Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 12-03-24

Good Afternoon Dinar Recaps,

COINBASE WILL DROP LAW FIRMS WHO HIRE ANTI-CRYPTO FORMER SEC STAFF — CEO

Coinbase CEO Brian Armstrong said the exchange stopped working with law firm Milbank after it hired former SEC official Gurbir Grewal.

Coinbase CEO Brian Armstrong said the cryptocurrency exchange will not work with law firms that hire individuals involved in what he described as anti-crypto actions during their tenure in government.

Good Afternoon Dinar Recaps,

COINBASE WILL DROP LAW FIRMS WHO HIRE ANTI-CRYPTO FORMER SEC STAFF — CEO

Coinbase CEO Brian Armstrong said the exchange stopped working with law firm Milbank after it hired former SEC official Gurbir Grewal.

Coinbase CEO Brian Armstrong said the cryptocurrency exchange will not work with law firms that hire individuals involved in what he described as anti-crypto actions during their tenure in government.

On Dec. 3Armstrong said in an X post that Coinbase will avoid law firms that hire people who tried to “unlawfully kill” an industry without clarifying the rules. He urged the crypto community not to support individuals who had worked against the sector.

Armstrong claimed senior partners at law firms are often unaware of the crypto industry’s position on this issue. He encouraged community members to make their law firms aware that hiring anti-crypto officials could result in losing business.

Coinbase drops Milbank after law firm hires Gurbir Grewal
Armstrong said that Coinbase ended its relationship with Milbank after the law firm hired Gurbir Grewal, the former enforcement director at the United States Securities and Exchange Commission.

On Oct. 2the SEC announced that Grewal would resign from his position at the agencyThe securities regulator said that Grewal had recommended over 100 enforcement actions to address “widespread noncompliance” in the digital asset industry.

On Oct. 15Milbank said it had onboarded the former SEC official to its litigation and arbitration groupMilbank chairman Scott Edelman praised Grewal’s “record of success” as a federal prosecutor and the SEC’s enforcement head.

Because of this, Armstrong said Coinbase decided to stop working with Milbank. He said:

“If you were senior there, you cannot say you were just following orders. They had the option to leave the SEC and many good people did. It was not a normal SEC tenure.”

Following Donald Trump’s victory in the 2024 US presidential election, members of the crypto community have expressed optimism about a more favorable regulatory environment in the US. This has contributed to bullish momentum in the market, with Bitcoin reaching an all-time high of $99,645 on Nov. 22.

@ Newshounds News™ Source: CoinTelegraph 

~~~~~~~~~

BRICS NEWS:  BRICS COUNTRIES REACT TO TRUMP’S 100% TARIFF THREATS

President-elect Donald Trump threatened BRICS countries with 100% tariff rates if they decide to ditch the US dollar for trade.

Trump made it clear that de-dollarization or launching a new currency and payment system to bypass the US dollar will be met with a 100% tariff on goods entering the US marketsIf the tariff is imposedBRICS countries will find it hard as their imports and export sectors will be hit.

On the heels of the recent 100% tariff threats by Trump, BRICS countries have reacted to the development. While some members doubt the tariff can be put in place, others remain cautious to not irk the President-electThe balancing act of diplomacy now comes into the picture and how they navigate the next four years will decide the success of the de-dollarization agenda.

100% Tariffs on Goods Entering the US: BRICS

BRICS member Russia said that Trump’s threats will backfire as the alliance is committed to uprooting the US dollar’s dominance. “More and more countries are switching to the use of national currencies in their trade and foreign economic activities,” said Kremlin spokesman Dmitry Peskov to Reuters.

The spokesperson said that BRICS countries will band together stronger if Trump adds further economic pressure on the alliance“If the US uses force, as they say, economic force, to compel countries to use the dollar it will further strengthen the trend of switching to national currencies,” said Peskov.

On the other hand, BRICS member India also remains skeptical of Trump’s 100% tariff threats. The think tank GTRI said that imposing tariffs will inadvertently make consumer goods more expensive for US customersWhile the export and import sectors will take heat, eventually the sellers will place the tax on the consumer’s shoulders.

@ Newshounds News™ Source:  Watcher Guru

~~~~~~~~~

WANT TO STAY AHEAD IN CRYPTO? WATCH THIS NOW  |  Youtube

The UK Introduces Regulations!

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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The Money Machine: How a Secret Meeting Doomed Financial Freedom

The Money Machine: How a Secret Meeting Doomed Financial Freedom

Awake-In-3D   December 2, 2024

In the hushed stillness of a cold November night in 1910, a clandestine meeting took place on a remote island off the coast of Georgia. Jekyll Island was no ordinary retreat—it was the exclusive playground of America’s wealthiest and most powerful families. But this gathering wasn’t for leisure. Under the cover of darkness, seven men slipped onto the island, carrying with them a secret that would alter the course of history.

Disguised as duck hunters to avoid detection, these men bore no firearms. Instead, they carried documents, drafts, and the blueprint for what would become the most enigmatic institution in the world: the Federal Reserve. What began that night has shaped the destiny of nations, yet most Americans remain oblivious to the true nature of this powerful entity.

This is the story of how the Federal Reserve came to be—and why its origins remain shrouded in secrecy.

The Money Machine: How a Secret Meeting Doomed Financial Freedom

Awake-In-3D   December 2, 2024

In the hushed stillness of a cold November night in 1910, a clandestine meeting took place on a remote island off the coast of Georgia. Jekyll Island was no ordinary retreat—it was the exclusive playground of America’s wealthiest and most powerful families. But this gathering wasn’t for leisure. Under the cover of darkness, seven men slipped onto the island, carrying with them a secret that would alter the course of history.

Disguised as duck hunters to avoid detection, these men bore no firearms. Instead, they carried documents, drafts, and the blueprint for what would become the most enigmatic institution in the world: the Federal Reserve. What began that night has shaped the destiny of nations, yet most Americans remain oblivious to the true nature of this powerful entity.

This is the story of how the Federal Reserve came to be—and why its origins remain shrouded in secrecy.

The Architects of Control

The men who gathered on Jekyll Island represented the titans of industry and finance. Their identities remained hidden for decades, but investigative efforts eventually revealed their names: Senator Nelson Aldrich, a financial advisor to the Rockefeller family; Paul Warburg, a banker whose family ties extended to Europe’s financial elite; and other representatives of the Morgan, Rothschild, and Kuhn Loeb dynasties.

Officially, they met to discuss banking reform, a necessary step after the financial panics of the late 19th and early 20th centuries. Unofficially, their mission was far more ambitious: to consolidate control over the nation’s money supply. By creating a central bank, they could centralize power and establish a system that ensured their interests would prevail—no matter the cost to the public.

A System Born in Secrecy

When the Federal Reserve Act was passed in 1913, it was celebrated as a triumph of modern economics. Sold to the public as a safeguard against economic instability, the Federal Reserve was touted as a protector of the common good. Few questioned its design or its motives.

But a closer look at its structure reveals an unsettling truth. Despite its name, the Federal Reserve is not a government agency. It is a privately controlled entity with a veneer of public oversight. Its decisions are made behind closed doors, shielded from scrutiny, and its mandate often aligns more with the interests of global financial elites than with those of the average citizen.

The Debt Machine

For over a century, the Federal Reserve has operated as the ultimate engine of debt. When it “creates” money, it does so not by printing currency but by electronically adding to the reserves of commercial banks. This newly created money is loaned out at interest, ensuring that every dollar in circulation is tied to debt.

The implications are staggering. The national debt, now in the trillions, is not an accidental byproduct of poor fiscal policy—it is the intended consequence of a system that thrives on perpetual borrowing. Every year, interest payments siphon billions of taxpayer dollars into the coffers of those who control the system, leaving less for infrastructure, education, or healthcare.

Inflation: The Hidden Tax

Most Americans are unaware that inflation, often dismissed as an unavoidable economic phenomenon, is a deliberate tool wielded by the Federal Reserve. By increasing the money supply, the Federal Reserve devalues the dollar, eroding the purchasing power of ordinary citizens.

For those who control assets—stocks, real estate, and commodities—this devaluation often translates into increased wealth. But for workers, savers, and retirees, it means rising costs, stagnant wages, and diminished savings. The result? A widening chasm between the elite and the everyday citizen.

The Global Web

The influence of the Federal Reserve doesn’t end at America’s borders. Its policies ripple through the global economy, affecting currencies, markets, and governments worldwide. Institutions like the International Monetary Fund and the World Bank, often viewed as benevolent forces, play their part in this global financial system. By offering loans to struggling nations, they impose crippling austerity measures, ensuring these countries remain dependent and indebted.

This is not a coincidence. It is a carefully orchestrated system designed to concentrate power and wealth in the hands of a few, while the rest of the world grapples with economic uncertainty.

The Illusion of Democracy

Every election cycle, Americans are bombarded with promises of economic reform, tax cuts, or spending increases. Yet no matter who sits in the Oval Office or controls Congress, the Federal Reserve operates with impunity. Its policies—quantitative easing, interest rate manipulation, and money creation—proceed without public consent or accountability.

During the 2008 financial crisis, the Federal Reserve bailed out major banks with trillions of dollars, drawn not from its own reserves but from the American taxpayer. Meanwhile, millions lost their homes, jobs, and savings. The system had spoken: the needs of the elite outweighed those of the public.

The Unmasking

For decades, these truths were buried beneath layers of academic jargon, political rhetoric, and public complacency. But in the 1990s, a researcher and writer set out to uncover the Federal Reserve’s dark origins and lay bare its true purpose. He traced the threads of this mystery back to that fateful meeting on Jekyll Island, piecing together the story of how the world’s most powerful financial institution was born in secrecy and deception.

This writer was G. Edward Griffin, and his book, The Creature from Jekyll Island: A Second Look at the Federal Reserve, has become a cornerstone for those seeking to understand the hidden forces shaping our world. Griffin’s work is not just an exposé but a call to action, urging readers to question the systems that govern their lives and demand accountability from those in power.

The creature from Jekyll Island is no myth—it is a reality that continues to shape the economic destiny of billions. And until its secrets are fully exposed, it will remain the greatest mystery of modern finance.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

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News, Rumors and Opinions Tuesday 12-3-2024

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. 3 Dec. 2024

Compiled Tues. 3 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

Get ready for 10 days of communication darkness. Shutdowns will occur, but only in certain areas. Banks will close, ATMs and credit cards will stop working, and you’ll need at least three weeks of food and water. If you’re unprepared, don’t worry—the military has your back and will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of freedom and justice.

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. 3 Dec. 2024

Compiled Tues. 3 Dec. 2024 12:01 am EST by Judy Byington

Possible Timing:

Get ready for 10 days of communication darkness. Shutdowns will occur, but only in certain areas. Banks will close, ATMs and credit cards will stop working, and you’ll need at least three weeks of food and water. If you’re unprepared, don’t worry—the military has your back and will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of freedom and justice.

Global Currency Reset:

Judy Note: There was 0 intel on Monday about the RV.

Mon. 2 Dec. 2024 Iraq: Nothing happened this morning regarding Iraq. They still haven’t paid their citizens salaries. Sale of Iraqi bonds from December moving forward will only be in Dinar. From what I can find, those sales started today. CBI has taken over running the currency auctions. This will do away with the parallel (black) market. These two points suggest that we are on the threshold of Iraq releasing their new rate.

Mon. 2 Dec. 2024: BRICS countries now control over 20% of world’s gold reserves. A recent report from the World Gold Council reveals that the BRICS nations (Brazil, Russia, India, China, and South Africa) collectively hold over 20% of the world’s gold reserves.

Mon. 2 Dec. 2024 DEDOLLARIZATION: The Crushing Blow to the U.S. Dollar

What Putin and China have masterminded is nothing short of a financial revolution aimed at obliterating the global dominance of the U.S. dollar. This isn’t a distant possibility—it’s unfolding right now.

For decades, the elites weaponized the dollar to enslave the world. Using endless sanctions, trade restrictions, and financial manipulation, they forced nations to kneel—or face total economic annihilation.

But the BRICS alliance is dismantling their empire. These nations have flipped the script and unleashed a new, game-changing currency that bypasses the dollar entirely. Every trade deal sealed with this currency is another nail in the coffin of the dollar’s supremacy.

And when the petrodollar collapses—when oil and energy are no longer tied to the greenback—the consequences will be cataclysmic. The U.S. economy, built on illusions and control, will implode. Hyperinflation will ravage America as the dollar’s value plummets. The elites will scramble, but their power will evaporate before your eyes.

This isn’t just an economic shift—it’s a declaration of war against the global elite’s control.

And here’s the kicker: They didn’t see it coming. While they were busy spreading chaos and lies, the world united behind their backs. Now, the tide has turned, and their fortress is crumbling.

Prepare for the collapse. Prepare for the storm. This is the reckoning they thought they could escape, but the truth is, there’s no running from justice. The system they built is about to collapse on itself.

Are you watching? Because this moment will change everything. The age of the dollar is over. The age of freedom is rising. Stay strong, stay awake, and get ready to witness the fall of their empire.

~~~~~~~~~~~~

Mon. 2 Dec. 2024 Insiders Reveal: The U.S. Government Is Preparing for Total Collapse! …G***o TV on Telegram

Behind closed doors, the U.S. government is bracing for the inevitable collapse of the dollar, and they’re hiding the truth from you.

Leaked intelligence reports confirm that top-secret meetings have been held involving senior officials from the Federal Reserve, Treasury Department, and CIA to devise emergency contingency plans. They know the BRICS currency is poised to dismantle the U.S. economy, and they’re scrambling to delay the collapse. But here’s the truth: their efforts are futile.

What these reports expose is truly earth-shattering: the U.S. has already launched covert operations to sabotage the BRICS currency project. Insider sources reveal that multiple cyberattacks have been carried out against BRICS financial infrastructure in a desperate attempt to destabilize the rollout of their revolutionary currency.

Here’s the kicker: Every single one of these attacks was completely neutralized by the Quantum Financial System (QFS). The QFS technology is so advanced and secure that even the U.S. intelligence agencies couldn’t breach it.

This failure has sent shockwaves through Washington’s corridors of power, leaving the elites in panic as they realize they are no longer in control. The collapse they tried to avoid is coming, and the global financial system is shifting out of their hands.

The BRICS nations are rising, the QFS is unstoppable, and the era of American dominance is crumbling before our eyes. The storm is here. Prepare for the endgame!

Read full post here:  https://dinarchronicles.com/2024/12/03/restored-republic-via-a-gcr-update-as-of-december-3-2024/

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

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

Militia Man  The world has expectations of Iraq doing things.  Remember the World Bank is the one that said be prepared for shocks.  They have to be careful with that because technically having Iraq open up to the world and adjusting her real effective exchange rate with her true value is going to be reflected at some point in time in the Forex because she's going to be doing international trade.

Clare   Article: "Government Advisor: Number of Bank Accounts in Iraq Increases to More Than 14 Million”  Quote:  "Salih, confirmed today, Saturday, that financial inclusion in Iraq, represented by bank accounts, has risen to 14 million, with 20 million users, while indicating that Iraq is witnessing a boom in adopting e-governance as a basis for integrity and financial efficiency...national indicators confirm that financial inclusion in Iraq has increased from 20% to 48% at present compared to previous years..."

Banks Are Doing Away With Cash, And People Are Terrified

Atlantis Report:  12-3-2024

The banks you trust with your life savings are on the brink of collapse. Right now, all around us, hundreds of big U.S. banks are falling apart, and your money is at risk.

But there's a solution for those who want to safeguard their finances before the inevitable failure of these institutions. Today we'll explain what's happening to the American banking system and show you how to protect your money before it’s too late.

We’ve all heard the whispers: another bank collapse, another bailout, another financial crisis looming. And with everything happening in the world right now — from inflation, to higher interest rates, to recession — it’s hard not to wonder: is my money safe in the bank?

In the past year alone, we’ve seen many established financial institutions collapsing in the U.S. But what does this mean for you, and how can you take steps to secure your savings before things get worse?

By the end of this video, you’ll understand the depth of this crisis and know how to keep your money safe.

https://www.youtube.com/watch?v=BMnEPpQ8TDk

 

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“Coffee With MarkZ” Tuesday Morning Chat 12-3-2024

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 all. May you have a blessed day. Let this Holiday season be one filled with love, kindness and joy.

Member: Happy Tuesday

Member: Any RV updates overnight Mark?  Any new updates from bond contacts

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 all. May you have a blessed day. Let this Holiday season be one filled with love, kindness and joy.

Member: Happy Tuesday

Member: Any RV updates overnight Mark?  Any new updates from bond contacts

MZ: I have a number of confirmations with people on the ground in Iraq that they are seeing some lower denominations in Iraq. They are seeing $500’s and $250’s . they have suddenly released a large number of them into the market. They are functionally pretty useless right now.

MZ: With the current pricing right now of the dinar, the $250 dinar note is worth about .19 cents US. The $500 note is worth about .38 cents US. Why would they suddenly release into circulation so many of these bills?   Why do you need a bunch of notes only worth .19 Cents?   You don’t .

MZ: Doesn’t it make a great bridge … a functional currency when the rate changes? Suddenly it RVs and a $250 notes goes from .19 cents to (lets say ) $25.00? that is a massive change in value.

MZ: I have some pretty excited folks from Iraq who say “this is it” and now all they have to do is release the even smaller notes which they already have. This $250 note being released should have you all excited.

MemberL The 250 is a bridge for when it revalues…awesome news.

MZ: Yes its  functional bridge for when they change the value.

Member: Project to delete the 3 zeros must be close with more 250 and 500 dinar notes being released.

MZ: Exactly. There is no reason to release those notes unless a revaluation was happening soon. And they expect it to be done on or before Victory Day .

Member: I think they have a $50 and %100 dinar note already printed.

MZ: They have a “cut sheet” in banks and stores showing these. These bills were printed in 2018 by DelaRue. They have been preparing for this for many years.

Member: don’t forget the coins or “fils” already minted and ready to go.

Member: Hey Mark. if the federal reserve goes away what is the effect on the currency (fiat dollar) does it go away also?

MZ: If Mr. C’s is correct on what will happen –The Federal Reserve will get folded into the US Treasury. It goes away. Then they will exchange USN’s 1 to 1 for the fiat dollar . You will have a limited time to do it. Before fiat money becomes wallpaper.  

Member: Is Fed Now a CBDC?

MZ: Fed now is not a Central Bank Digital Currency. It’s a platform for moving money. It uses ledger technologies.

Member: You think we definitely do this RV thing before 12/10, my birthday is 12-12 and would love to celebrate before that day

MZ: There is a lot pointing to over the next 7 days to be across the finish line and done. We hope that is accurate.

Member: Iraq has a holiday on the 10th…Victory Day.

MZ: “On the occasion of Victory Day . official working hours will be suspended in Iraq next Tuesday”  They are celebrating the removal of Isis from their land…..It would be a great day to celebrate.

MZ: We have had a number of reports from inside the Iraqi government saying they plan to have the value raised by Victory Day. I really hope its accurate guys. Victory Day is a week from today.

MZ: “The Central Bank signs a memorandum of understanding with the European Union and Germany to strengthen the financial markets in Iraq.” This is big and clearly shows Iraq is International.

MZ: “Minister of Finance affirms the governments keenness to implement reforms to ensure the stability of the national economy.” Don’t you just love these articles?

Member: My local currency exchange is still selling Dinar and Dong.

Member: Do you think Iraq needs to change their rate this year….or can they wait to rv until 2025?

MZ: Theoretically they could wait….but wont be able to go much longer as they have a budget to fund, projects to start and people to pay. They keep promising the people they are about to get a rate so I think it’s a pretty slim chance.

Member: Several government departments , schools and health centers in Sulaimani and Halabja provinces have gone on strike as the civil servants and security personnel went unpaid for 2 months in Kurdistan.

Member: Chella Smith on Charlies show mentioned bad militias in Iraq are holding up the RV.

MZ: I was told from officials in Iraq that this is not true and those factions are moving out across the Syrian border

Member: South Korea's President just declared they are under martial law.

MZ: Yes that happened overnight. They say they are going to rebuild their democracy.

Member: Vietnam stands on the brink of significant economic growth, leveraging its memberships in the WTO and ASEAN to enhance global trade relations.

Member: We were CHOSEN to be here at this time...Have faith...Our day is coming...We will create our new beautiful earth together...Remember Unconditional Love & Peace

Member: I hope and pray this is our week

Member: I hope and pray you all have a fabulous and restful day today!

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=See1-aystic

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Iraq Economic News and Points to Ponder Tuesday AM 12-3-24

Government Communication To {Al-Sabah}: Electronic Payment Contributes To Strengthening The  Economy
 
Economical 12/03/2024  Baghdad: Hussein Thaghab  According to confirmation by the government outreach team, and amid continued support from Prime Minister Muhammad Shiaa Al-Sudani.
 
Economic benefits
 
According to the head of the government communication team, Ammar Moneim, to “Al-Sabah,”   
“Government support for electronic payment comes from Prime Minister Muhammad Shiaa Al-Sudani’s belief in the economic benefits it brings to the national economy, reviving it and pushing it forward.”  Menem stated that "the local market must adopt advanced financial transactions that make the money paths clear, transparent and secure.

Government Communication To {Al-Sabah}: Electronic Payment Contributes To Strengthening The  Economy
 
Economical 12/03/2024  Baghdad: Hussein Thaghab  According to confirmation by the government outreach team, and amid continued support from Prime Minister Muhammad Shiaa Al-Sudani.
 
Economic benefits
 
According to the head of the government communication team, Ammar Moneim, to “Al-Sabah,”   
“Government support for electronic payment comes from Prime Minister Muhammad Shiaa Al-Sudani’s belief in the economic benefits it brings to the national economy, reviving it and pushing it forward.”  Menem stated that "the local market must adopt advanced financial transactions that make the money paths clear, transparent and secure.

This approach has great benefits for the national economy and generates revenues."
 
Government decisions
 
As for the Executive Director of the Association of Private Banks, Ali Tariq, he told “Al-Sabah”:
 
“The development that Iraq witnessed in the field of electronic payment comes thanks to the government’s understanding of the reality of electronic payment in financial performance, as  
government decisions had a great and influential impact in expanding the circle of its adoption.”

 He pointed out that  "today there are about 800 government institutions that adopt electronic payment, as government instructions obligated it to be adopted with zero fees." He pointed out that
 
Financial movements
 
"electronic payment works to achieve results that serve the national economy, as it
 
     reduces the rates of financial corruption and
     avoids transactions in counterfeit currencies, in addition to
     documenting financial transactions and
     making them safer."
 
Confident steps
 
In turn, Ahmed Adel, director of the national awareness campaign to spread the culture of electronic payment, “Asfarlak,” said:
 
“The campaign is continuing with confident steps and on the ground to reach the largest segment within Iraqi society and inform them of the importance of electronic payment, as we work to organize direct events within human gatherings.”  He pointed out that
 
"there are challenges facing the campaign and its movement, but cooperation with the concerned authorities enabled the campaign management to overcome them and it became possible to be present in public places and reach all segments of society."
 

Financial transformation
 
As for the expert and economic consultant, Alaa Fahd, he said:  “The culture of electronic payment in Iraq is newly widespread as a result of the progress in global financial systems and the need for financial development of the engines of digital financial transformation.
 
This transformation requires changing the culture and belief of society, especially the simple popular classes who fear any measure.” “My money is far from cash.” He pointed out that "this requires awareness-raising media campaigns that promote this culture and market it to everyone, including the (Israfilak) campaign,
 
which was launched at the beginning of the digital transformation in Egypt, and recently was launched in Iraq within the first national campaign forum to spread culture," indicating that  the campaign explains "the importance of financial transformation." "electronic".  Fahd continued:
 
Financial security
 
“There is a gradual change in the culture of electronic payment with the government’s approach to this transformation, providing all facilities and confronting all challenges in order to spread the culture and believe in it from the point of view of benefit, as
 
it is (Isreflak) in terms of
 
     financial security,
     eliminating corruption,
     shortening time and efforts,
     ease of downloading, and
     getting rid of counterfeiting.” "And
 
this requires redoubling efforts to achieve full success."    https://alsabaah.iq/106629-.html   

The Central Bank Completes The Exam To Grant The Certified Branch Manager Certificate
 
December 02, 2024   The Center for Banking Studies, one of the formations of the Central Bank of Iraq, has completed an international examination, the first of its kind, to obtain the Certified Branch Manager (CBMcertificate from the Professional Development Institute (PDI), which is affiliated with the Institute of Accountants and Accounting Assistants (IAB).
 
64 branch managers from government and private banks participated as an initial stage to grant them this certificate after they completed a qualification course that would help them pass the exam.
 
This certificate is considered one of the professional certificates that supports the banking sector and enhances the efficiency of branch managers and develops their skills.

The Director General of the Studies Center said:
 
This qualifying course, followed by the exam, will
 
     help participants develop the basic concepts and principles of banking branch management and
 
prepare them to be equipped with the basic skills that branch managers must have through developing administrative, behavioral and professional skills,
 
     skills for dealing with customers, and
 
     understanding and developing sales skills.
 
     Banking and resolving problems with customers according to best practices, as well as
 
     building an effective complaints system.
 
It is worth noting that such international examinations give importance to the Iraqi banking sector and prepare it to keep pace with modernity and rely on the professional certificates of its staff.
 
The Center for Banking Studies also seeks to provide professional certificates in addition to this certificate to develop the banking and financial sector in Iraq within its training plans.
    
    Central Bank of Iraq      Media office      December 1, 2024   https://cbi.iq/news/view/2725   

It Does Not Remain “Just Attractive”... Iraq Wants To Invest Its Money “In Projects Abroad”
  2024-12-02 | 1,199 views  Alsumaria News-Economy  Today, Monday, a member of the Iraqi Parliament, Representative Ibtisam Al-Hilali, revealed  Iraqi plans to activate foreign investments, meaning that  Iraq will invest its surplus funds in projects abroad.

Al-Hilali said in an interview with Al-Sumaria News,  “Thanks to the good diplomatic relations established by the Sudanese government of Muhammad Shiaa with neighboring countries and the world,
economic relations have also improved,” noting that “there re large internal and external investments.”

She explained that  "internal investments serve the country by improving the environmental situation and infrastructure," indicating that "foreign investments have a financial and economic return for Iraq."

She confirmed that "we had a meeting with the French embassy to activate foreign investments," indicating that  "Iraq is a financially capable country that can invest its money in foreign investments to benefit the public benefit of Iraq and neighboring countries."
 
Questions have often been raised about the reason for Iraq investing its money in various sectors, including foreign sports sectors as well as technology, like other countries, which could lead to diverse financial returns with the lack of non-oil revenues in Iraq compared to oil revenues.     
https://www.alsumaria.tv/news/economy/508197/لا-يبقى-جاذبًا-فقط-العراق-يريد-استثمار-أمواله-بمشاريع-في-الخارج   

Central Bank Of Iraq Sells Over $285 Million In Currency Auction
02/12/2024  Mawazine News – Economy  The Central Bank of Iraq's dollar sales, on Monday, recorded more than $285 million during the currency auction.

The bank explained that the total sales amounted to $285 million, 603 thousand and 220, and were covered at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at the same rate for foreign transfers, while the cash exchange rate amounted to 1305 dinars per dollar.

Sales focused on strengthening balances abroad in the form of transfers and credits, which amounted to $280 million, 503 thousand and 220, which constitutes 98% of total sales, while cash sales amounted to only five million and 100 thousand dollars.

The bank indicated that one bank bought the dollar in cash, while 13 banks met requests to strengthen balances abroad, with the participation of 8 exchange companies in the auction. https://www.mawazin.net/Details.aspx?jimare=257098

Iraq Stock Exchange Index To Lead Arab Stock Markets In October 2024

Economy  | 02/12/2024  Mawazine News – Baghdad  The Arab Monetary Fund announced in its monthly report for October 2024 the distinguished performance of Arab financial markets, as the Iraq Stock Exchange topped the list of best performing markets during the month, recording a growth of 12.39%, ahead of the rest of the markets in the region.

According to the report, a copy of which was received by Mawazine News, "The Damascus Stock Exchange came in second place with a growth of 6.99%, while the Dubai and Amman stock exchanges witnessed an improvement of 1.94% and 1.35%, respectively. The Muscat, Bahrain and Kuwait stock exchanges also recorded slight increases of less than 1%."

In this context, the Chairman of the Securities Commission, Faisal Al-Haimus, stated: "This distinguished performance of the Iraq Stock Exchange reflects the positive developments in the local economic environment and the regulatory reforms implemented by the Commission to enhance the attractiveness of investment in the Iraqi financial market.

We will continue to work to provide a stable and transparent investment environment that enhances investor confidence and contributes to supporting the national economy."

Al-Haimas stressed that this achievement is an additional incentive to continue efforts aimed at developing the Iraqi financial market and enhancing its role as an engine of economic growth in Iraq.

https://www.mawazin.net/Details.aspx?jimare=257114

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

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-03-24

Good Morning Dinar Recaps,

HOUSE LAWMAKERS PROPOSE STUDIES ON AI IN FINANCIAL SERVICES, HOUSING

Top lawmakers in the United States introduced a bill that would require federal regulators to conduct studies on how artificial intelligence (AI) impacts the financial services and housing industries.

Congresswoman Maxine Waters introduced a bill directing several federal financial regulators to study the present and potential benefits and risks of AI in the two industries. It was co-sponsored by House Financial Services Committee Chair Patrick McHenry.

Good Morning Dinar Recaps,

HOUSE LAWMAKERS PROPOSE STUDIES ON AI IN FINANCIAL SERVICES, HOUSING

Top lawmakers in the United States introduced a bill that would require federal regulators to conduct studies on how artificial intelligence (AI) impacts the financial services and housing industries.

Congresswoman Maxine Waters introduced a bill directing several federal financial regulators to study the present and potential benefits and risks of AI in the two industries. It was co-sponsored by House Financial Services Committee Chair Patrick McHenry.

The  pair have also supported each other in a resolution acknowledging the increasing use of AI in the finance and housing markets, according to a Dec. 2. statement from the House Financial Services Committee.

Under the Waters-sponsored AI Act of 2024, key regulators like the Federal Reserve and the Federal Deposit Insurance Corporation would have to report how banks implement AI to detect and deter money laundering, cybercrime and fraud.

AI is already impacting mortgage lending and credit scoring, among other thingsWaters said, explaining the need for a more comprehensive AI reporting regulatory framework.

AI-powered research is also being used for market surveillance purposes and tenant screeningMcHenry’s resolution said.

McHenry added: “These bills are a small, but critical, step forward to empower the financial system to realize the numerous benefits artificial intelligence can offer for consumers, firms, and regulators.”

His resolution suggested the House Financial Services Committee should consider whether to reform privacy laws as data use becomes more AI-driven.

McHenry said he wants the US to remain a leader in AI development and utilization.

Waters and McHenry’s measures build on the House Committee’s Bipartisan AI Working Group, which was established on Jan. 11.

Republican members include French Hill, Young Kim, Mike Flood, Zach Nunn and Erin Houchin, while the Democrat members include Stephen Lynch, Sylvia Garcia, Sean Casten, Ayanna Pressley and Brittany Pettersen.

The group’s formation followed US President Joe Biden’s executive order on Oct. 30 to establish a “Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.”

@ Newshounds News™

Source:  CoinTelegraph

~~~~~~~~~

TRUMP’S SEC CHAIR SELECTION: PREDICTION MARKETS SIGNAL MAJOR REGULATORY CHANGES

These prediction markets show trader speculation, not confirmed plans. Paul Atkins leads in trading as a possible Trump’s SEC chair pick, with markets showing a 70% probability. Any appointment would follow the 2024 election results, but traders expect significant changes in financial market oversight.

How Trump’s SEC Chair Appointment Could Impact Crypto Regulation and Market Oversight

The race for the next possible SEC chair shows clear patterns in prediction markets. Here’s what current trading reveals:

Paul Atkins Emerges as Leading SEC Chair Candidate
Traders strongly back Atkins for Trump’s SEC chair position. His SEC commissioner experience and pro-innovation views match his 70% rating in prediction markets. His selection could bring major changes to crypto regulation approaches.

New SEC Chair Appointment Could Reshape Markets


Paul Atkins Emerges as Leading SEC Chair Candidate
Traders strongly back Atkins for Trump’s SEC chair position. His SEC commissioner experience and pro-innovation views match his 70% rating in prediction markets. His selection could bring major changes to crypto regulation approaches.

New SEC Chair Appointment Could Reshape Markets

Prediction markets suggest big changes if Trump picks a new SEC chair. Current market odds favor:

▪️Paul Atkins: Former SEC commissioner (70% chance)
▪️Brian Brooks: Crypto industry expert (20% chance)
▪️Hester Peirce: Current SEC commissioner (2% chance)


Crypto Regulation 2024 Faces Potential Overhaul
Traders believe crypto regulation in 2024 could change significantly. Markets suggest Atkins as SEC chair might ease current restrictions. His past work shows he supports innovation with reasonable oversight.

Market Trading Shows Strong Confidence
Over $503,418 in trading volume reveals high interest in the SEC chair position. Atkins’ probability has jumped from 25% to 70% since November, though these remain speculative bets.

Regulatory Framework Faces Possible Changes
Markets suggest a new SEC chair might change:

▪️How crypto is overseen
▪️Market rules
▪️Support for new ideas
▪️How rules are enforced


Prediction markets offer insights but can’t guarantee outcomes. Any SEC chair needs proper nomination and approval. Current trading shows what markets expect while acknowledging many factors could affect the final choice.

Trading patterns point to possible regulatory shifts, but all predictions remain speculative. The high trading volume shows strong market interest in potential SEC leadership changes, even as the actual appointment process awaits future developments.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

What's Driving XLM Price to OVERTAKE XRP - The Economic Ninja  |  Youtube

The Ninja compares XLM and XRP.


@ Newshounds News™

~~~~~~~~~

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Tuesday Morning “Tidbits From TNT” 12-3-2024

TNT:

Tishwash:  CBL to print 30 billion dinars in order to withdraw old banknotes

The Central Bank of Libya (CBL) has announced signing contracts to print 30 billion dinars to replace the old currency, saying the old banknotes will be withdrawn "smoothly" at a later-set date. 

This came during a meeting held by the Governor of the Central Bank, Naji Issa, to review the plan of the Central Bank of Libya to solve the problem of cash shortages.

During the meeting, it was agreed to raise the ceilings for immediate payment at the level of individuals and merchants to 20,000 dinars for a single transfer for individuals, and 100,000 for a single purchase transaction.

TNT:

Tishwash:  CBL to print 30 billion dinars in order to withdraw old banknotes

The Central Bank of Libya (CBL) has announced signing contracts to print 30 billion dinars to replace the old currency, saying the old banknotes will be withdrawn "smoothly" at a later-set date. 

This came during a meeting held by the Governor of the Central Bank, Naji Issa, to review the plan of the Central Bank of Libya to solve the problem of cash shortages.

During the meeting, it was agreed to raise the ceilings for immediate payment at the level of individuals and merchants to 20,000 dinars for a single transfer for individuals, and 100,000 for a single purchase transaction.

The Central Bank also revealed in the statement the launching of a new service for transfers between companies with a ceiling of one million dinars for a single transfer.

According to the statement, Issa ordered the directors of the departments concerned with the Central Bank of Libya, the liquidity team, and banks suffering from a liquidity shortage, to manage according to the plan approved by the Board of Directors to solve this problem gradually and radically starting from January 2025.

The Governor also stressed the need to improve and develop the infrastructure of banks in order to achieve the expansion of electronic payment services according to the prepared plan. link

Tishwash:  Securities Commission: Iraq Stock Exchange Leads Arab Stock Markets

The Securities Commission announced, today, Monday, the rise in the Iraq Stock Exchange index, while indicating that it topped the Arab financial markets in October 2024.

The Authority said in a statement received by the Iraqi News Agency (INA): "The Arab Monetary Fund mentioned in its monthly report for October 2024 the distinguished performance of Arab financial markets, as the Iraq Stock Exchange topped the list of best performing markets during the month, recording a growth of 12.39%, ahead of the rest of the markets in the region."

According to the report, the Damascus Stock Exchange came in second place with a growth of 6.99%, while the Dubai and Amman stock exchanges witnessed an improvement of 1.94% and 1.35%, respectively, while the Muscat, Bahrain and Kuwait stock exchanges recorded slight increases of less than 1%.

According to the statement, the Chairman of the Authority, Faisal Al-Haimus, confirmed that "this distinguished performance of the Iraq Stock Exchange reflects the positive developments in the local economic environment and the regulatory reforms implemented by the Authority to enhance the attractiveness of investment in the Iraqi financial market," noting that "we will continue to work to provide a stable and transparent investment environment that enhances confidence among investors and contributes to supporting the national economy." 

Al-Haimas stressed that "this achievement is an additional incentive to continue efforts aimed at developing the Iraqi financial market and enhancing its role as an engine of economic growth in Iraq." link

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

Tishwsh:  Ways you never thought of.. Judges reveal methods of smuggling hard currency

Several judges and legal experts spoke about the latest methods of smuggling dollars out of the country, pointing out that currency smugglers have developed their means and methods of smuggling money.

They explained in statements covered by (Al-Masry - Monday) that one of the latest methods that have been presented, in practical reality, is smuggling currency through prepaid electronic payment cards, where the accused agrees with ordinary citizens to issue payment cards in their names in exchange for small amounts that he gives them, then he fills the cards, carries them and takes them out of the country through airports and then withdraws the amounts in cash through ATMs in the countries to which he travels.

They continued, currency smugglers collect a large number of Key Cards and Visa Cards after filling them with national currencies and traveling with them outside Iraq.  link

***********

Tishwash:  Visa Launches Tap to Phone Technology in Iraq

In cooperation with the Moroccan Electronic Monetary Association

 Visa, a global leader in digital payments, has launched  “Tap   to Phone” technology in partnership with the Maghreb Electronic Money Association (S2M) to empower small and medium-sized businesses in Iraq with solutions to accept digital payments at a low cost.

The Maghreb Electronic Money Association’s Mobile Tap solution, which uses Visa’s Tap to Phone technology, enables merchants using Near Field Communication (NFC)-enabled Android devices to accept contactless payments simply by downloading a dedicated app. The collaboration aims to revolutionize the payments landscape by enabling merchants to seamlessly accept payments using their smartphones without the need for additional hardware investment.

“We are delighted to partner with the Maghreb Electronic Money Association to launch Tap to Phone in Iraq. This strategic collaboration is in line with our commitment to enhance financial inclusion for small businesses by providing digital payments capabilities at a lower cost,” said Leila Serhan , Vice Chairman and Regional Head of Corporate Business Leadership for North Africa, Levant and Pakistan at Visa.

This innovative solution enables retail outlets to develop and improve the payment experience for consumers. Service staff at store fronts can support consumers to make payments easily without having to stand in queues at the cashier, which means a better customer experience.”

Mobile Tap provides SMEs with the option to accept digital payments at a lower cost, paving the way for greater participation in the digital economy. This innovative approach eliminates the need for traditional POS terminals and can help facilitate a better consumer experience in payments. The solution provides merchants and customers with greater convenience and flexibility during transactions.

The Mobile Tap service empowerment reflects S2M ’s unwavering commitment to empowering merchants through innovative software and technology, significantly enhancing the commerce experience for all. “This strategic alliance presents a great opportunity to elevate the level of digital payment solutions available and promote financial inclusion across Iraq, ensuring that all consumers and merchants can participate and thrive. Over the past decade, we have witnessed the incredible potential for innovation and growth within the Iraqi market, and we are committed to supporting its dynamic payments ecosystem,” said Mohamed Amarti Rifi, S2M Executive Vice President.

As a network that works for everyone, everywhere, Visa’s mission is to advance digital commerce for the benefit of consumers, businesses and economies across Iraq. This strategic collaboration aligns with Visa’s goal of enabling more payment acceptance points using cutting-edge technologies such as Tap to Phone to support small businesses with digital payments capabilities at a lower cost. link

Mot:  .. Not Something You See Every Day!!!! 

"Dad gassing up in Eureka Roadhouse, Alaska. Only in Alaska." -- Briana Brumley

Mot:  Losing car in parking lot 

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MilitiaMan & Crew-Iraq Dinar News-CBI Gov Monetary Position Excellent-Stop Gov Loans-Private Sector Stage is Set

MilitiaMan & Crew-Iraq Dinar News-CBI Gov Monetary Position Excellent-Stop Gov Loans-Private Sector Stage is Set

12-2-2024

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

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

MilitiaMan & Crew-Iraq Dinar News-CBI Gov Monetary Position Excellent-Stop Gov Loans-Private Sector Stage is Set

12-2-2024

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=vxpMQR4bSzc

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

How Much Money Can I Give Without Worrying About Taxes?

How Much Money Can I Give Without Worrying About Taxes?

Eric Reed   SmartAsset  Sun, December 1, 2024

How Much Money Can I Give My Daughter and Her Husband Without Worrying About Taxes?

Perhaps your daughter recently got married and you want to help her and her husband start their new life. Or maybe they suddenly find themselves in need of financial assistance and turn to you for help.

Fortunately, the IRS allows you to give away a certain amount of assets – from real estate and stocks to cold hard cash – free of taxes every year. In 2024, you can give away up to $18,000 per individual and not have to pay taxes on the transfer. In fact, you’ll only trigger taxes in 2024 if you’ve given away more than $13.61 million throughout your life beyond that annual exclusion. In 2025, those limits are set to change.

How Much Money Can I Give Without Worrying About Taxes?

Eric Reed   SmartAsset  Sun, December 1, 2024

How Much Money Can I Give My Daughter and Her Husband Without Worrying About Taxes?

Perhaps your daughter recently got married and you want to help her and her husband start their new life. Or maybe they suddenly find themselves in need of financial assistance and turn to you for help.

Fortunately, the IRS allows you to give away a certain amount of assets – from real estate and stocks to cold hard cash – free of taxes every year. In 2024, you can give away up to $18,000 per individual and not have to pay taxes on the transfer. In fact, you’ll only trigger taxes in 2024 if you’ve given away more than $13.61 million throughout your life beyond that annual exclusion. In 2025, those limits are set to change.

Understanding the ins and outs of strategic gifting can be important, especially for the wealthy. Speak with a financial advisor today.

What Is The Gift Tax?

A gift is any unilateral transfer of money or property. This means that you give someone assets without receiving either fair value or any value in return. The term “fair value” applies to when you give someone an asset in exchange for payment significantly below its market price. It applies to any kind of transaction so, for example, giving someone real estate, a low-interest loan or access to an income stream would all apply. The classic gift is to simply give someone cash while receiving nothing in return.

There are several exceptions to what the IRS considers a taxable gift. For example, money given to a claimed dependent does not constitute a gift, nor does paying someone’s tuition. However, outside defined exceptions, any unilateral or below-market transfer is considered a gift.

When you make someone a large enough gift, it becomes taxable. The IRS taxes applicable gifts at between 18% and 40% depending on the size of the transfer. You, as the gift giver, pay this tax. Due to the gift tax’s exemptions, it also generally applies only to the very wealthy. But if you need additional help navigating and planning for the gift tax, consider working with a financial advisor.

Gift Tax Exemption

Broadly speaking, the purpose of the gift tax is to prevent people from avoiding estate taxes by simply giving away all their money before they die. As a result, the gift tax only applies to transfers that exceed two fairly high caps.

The first cap is called the annual exclusion. This is the amount of money that you can give away every year without triggering the tax. The annual exclusion is set on a per-recipient basis, meaning that it applies separately to each person to whom you give a gift, and there is no limit to the number of people you can give gifts to under this exemption. In 2024, the annual exclusion limit was $18,000 for individuals and $36,000 for married couples. In 2025, it increases to $19,000 and $38,000, respectively.

The second cap is called the lifetime exemption. This is the amount of money that you can give away throughout your lifetime – and after your death – without triggering either gift or estate taxes. The lifetime exemption is set on a per-donor basis, meaning that all of your gifts/estate collectively apply.

TO READ MORE:  https://finance.yahoo.com/news/want-money-daughter-son-law-122000156.html

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Economics, Gold and Silver, News DINARRECAPS8 Economics, Gold and Silver, News DINARRECAPS8

Seeds of Wisdom RV and Economic Updates Monday Evening 12-02-24

Good Evening Dinar Recaps,

BASEL FIGURES: AMERICAN BANKS ENABLED $201 BILLION IN CLIENT CRYPTO EXPOSURES IN 2023

This week the Basel Committee on Banking Supervision published Basel III monitoring statistics for December 2023, including crypto-asset exposures. Given this was before the launch of US Bitcoin ETFs, the data is a little stale. 

However, they already show significant growth in American banks providing crypto services to clientsThe statistics repeat the patterns of the previous period.

Good Evening Dinar Recaps,

BASEL FIGURES: AMERICAN BANKS ENABLED $201 BILLION IN CLIENT CRYPTO EXPOSURES IN 2023

This week the Basel Committee on Banking Supervision published Basel III monitoring statistics for December 2023, including crypto-asset exposures. Given this was before the launch of US Bitcoin ETFs, the data is a little stale. 

However, they already show significant growth in American banks providing crypto services to clientsThe statistics repeat the patterns of the previous period.

In particular, the Americas are almost entirely absent from the crypto custody spacelargely because of the SEC’s SAB 121 accounting rulewhich makes it prohibitive for banks to provide custody. That’s already relaxing and will likely be dropped altogether by the incoming Trump administration. 

n the second half of 2023, assets under custody in Europe grew by 49% to €5.5 billion ($5.8bn) compared to the first half. At a global level, 94% of custody was for spot crypto rather than tokenized assets or ETPs.

When it comes to enabling client exposures, the roles are completely reversedThe Americas dominate providing 98% of services. The figures are on a different scale, with American banks enabling €190 billion ($201 billion) of client exposures.

American banks also substantially increased their own exposures – by almost four times, albeit from a small base. 2023 year end prudential exposures amounted to €531 million.

While APAC is viewed as a promising growth sectorby the end of 2023 it still lagged far behind. However, the figures depend on which banks are included in the dataset.

Of the four banks reporting in the ‘rest of world’ category, none reported any client crypto exposures. The banks’ own exposures were down 20% to a negligible €261 million with custody at €836 million. A lot of legislative changes have happened this year, so next year’s figures could be more interesting.

The statistics cover a total of 31 banks globally.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

RIPPLE NEWS : WISDOMTREE SUBMITS XRP ETF S-1 APPLICATION WITH THE US SEC

▪️WisdomTree Files for XRP ETF: WisdomTree Digital submits S-1 filing for an XRP ETF, marking growing institutional interest in Ripple's cryptocurrency.

▪️XRP Demand Surge: XRP's market value rises as institutional investors, including 21Shares and Bitwise, file for XRP ETFs amid U.S. regulatory clarity.


Last week, WisdomTree Digital Commodity Services, LLC, a subsidiary of a prominent New York-based asset management firm with over $113 billion in AUM, filed for an XRP exchange-traded fund (ETF) with Delaware authorities. Earlier today, the investment firm submitted to the Securities and Exchange Commission (SEC) the S-1 filing for the WisdomTree XRP Fund.

According to the SEC filings, the WisdomTree XRP Fund will tap into the Bank of New York Mellon (BNYM) as the trustee, fund accountant, and transfer agent.

However, the prospectus for the WisdomTree XRP Fund did not reveal the ticker that will be listed on the Cboe BZX Exchange, thus indicating several updates of the filings will take place in the near term.

Growing Interest in XRP Among Institutional Investors
As Coinpedia previously reported, the demand for XRP among institutional investors has significantly grown following the anticipated crypto policy implementation in the United States. 

In addition to WisdomTree, several other fund managers have filed to offer a spot XRP ETF to prospective investors to help diversify their crypto portfolios.

For instance, asset management firm 21Shares recently fueled for a spot XRP ETF. Additionally, Bitwise, Grayscale Investments, and Canary Capital have all filed for a similar product.

As a resultit is evident that the demand for XRP among institutional investors is exponentially growing amid regulatory clarity in the United States.

Market Impact
The direct impact of the high demand for XRP among institutional investors is visible on the rising market value. The large-cap altcoin, with a fully diluted valuation of about $240 billion, overtook Solana (SOL) and Binance (BNB) to become the third largest crypto asset, excluding stablecoins.

After more than six years of consolidation, XRP price is well positioned to enter its discovery phase of the macro bull cycle in the coming months.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

THE EASY WAY TO GROW YOUR WEALTH WITH XRP IN JUST 30 DAYS  |  Youtube

@ Newshounds News™

Source:  
Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Today is Giving Tuesday, Celebrated in 90 Countries!

Today is Giving Tuesday, Celebrated in 90 Countries!

The Dinar Recaps Team believes in giving back to the helpers who make our world a better place, one community at a time. Nonprofit (NPO) and Nongovernmental (NGO) organizations work on the front lines every day, to make a difference for those in need, to celebrate arts, culture, healthy living, and education for all, among many other causes.

This year, Dinar Recaps has chosen Rise and Share (an IRS-recognized 501(c)(3) charity) as our 2024 Giving Tuesday charity of choice!

As a charitable organization that serves other nonprofits, all donations to Rise and Share will support their expansion campaign to serve 100 additional nonprofits by the end of 2025. A gift to Rise and Share is a great choice for our readers who care about multiple causes, from animal welfare to youth service, from chronic illness to the arts, from the military to programs for the aging and in underserved communities.

Today is Giving Tuesday, Celebrated in 90 Countries!

The Dinar Recaps Team believes in giving back to the helpers who make our world a better place, one community at a time. Nonprofit (NPO) and Nongovernmental (NGO) organizations work on the front lines every day, to make a difference for those in need, to celebrate arts, culture, healthy living, and education for all, among many other causes.

This year, Dinar Recaps has chosen Rise and Share (an IRS-recognized 501(c)(3) charity) as our 2024 Giving Tuesday charity of choice!

As a charitable organization that serves other nonprofits, all donations to Rise and Share will support their expansion campaign to serve 100 additional nonprofits by the end of 2025. A gift to Rise and Share is a great choice for our readers who care about multiple causes, from animal welfare to youth service, from chronic illness to the arts, from the military to programs for the aging and in underserved communities.

To maximize a matching gift offer from an anonymous donor, we humbly invite our Dinar Recaps family to join us in supporting Rise and Share this Giving Tuesday. Any donation, no matter how small or large, is invaluable and very much appreciated. And to keep you updated on cause-related news, look for #GivingEveryTuesday posts throughout the new year. Donations may be made at this link: CLICK HERE (or use this QR code on your phone.)

While we wait... let’s think about other ways each of us can help in our local communities, volunteering or donating goods and funds, sharing our talents and championing the causes we care about.

What is Giving Tuesday?

GivingTuesday is a global generosity movement that unleashes the power of radical generosity around the world.

GivingTuesday was created in 2012 as a simple idea: a day that encourages people to do good. Over the past nine years, this idea has grown into a global movement that inspires hundreds of millions of people to give, collaborate, and celebrate generosity.

GivingTuesday strives to build a world in which the catalytic power of generosity is at the heart of the society we build together, unlocking dignity, opportunity, and equity around the globe.

GivingTuesday’s global network collaborates year-round to inspire generosity around the world, with a common mission to build a world where generosity is part of everyday life.

What is radical generosity?

While many call on philanthropists, policymakers and grantmakers to repair broken systems, GivingTuesday recognizes that we each can drive an enormous amount of positive change by rooting our everyday actions, decisions and behavior in radical generosity—the concept that the suffering of others should be as intolerable to us as our own suffering. Radical generosity invites people in to give what they can to create systemic change.

When is Giving Tuesday?

Every day, although the annual celebration event will take place this year on December 3, 2024!

Who organizes GivingTuesday?

GivingTuesday is an independent nonprofit organization that is dedicated to unleashing the power of people and organizations to transform their communities and the world. The movement is organized in partnership with GivingTuesday’s global network of leaders, partners, communities and generous individuals.

Giving Tuesday’s ultimate goal is to create a more just and generous world, one where generosity is at the heart of the society we build together, unlocking dignity, opportunity, and equity around the globe.

What is a GivingTuesday COUNTRY movement?

GivingTuesday is hosted in 90 countries by leaders who are passionate about growing radical generosity. They rally nonprofits, businesses, and individuals throughout their countries. To get involved in GivingTuesday in your country, CLICK HERE https://www.givingtuesday.org/global/.

What is a GivingTuesday COMMUNITY movement?

GivingTuesday Communities come together around a common geography (e.g., city, state, region) or issue area (e.g., Military, Women/Girls) to collaborate, innovate, transform, and inspire their communities to make a difference. These Community campaigns find creative ways to mobilize their networks, host volunteer events, raise funds for their local nonprofits, spark waves of kindness, and much more. CLICK HERE to find and connect with a local GivingTuesday community group where you live.

Who can participate?

Everyone! GivingTuesday has been built by a broad coalition of partners, including individuals, families, nonprofits, schools, religious organizations, small businesses and corporations. There are people and organizations participating in GivingTuesday in every country in the world.

Participating in GivingTuesday is about joining a movement for generosity, and there are so many ways to do that. Whether you give your voice, goods, your time, or your money, being generous is a way to fight for the causes you care about and help people in need.

What do you do on GivingTuesday?

On GivingTuesday, millions of people all around the world, use their power of radical generosity to change the world. They volunteer at homeless shelters, organize food drives, fill their community fridges, donate to mutual aid funds, spread messages of solidarity and hope.

Here are some ideas you might consider:

·      Give your voice to a cause that matters to you - sign and share a petition, send an email to your elected officials

·      Volunteer virtually or share your talents

·      Give your voice to a cause that matters to you

·      Discover a local fundraiser, community drive or coordinated event to join others in your area or with your same interests in giving back — they need your help.

·      Give to your favorite cause or a fundraiser to help those in need.

·      Talk about giving and generosity using the hashtag #GivingTuesday - share local organizations doing good on your social media pages

So, how will YOU spread radical generosity in your community? Tell us in the comments below!

Share this post with your contacts to spread the word about GivingTuesday!!

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