real long-term driver of gold demand is central banks. And I think a lot of foreign central banks are sitting on the sidelines right now.

With gold already near its all-time high, they have paused their buying spree, and they’re now looking at this incoming administration to see what happens next.

Can Elon trim the federal budget? Will there be a US energy renaissance or AI-fueled productivity bonanza? Will the government become functional once again? Will America’s unparalleled military superiority be restored? Will sensible monetary policy reign in inflation?

Because if those things actually happen, then the dollar has a pretty good shot of continuing its reign as the dominant global reserve currency.

And I think a lot of central banks that have been buying so much gold are happy to wait for the next several months to see what happens. Hence gold could easily trade sideways for a while, or even fall.

All that said, gold is still worth owning... because there’s still long-term risk to the US and to the dollar.

Vladimir Putin recently made some comments that a lot of folks misinterpreted as “Russia and the BRICS nations will keep using the dollar. . .”

But that’s not what Putin said.

Putin said it was the US government’s weaponization of the dollar that pushed Russia and the BRICs nations away. And as long as that threat remains, the BRICS+ bloc is plowing ahead with developing an alternate financial system.

Many large economies have already started trading with one another in a currency other than the US dollar. And that trend is likely to continue, i.e. the dollar is going to have competition.

Not to mention, there’s still a ton of uncertainty in the world. The national debt is still way too high. The Leftists still want to storm to power and Make America California. Conflict might still break out.

hese are all sensible reasons to own some gold.

But given that the key driver of the gold price, i.e. central banks, are probably going to sit on the sidelines over the next few months, I wouldn’t be buying right now on the expectation of a short-term price surge.

To your freedom,   James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/what-about-gold-151745/

Seeds of Wisdom RV and Economic Updates Monday Evening 11-18-24

Good Evening Dinar Recaps,

GAMETA AND ROBIN ECOSYSTEM PARTNER TO ADVANCE WEB3 PAYMENT SOLUTIONS

Gameta, a top player in the GameFi market, has commenced an exclusive strategic collaboration with Robin Ecosystem. As per Gameta, the partnership intends to increase Web3 adoption with the merger of advanced payment technologies and gaming innovation. The platform disclosed this endeavor on its official X account.

Gameta’s Collaboration with Robin Ecosystem Marks a Revolution in Web3 Payments
In a recent post, Gameta mentioned that its collaboration with Robin Ecosystems focuses on revolutionizing Web3-based payment solutions.

In this respect, this development increases the accessibility of GameFi and DeFi to a wider audience. Robin Ecosystem has obtained a significant position in the market with its inclusive payment platform. It has integrated its Robin Wallet with a social empowerment instrument Zapry.

By merging the social interaction capabilities and payment solutions, it targets offering a broad forum for Web3 exposure.

Gameta deals with blockchain-based gaming and GameFi. The latest partnership thereof with Robin Ecosystem serves as an opportunity to broaden its access and provide improved payment features.

The collaboration will potentially fortify the gaming ecosystem of Gameta with the integration of Robin Wallet’s consumer-friendly payment solutions. This enables streamlined transfers for rewards and purchases within the games.

Moreover, Zapry’s integration could also improve community engagement and player interaction, making the GameFi experience more immersive.

The Partnership Leads to the Next Wave of Growth in Blockchain Gaming
In line with Gameta’s announcement, the partnership mirrors a wider trend of ecosystem collaborations across the Web3 sector. By filling the gap between payment solutions and gaming, Robin Ecosystem and Gameta are paving the way for the next growth rally for blockchain gaming.

@ Newshounds News™

Source:  Blockchain Reporter

~~~~~~~~~

XRP NEWS: LEGAL EXPERT SAYS SEC’S LATEST APPEAL HAS NOTHING TO DO WITH $125 MILLION PENALTY

Ripple has come a long way since its early days when reaching $1 seemed impossible. Now, with XRP surging past $1, some are even predicting that it could reach previous ATHs at $3.30. While this may sound far-fetched, recent rumors of SEC Chair Gary Gensler’s resignation and Ripple’s potential victory in its legal battle with the SEC have fueled speculation that XRP’s future could be brighter than ever.

Although Gensler’s resignation is still unconfirmed, the mere rumor has sparked a wave of optimism across the crypto space, with many hoping it signals a shift in the SEC’s stance on digital assets.

 If true, it could open the door to greater adoption and investment in Ripple’s XRP. As the momentum continues to build, many are now watching closely to see if this rally is just the beginning of something much bigger for XRP.

Amid the uncertainty, one user claimed that the only remaining issue in the case is the settlement fee, with the SEC seeking more than $125 million. The user also claimed that XRP has already won the key point: it was ruled not to be a security.

But former SEC lawyer Marc Fagel disagreed, saying this view is inaccurate. He explained that the appeal isn’t about a “settlement fee,” as there’s no such thing. Instead, the SEC is appealing the ruling on programmatic sales, while Ripple is cross-appealing the decision on institutional sales.

Fagel wrote, “That’s not remotely accurate, sorry; the appeal has nothing to do with the penalty (there’s no such thing as a “settlement fee”). The SEC is appealing the liability finding for programmatic sales; Ripple is cross-appealing liability for institutional sales.”

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

SWIFT AND CHAINLINK UNLOCK GLOBAL ACCESS TO TOKENIZED ASSETS ACROSS 200+ COUNTRIES

▪️Chainlink and SWIFT will power tokenized fund recovery with a new solution.

▪️With defined roles from both firms, this solution can remove inefficiencies in the mutual fund market.

Building on their existing partnership, Chainlink (LINK) and SWIFT continue to push forward for the global adoption of Real-World Asset (RWA) tokenization. Chainlink, SWIFT, and UBS Asset Management recently highlighted their ongoing tokenization efforts via the Monetary Authority of Singapore’s (MAS) Project Guardian initiative.

How Institutions Can Access Tokenized Asset
Specifically, Chainlink, SWIFT, and UBS have unveiled an innovative pilot for settling tokenized fund subscriptions and redemptions. The solution will enable over 11,500 financial institutions across 200 countries to settle digital asset transactions, particularly tokenized funds.

How can 11,500+ institutions across 200+ countries access tokenized assets?@swiftcommunity, @UBS Asset Management, and #Chainlink showcase their major @MAS_sg Project Guardian work around tokenized fund settlement—a solution that is “extremely practical for commercializing” ↓ pic.twitter.com/U0zSp7RwDi  —  Chainlink (@chainlink) November 7, 2024

This latest advancement uses existing SWIFT infrastructure and Chainlink’s platform to settle fund subscriptions and redemptions. It calculates the preconditions for automatically minting or burning fund tokens for the UBS tokenized investment fund. This technique can improve operations and remove costly inefficiencies across the $63 trillion global mutual fund market.

During a panel session, Andrew Wong, Executive Director at UBS Asset Management, noted that SWIFT and Chainlink have facilitated the automatic minting and burning of UBS tokenized fund tokens.

 He said the integration with SWIFT and Chainlink aims to enhance the payment efficiency of the UBS tokenized investment fund.

In a workflow chart, SWIFT Director Giles Goh explained how SWIFT acts as a transfer bridge for USB’s tokenized fund. He noted that the SWIFT transaction manager will implement a program-scheduled task to retrieve pending subscriptions and redemption from smart contracts.

Chainlink then receives the subscription details, such as the amount and funds distributor ID. 

This is key to ensuring the entire flow from the USB-tokenized fund, Digital Transfer Agent (DTA), and Chainlink to the SWIFT network is coherent. Once the transactions come back down, SWIFT triggers a payment initiation or request.

The fund distributor receives this information and initiates a payment converted to a trackable inter-bank payment over SWIFT UETR. Payment fund delivery is confirmed through the SWIFT network and GPI tracker status update. Next, SWIFT triggers subscription and redemption state closure based on proof of funds delivery.

Chainlink calls the subscription redemption functions in the DTA through its Cross Chain Interoperability Platform (CCIP). Finally, CCIP sends and mints the tokens, fulfilling the entire redemption process. Chainlink’s co-founder Sergey Nazarov commented that the pilot opens up a universe of users, which will likely make the fund more successful.

LINK’s Price and Prediction
Meanwhile, Chainlink’s native asset, LINK, continues to move upward, following in Bitcoin’s footsteps.

At press time, LINK price was trading at $14.65, up 3.09% in the last 24 hours and 28.3% in the past 30 days. However, the daily trading volume decreased by 34.6% to $556.6 million, suggesting likely reduced investor interest in the short term.

@ Newshounds News™

Source:  Crypto News Flash 

 ~~~~~~~~~

🌱 WHAT IS AN EXECUTIVE ORDER EO?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV 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