Economics, Chats and Rumors Dinar Recaps 20 Economics, Chats and Rumors Dinar Recaps 20

News, Rumors and Opinions Tuesday 12-10-2024

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. 10 Dec. 2024

Compiled Tues. 10 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note:
WARNING Scammers are everywhere. It is my understanding that:

(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.

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. 10 Dec. 2024

Compiled Tues. 10 Dec. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Judy Note:
WARNING Scammers are everywhere. It is my understanding that:

(1) If you don’t presently physically hold currency or bonds, you don’t own them. Do not give your bonds or currency to anyone else to redeem. You are the only one who can exchange and redeem them. If you have a problem in doing that, ask the person you talk to when you set your appointment to help work out the problem.

(2) Do not exchange your currency at a bank. They will not give you the higher rates, nor the Contract Rates that a Redemption Center was authorized to give you.

(3) The Zim can only be(allegedly)  redeemed at a Redemption Center, not at a bank.

(4) Some Redemption Centers are located in private banks, but make sure it is a Redemption Center where you do your business.

Fri. 6 Dec. 2024 TNT Intel Summary: Bank meetings today to discuss final aspects of RV. Three Letter Agencies say “IT’S DONE.” US and Canada started p(allegedly) aying VIPs on Wed. 4 Dec, Thurs. 5 Dec, and today Fri. 6 Dec. The Iraqi Dinar (allegedly) being paid right now at $3.49 in-country.

Sat. 7 Dec. 2024: Rumor was that Vietnam had revalued their Dong in-country.

Sun. 8 Dec. 2024: Four day Victory Celebration (allegedly) begins in Iraq from Sun. 8 Dec. to Wed. 12th Dec. 2024. …Britt Vibes on Telegram posted by Wolverine

~~~~~~~~~~

Mon. 9 Dec. 2024 Wolverine on Cash Release Codes:

The rescue of financial instruments has begun. The launch of the Global Fund has just (allegedly) taken place everywhere in the world, marking the beginning of the global asset rescue program registered in Redemption.

Officially (allegedly) launched an hour ago, this is fantastic news for all beneficiaries. Tens of thousands of transactions around the world can now start paying.

Tomorrow Tues. 10 Dec. 2024 will be (allegedly) opera time.

The Admiral in Reno(allegedly)  gave the green light and Reno has (allegedly) begun.

The Whales are (allegedly) getting paid. Everyone else (allegedly) goes on Mondays and Tuesdays. The Whales are at the level right in front of us!

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

Global Financial Crisis:

Mon. 9 Dec. 2024 Financial Dominoes Falling – Banks Facing “Mysterious Failures” …Carolyn Bessette Kennedy on Telegram

Since October 2024, banks across select regions have been plagued by so-called “technical failures.” Account balances mysteriously fluctuate, transactions are frozen, and fund transfers grind to a halt. Coincidence? Think again.

These aren’t random glitches—they’re the first tremors of a seismic shift in the financial world. The Quantum Financial System (QFS) is (allegedly) running in stealth mode, silently dismantling the traditional banking systems that have enslaved humanity for decades.

As QFS operates alongside legacy systems, it (allegedly) exposes every fraudulent transaction, every artificially inflated scheme, and every hidden dollar. The cracks in their façade are no longer avoidable—the corruption is being laid bare in real time.

Inside the banking halls of the Cabal, chaos reigns. Executives are scrambling, (allegedly) feeding the public lies about “system upgrades” and “technical issues,” but the truth is too big to hide: QFS is watching. It’s auditing every move, tracking every shadowy scheme, and unveiling the manipulation they thought was safe.

This isn’t just a few glitches—it’s the Cabal’s worst nightmare. For years, they’ve siphoned off trillions, created artificial shortages, and tightened their grip on the global economy. But the QFS is a system they cannot bribe, hack, or control. It (allegedly) sees everything.

Behind closed doors, the elites are terrified. They know the Quantum Financial System isn’t just exposing them—it’s preparing to obliterate their entire structure. Their empires of stolen wealth, built on lies and deceit, are crumbling.

The storm is here. These “technical issues” are not mistakes—they’re the beginning of the end for the financial s***e system. Every time you see another “bank outage,” remember: this is the sound of the dominoes falling.

What happens when the public learns the truth? When they realize the banks weren’t just inefficient but were actively working against them? The answer is revolution.

Spread this message far and wide. The Cabal’s financial system is (allegedly) dying, and the Quantum Era is rising. We are on the brink of global liberation, and you are witnessing history in the making.

Read full post here:  https://dinarchronicles.com/2024/12/10/restored-republic-via-a-gcr-update-as-of-december-10-2024/

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

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

MarkZ   [via PDK]  Question:  I’m just curious “what if” parliament doesn’t sign off before the 10th?  MarkZ:  If they don’t make it - I’m still sticking around until they do...  I still think we could see the RV before Christmas. Possibly in the next few days. Worst case scenario – by the end of January….

Frank26   [When talking to a bank wealth manager/private banker] Don't push, 'I got dinars!'...Talk on the same level because she knows now what you know...'These are the facts and this is what I want to know'...You want to ask them, what is your fee you're going to charge me to exchange my currency at your bank...Two, what type of insurance do you have because FDIC only covers me for $250,000.  Do you have supplemental insurance?  ...Next thing you want to know is how are you going to be able to get your money out? ...What is the procedure for you to withdraw?  Can you only withdraw $10,000 per week? Per day?  What are my limitations?  If I want physical cash, not electronic, how much can I take out?  What are my limitations?  ...Do you have lawyers...CPA... bookkeepers...IRS agent?  ...Would your lawyers be able to help you set up trust funds...?  I want to protect my money.

Recession & 2nd Inflation Wave Coming in 2025 | Gareth Soloway

Liberty and Finance:  12-10-2024

Gareth Soloway discusses his outlook for inflation, the economy, and the financial markets, warning that inflation could pick up again in 2025.

Soloway explains that while inflation seems under control for now, pressures from food prices, tariffs, and government spending could trigger another wave of inflation, potentially leading to stagflation if the economy slips into a recession.

He also shares his technical analysis on Bitcoin, predicting potential corrections but maintaining a long-term bullish stance, while being cautious of its short-term overbought conditions.

On the stock market, Soloway remains bearish, citing stretched valuations and the risk of a downturn, with the possibility of a 7-10% correction. He concludes with insights on precious metals, suggesting gold and silver could see long-term gains, but cautioning about short-term volatility as investors continue to weigh economic uncertainties.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Bitcoin

5:26 Gold

 8:52 Silver

10:20 Stock market

16:27 Inflation

20:09 Verified Investing

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

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MarkZ, Chats and Rumors Dinar Recaps 20 MarkZ, Chats and Rumors Dinar Recaps 20

Coffee with MarkZ second attempt. 12/10/2024 (Had technical difficulties)

Coffee with MarkZ second attempt. 12/10/2024 (Had technical difficulties)

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 Mark, Mods and Members…….. Thanks for the restart!

Member: Happy Victory Day to all those in Iraq

Coffee with MarkZ second attempt. 12/10/2024 (Had technical difficulties)

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 Mark, Mods and Members…….. Thanks for the restart!

Member: Happy Victory Day to all those in Iraq

Member: GM Mark, it's 6 pm in Iraq now....I thought maybe we'd hear the new rate today

MZ: Let’s get into it.  “Central Bank sales exceed $5 billion in a month”  This is where they are spending US dollars to buy dinar. This takes enormous amounts out of circulation.

MZ: “Iran abandons Iraqi factions : Does this mean the end of Iranian influence in Iraq?” Cease fire talks are gaining momentum.

MZ: “Iran warns of possibility of attacking Iraq with 11,000 Isis elements training in Syria” they are worried about it.

Member: Mark what is your gut feeling of the RV. With all the dates coming and going will we ever reach the point to exchange in our lifetime

MZ: Bonds very much appear to be off “stuck” ……From a number of paymasters-suddenly- in the wee hours there is a massive movement to move M-0 funds. This is money that has been outside of the system for a long time. I am hearing there was a mass movement in the middle of the night from a number of sources…to move these off balance sheet assets onto the books so they can cover and pay those bonds.

MZ: There are a number of bond contacts who are looking to receive all of their dollars over the next week. We suddenly got off “stuck” .

MZ: This means we could soon get our announcement….it could be today. Things just got very exciting on that front.

MZ: They are taking massive amounts that were “off sheet” assets now going into the M1/M2 or spendable dollars to cover these assets. This is huge and I have never been this excited.

Member: HUGE NEWS MARK!

MZ: I will be trying to chase down anyone today who may have funds….

Member: There's been massive layoffs in BOA and WELLS FARGO. I wonder-  Is this in correlation with the RV and the new system?

MZ: I am keeping this one short as afraid of more technical difficulties…..hopefully I will have more time this evening.

Member: Thanks so much Mark- really appreciate you sharing this good news.

​​Member: I am so ready to have a big fat juicy ribeye to celebrate this being finished. Who's with me;

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

Mod: BYE ALL! GOOD THINGS ARE ON THE WAY!

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=Iqg8rwKU3sU

 

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-10-24

Good Morning Dinar Recaps,

ARGENTINA ALLOWS U.S. CRYPTO ETFS TO ENTER THE LOCAL MARKET

Argentina’s financial regulator allowed foreign crypto-related products from the United States to enter the local market, which will unlock the inflow from overseas.

The board directors of Argentina‘s securities regulator, Comisión Nacional de Valores (CNV), announced that the U.S. exchange-traded fund (ETF), including crypto-related ETFs, are now available in the country.

Good Morning Dinar Recaps,

ARGENTINA ALLOWS U.S. CRYPTO ETFS TO ENTER THE LOCAL MARKET

Argentina’s financial regulator allowed foreign crypto-related products from the United States to enter the local market, which will unlock the inflow from overseas.

The board directors of Argentina‘s securities regulator, Comisión Nacional de Valores (CNV), announced that the U.S. exchange-traded fund (ETF), including crypto-related ETFs, are now available in the country.

Under CEDEAR’s program, which is regulated by RG No. 1030, Bitcoin spot ETF and Ethereum spot ETF will be released and ready to trade. This product was prohibited under Law No. 27440 for 6 years.

“it is a pleasure to announce these first approvals, which constitute new investment options provided for in this very innovative law,”  CNV’s president Roberto E. Silva, on official statement.

Although details on which Bitcoin ETF issuer would be allowed to enter the country are not provided, the commission is opening the door for digital asset investment through the capital market.

In the same document, CNV also announced that gold ETFs are allowed to enter the capital market with the GLD ticker, as well as the S&P 500 index. Chinese stock market indexes with FXI ticker were also introduced.

The regulators hope that these innovations of law could boost passive management indices, commodities, and digital assets, which are listed abroad and not publicly offered around the territory.

Argentina’s public Bitcoin mining

Argentina, one of the countries in Latin America that allow Bitcoin for transactions, publicly showcases Bitcoin mining, which is powered by the Central Bank of Argentina (BCRA).

This Bitcoin mining installation symbolises support from the government and embraces the future of digital money through cryptocurrency. This was the first central bank to showcase Bitcoin mining.

An aggressive move is part of Argentina’s President Javier Milei’s vision to fight against hyperinflationwhich skyrocketed to almost 300% in April 2024and to drive the digital economy in the country. Since then, according to Trading Economics, the inflation rate has gradually decreased to under 200% in less than a year.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

UAE’S CENTRAL BANK APPROVES FIRST AED-BACKED STABLECOIN

The first AED-backed stablecoin has received approval from the UAE’s central bank. This marks a key change in the country’s digital currency system. The UAE central bank’s move strengthens cryptocurrency regulations and sets new rules for digital currency and stablecoin approval.

This step makes crypto transactions safer and more stable.  This stablecoin approval shows the UAE’s push toward digital currency growth.

How UAE’s First AED-Backed Stablecoin Addresses Cryptocurrency Challenges

AE Coin Launch and Implementation

AE Coin got the first license to create a UAE Dirham-linked stablecoin under new payment rulesOne AE Coin equals one dirham, making it a stable payment optionRamez Rafeek, General Manager of AED’s stablecoin, says:

“AE Coin harnesses the speed and efficiency of blockchain technology, offering instant, secure, and cost-effective transactions. It simplifies transfers, making them faster and more seamless. In a rapidly evolving digital world, AE Coin sets a new standard for trust, security, and innovation in digital currency.”

Market Growth and Transaction Patterns

UAE’s stablecoin market grew to US$9.8 billion in early 2024, up 55% from 2023. Stablecoins lead with 51% of crypto activity, more than Bitcoin and Ether combined. This growth shows trust in cryptocurrency regulations and digital money systems.

Retail and Institutional Adoption

Small transfers make up 93% of all transactions, but big institutions move most of the money. Business and institutional trades account for 74% of all value moved. The AED-backed stablecoin will likely boost these numbers by offering a safe, regulated platform.

Future Developments and Market Impact

More stablecoins are coming to UAE. Tether plans to launch its AED-backed coin in early 2025 with Green Arcon Investments Ltd and Phoenix Group PLC. This makes UAE a stronger digital currency center. The UAE central bank’s rules ensure these new tools are safe and stable.

Integration with Financial Services

The new stablecoin will change online shopping, money transfers, and decentralized finance. It gives companies and people modern banking tools while keeping traditional currency stability through cryptocurrency regulations.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

DO YOU NEED A TRUST TO EXCHANGE CURRENCY  |  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 Seeds of Wisdom Team™ Newsletter

Thank you Dinar Recaps

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What Is A SIM Swap Attack & How You Can Protect Yourself

What Is A SIM Swap Attack & How You Can Protect Yourself

California man says he lost $38,000 — money meant for his mom — to a SIM swap scam. Here's how you can protect yourself

Danielle Antosz Mon, December 9, 2024 Moneywise

Justin Chan of Carlsbad, California, says a hacker drained $38,000 from his bank account after his phone number was compromised in a SIM swapping scam — and he’s not sure he’ll get the money back.

“This could happen to anybody,” he told ABC 10 News in a story broadcast Nov. 25.

What Is A SIM Swap Attack & How You Can Protect Yourself

California man says he lost $38,000 — money meant for his mom — to a SIM swap scam. Here's how you can protect yourself

Danielle Antosz Mon, December 9, 2024 Moneywise

Justin Chan of Carlsbad, California, says a hacker drained $38,000 from his bank account after his phone number was compromised in a SIM swapping scam — and he’s not sure he’ll get the money back.

“This could happen to anybody,” he told ABC 10 News in a story broadcast Nov. 25.

One night in September, Chan says he started receiving odd notifications on his phone and realized it was no longer connected to his cellular network. There were no bars and he was unable to send or receive calls. He now believes he was a victim of SIM swapping, a scam in which criminals take over your phone number.

Access to his cell service wasn’t the only thing Chan says he lost. A letter shared with ABC 10 News shows three wire transfers totaling $38,000 from a Bank of America account.

“I’ve never wired money out of Bank of America,” he said. “It’s just been money that’s been sitting there waiting for my mom to use as rent, as funds, as food, as utility payments.”

The bank initially denied his fraud claim, Chan says, and he’s worried he may never be able to recover the funds.

What Is A SIM Swap Attack?

A SIM swap is a type of fraud where scammers trick a mobile carrier into transferring a victim’s phone number to a device they control. This can be done by calling the company and impersonating the victim, which Chan claims happened to him.

“I told them that, ‘This is not me. Why did you switch the phone line over?’ And they basically said, ‘We have verification.’ And I asked them, ‘What kind of verification did you have?’ And they said, ‘We had the last four digits of your credit card.’ And I thought, ‘That was not me, and why would you do that?’” Chan said.

Once fraudsters gain control of a person’s phone number, they can intercept calls and texts, including two-factor authentication codes, which can give them access to a victim’s financial accounts. This scam often coincides with gathering a victim's personal details, which are used to help gain access to accounts.

TO READ MORE: https://www.yahoo.com/finance/news/california-man-says-lost-38-184500361.html

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

“Tidbits From TNT” Tuesday Morning 12-10-2024

TNT:

Tishwash:  UN Mission: Iraq has proven to the world that it is capable of overcoming challenges and building the future

The United Nations Assistance Mission for Iraq (UNAMI) confirmed today, Monday, that Iraq has proven to the world that it is capable of overcoming challenges and creating the future.

The mission stated in a statement issued on the occasion of Victory Day in Iraq, and received by the Iraqi News Agency (INA): "On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS. This day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland."

TNT:

Tishwash:  UN Mission: Iraq has proven to the world that it is capable of overcoming challenges and building the future

The United Nations Assistance Mission for Iraq (UNAMI) confirmed today, Monday, that Iraq has proven to the world that it is capable of overcoming challenges and creating the future.

The mission stated in a statement issued on the occasion of Victory Day in Iraq, and received by the Iraqi News Agency (INA): "On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS. This day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland."

It added, "Victory Day, in addition to being an occasion for heartfelt congratulations, comes to emphasize the need to preserve the gains achieved thanks to the efforts of everyone here in Iraq in addition to their partners from around the world. It also represents a call for everyone to strengthen national unity and joint action for a strong Iraq capable of facing challenges and free from the tensions and conflicts that plague the region."

She continued, "On this occasion, we also appreciate the achievements made since the field victory over terrorism, and we call for continued work to rid Iraq not only of the remnants of ISIS, but also of all forms of extremism and fanaticism. We look forward to an Iraq in which everyone enjoys security, peace, respect for human rights and the rule of law, and to turning the pages of the painful past forever by promoting national reconciliation in a way that ensures the preservation of gains, focusing on what unites the word and unifies the ranks, and avoiding areas of division and division, including controversial topics that do not contribute to strengthening the unity of the fabric of society and the cohesion of its components."

She indicated that "our great hope is that the joy of victory will be complete with the return of all those forcibly displaced due to this conflict to their homes with dignity and safety and when all Iraqi citizens are returned from Al-Hol camp in northeastern Syria and integrated into society."

"In this context, we appreciate the great efforts made by the Iraqi government, with the support of the UNAMI mission and the team of United Nations organizations working in Iraq, in these files in particular," she added, noting that "the United Nations renews on this occasion its full support for Iraq, government and people, in restoring sovereignty and full control over its territories and achieving stability and sustainable development."

The mission concluded its statement by saying, "Iraq has proven to the world that it is capable, with the solidarity of its people, of overcoming challenges and creating a brighter and more prosperous future for all its citizens."   link

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

Tishwash:  Iraq signs MoUs with 15 Greek companies to invest in various sectors

The Ministry of Trade explained, on Monday, the importance of resuming the meetings of the Iraqi-Greek Joint Committee, while the Federation of Iraqi Chambers of Commerce indicated the signing of memoranda of understanding with 15 Greek companies to invest in various sectors.

The administrative undersecretary of the ministry, Sattar Al-Jaberi, said in a speech during the Iraqi-Greek Business Forum, which was attended by the correspondent of the Iraqi News Agency (INA): "The participation of the Greek delegation, which includes representatives from the government sector and an elite of businessmen and investors in this important forum, constitutes a valuable opportunity to enhance economic and trade relations between the two countries and consolidate the bonds of joint dealing."

He added that "this important forum, held under the auspices of the Iraqi Ministry of Trade and with direct support from the Minister of Trade, aims to support and develop trade and economic relations with friendly countries, including the Republic of Greece," praising "the pioneering role played by the Federation of Iraqi Chambers of Commerce, headed by Abdul Razzaq Al-Zuhairi, in building international cooperation and creating a supportive environment for businessmen."

He pointed out "the efforts made by the Ministry of Trade, represented by its various institutions and the Director General of Economic Relations, to activate the joint economic and trade committees with brotherly and friendly countries."

He stressed "the importance of resuming the meetings of the Iraqi-Greek Joint Committee, which have not been held since 2000, as a necessary step to develop cooperation in various economic and trade fields in a way that achieves the common interests of the two countries."
 
He called on "the Greek delegation to participate actively in the next course of Baghdad International Fair, which is a unique platform for showcasing investment and trade opportunities and enhancing communication between Iraqi and Greek businessmen."

For his part, the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, confirmed during the conference: "We signed many memoranda of understanding with countries around the world, including 15 major Greek companies to work in various sectors including (construction, building, health and agriculture), indicating that "this forum is positive and reflects a good image of Iraq to the world that it is healthy and does not resemble yesterday."

He continued, "The purpose of the conferences or meetings is to create continuous work with our Greek partners to invest and work inside Iraq," expressing his "thanks to the government with its legislative and executive authorities for supporting the Federation of Chambers of Commerce, which represents the largest segment."   link

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

Tishwash:  Will the local market be affected by the events in Syria? A detailed Iraqi view of the scene

The economic expert, Abdul Rahman Al Mashhadani, presented a detailed vision of the possibility of the local market being affected by the events in Syria after the fall of Syrian President Bashar Al Assad.

Al-Mashhadani ruled out via {Al-Furat News}: "The Iraqi market was greatly affected by the events in Syria because trade with Syria was greatly reduced after the sanctions imposed by America on banks," noting that "there are alternatives to Syrian products, as imports from them were mainly fruits and vegetables."

He expected that "there will be a positive impact on the dollar and that the value of the Iraqi dinar will improve in the coming period, and if the American sanctions on Syria are eased, it will have a positive impact, considering that it was one of the links in the sanctions."

Al-Mashhadani explained that "the American position towards the events in Syria is positive and there is clear support, as evidenced by the fact that the American side is thinking of removing the names of terrorist organizations from the so-called front that entered Damascus, which will lead to flexibility in commercial dealings."

He stressed that "the situation in general needs time for things to stabilize and for the borders to reopen."

The dollar exchange rate against the dinar decreased on Monday afternoon in Baghdad markets, coinciding with the closing of the stock exchange.

The dollar exchange rate reached 150,700 dinars for $100 at the close of the Al-Kifah and Al-Harithiya stock exchanges, while this morning it recorded 151,000 dinars for $100.
The selling price in exchange shops in the local markets in Baghdad was 151,750 dinars for $100, while the purchase price was 149,750 dinars for $100.  link

Mot: Gots to Love ole ""Earl""  

Mot: Sad Christmas Tree 

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MilitiaMan & Crew-Iraq Dinar News-Partnerships with Private Sector--World Bank-IMF-Article 12 C-3000 Contracts

MilitiaMan & Crew-Iraq Dinar News-Partnerships with Private Sector--World Bank-IMF-Article 12 C-3000 Contracts

12-9-2024

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-Partnerships with Private Sector--World Bank-IMF-Article 12 C-3000 Contracts

12-9-2024

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=ux_g9tT1xBM

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Iraq Economic News and Points to Ponder Monday Afternoon 12-9-24

Stability of The Dollar Exchange Rate In Local Markets

Monday 09 December 2024 14:05 | Economic Number of readings: 110

Baghdad / NINA / The dollar exchange rates witnessed stability this Monday morning in the local markets in the capital, Baghdad, Basra and Erbil. The exchange rates today were as follows:

$100 = 151,500 dinars in Baghdad    $100 = 151,500 dinars in Erbil    $100 = 151,000 dinars in Basra

Stability of The Dollar Exchange Rate In Local Markets

Monday 09 December 2024 14:05 | Economic Number of readings: 110

Baghdad / NINA / The dollar exchange rates witnessed stability this Monday morning in the local markets in the capital, Baghdad, Basra and Erbil. The exchange rates today were as follows:

$100 = 151,500 dinars in Baghdad    $100 = 151,500 dinars in Erbil    $100 = 151,000 dinars in Basra.

https://ninanews.com/Website/News/Details?key=1173683 

The United Nations Renews Its Full Support For Iraq In Restoring Its Sovereignty And Full Control Over Its Territory

Monday 09 December 2024 20:53 | Politics Number of readings: 108 Baghdad/ NINA /The United Nations mission renewed its full support for the Iraqi government and people in regaining sovereignty and full control over its territories and achieving stability and sustainable development.

The mission stated in a statement issued on the occasion of Victory Day that "On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS.

The statement indicated that "this day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland.

" It added, "Victory Day, in addition to being an occasion for heartfelt congratulations, comes to emphasize the need to preserve the gains achieved thanks to the efforts of everyone here in Iraq in addition to their partners from around the world. It also represents a call for everyone to strengthen national unity and joint action for a strong Iraq capable of facing challenges and free from the tensions and conflicts that are plaguing the region."

It continued, "On this occasion, we also appreciate the achievements made since the field victory over terrorism, and call for continued work to rid Iraq not only of the remnants of ISIS, but also of all forms of extremism and fanaticism. We look forward to an Iraq in which everyone enjoys security, peace, respect for human rights and the rule of law, and to turning the pages of the painful past forever by promoting reconciliation."

" Nationalism, ensuring the preservation of gains, focusing on what unites the word and unifies the ranks, and staying away from areas of division and division, including controversial topics that do not contribute to strengthening the unity of the fabric of society and the cohesion of its components."

She said, "Our hope is great that the joy of victory will be complete with the return of all those forcibly displaced due to this conflict to their homes with dignity and safety, and when all Iraqi citizens are returned from Al-Hol camp in northeastern Syria and integrated into society.

She appreciated the great efforts made by the Iraqi government, with the support of the UNAMI mission and the team of United Nations organizations working in Iraq, in these files in particular. "Iraq has proven to the world that it is capable, with the solidarity of its people, of overcoming challenges and creating a brighter and more prosperous future for all its citizens." / End

https://ninanews.com/Website/News/Details?key=1173769

Nechirvan Barzani Meets World Leaders In Paris, Most Notably Trump And Macron

The President of the Kurdistan Region, Nechirvan Barzani, met with world leaders on the sidelines of the reopening ceremony of Notre Dame Cathedral in the French capital, Paris.

According to photos published by the presidency of the region, the most prominent leaders that President Nechirvan Barzani met with were: French President Emmanuel Macron, US President-elect Donald Trump, and American billionaire and businessman Elon Musk.

In response to an official invitation from French President Emmanuel Macron, Nechirvan Barzani, President of the Kurdistan Region, participated yesterday evening, Saturday, along with a number of world leaders and presidents, in the reopening ceremony of the historic Notre Dame Cathedral in Paris. https://www.radionawa.com/all-detail.aspx?jimare=40518

Basra Oil Records A Significant Increase

Energy  Economy News - Follow-up The prices of Basra Heavy and Medium crude oil have recorded a significant increase, coinciding with the increase in global oil prices.

Basra Heavy crude prices rose by 14 cents to $67.37 a barrel, while Basra Medium crude prices rose by the same amount to $70.54 a barrel. 115 views  Added 12/09/2024 - 9:54 AM   https://economy-news.net/content.php?id=50678

Minister Of Communications: We Launched Free Internet Service For Schools

Iraqi school Money and business Economy News – Baghdad Minister of Communications Hiyam Al-Yasiri announced on Monday the launch of a free internet service for schools.

Al-Yasiri said in a statement, which was reviewed by "Al-Eqtisad News", that "the Ministry of Communications, represented by the General Company for Communications and Information Technology, has obligated Earthlink, as the largest internet service provider in Iraq, to ​​provide schools with free internet via FTTH optical cable."

She added, "This came in implementation of the National Service Government and the Ministry of Communications program to provide subsidized internet to schools, and to achieve the government's priorities in digital transformation and keeping pace with technological development and the artificial intelligence revolution." Views 46  12/09/2024  https://economy-news.net/content.php?id=50706

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

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CRYPTO INDUSTRY FRUSTRATED OVER POSSIBILITY OF SEC COMMISSIONER CAROLINE CRENSHAW’S RENOMINATION

Coinbase COO Emilie Choi called Caroline Crenshaw, one of two SEC commissioners to oppose Bitcoin ETFs, 'anti-crypto.'

On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election.

Good Evening Dinar Recaps,

CRYPTO INDUSTRY FRUSTRATED OVER POSSIBILITY OF SEC COMMISSIONER CAROLINE CRENSHAW’S RENOMINATION

Coinbase COO Emilie Choi called Caroline Crenshaw, one of two SEC commissioners to oppose Bitcoin ETFs, 'anti-crypto.'

On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election.

Crenshaw is ‘anti-crypto,’ says Coinbase COO

Crenshaw, who was sworn into her role in August 2020, was one of two SEC commissioners who opposed the approval of spot Bitcoin exchange-traded funds (ETFs) in January. In her letter dissenting from the SEC’s decision, which Crenshaw called “unsound and ahistorical,” she wrote:

“I fear that today we are setting ourselves up for tomorrow’s failure, and it will be the investors that we have a duty to protect who will ultimately pay the price.”


SEC commissioner, Jaime Lizárraga, the only other SEC commissioner who voted against Bitcoin ETFs, did not add his name to her letter.

According to James Seyffart, a Bloomberg ETF analystCrenshaw was even “more vehemently anti-crypto” than SEC chair Gary Gensler, who has been called “evil” himself. In fact, she served as more than “just an ally to Gensler,” Seyffart wrote in an X post earlier this week.

In a Dec. 7 X post, Coinbase president and COO Emilie Choi wrote:

“Caroline Crenshaw is anti-crypto. She even embarrassingly opposed Bitcoin ETFs. The SEC has to change.

Given Crenshaw’s widely-known opinions against cryptothe community is frustrated with the upcoming vote on Wednesday.

Alexander Grievevice president of government affairs at crypto investment firm Paradigmcalled it “one last “gift” for crypto” that Democrat Senate Banking Chair Sherrod Brown is “trying to ram through” before he gives up his chair.

If the Senate vote passesCrenshaw will hold on to her position in the SEC till 2029. However, if she’s not confirmed by the Senate, president-elect Donald Trump will be free to nominate someone as replacement.

Austin Campbell, CEO of digital payments firm WSPN, wrote in an X post:

“I will remind all Democrats that Caroline Crenshaw voted that the SEC should disobey a Federal judge, break the law, and instead reject BTC ETFs after being ordered to approve them by a court.”

Trump’s SEC chair pick has received the crypto community’s approval

Earlier this weekTrump appointed Paul Atkinsa former SEC commissioner known for being pro-cryptoto be the next SEC chiefThe crypto industry welcomed the news with open arms.

Atkinswho served as a Republican SEC commissioner from 2002 to 2008, is expected to take a much more lenient approach to regulating crypto than GenslerAtkins is known for his advocacy of free-market principles and investor protection and his focus on clarifying complex financial markets.

Atkins’ nomination. is “sorely needed and cannot come a day too soon,” Coinbase chief legal officer Paul Grewal said in an X post.

@ Newshounds News™

Source:  Crypto Slate

~~~~~~~~~

BRICS NEWS: BRICS & US MAY BE SET TO RACE FOR BITCOIN SUPREMACY IN 2025

With the asset class gaining significant attention over the course of the year, both BRICS and the US could be set to race for Bitcoin supremacy in 2025. Indeed, the economic alliance has discussed its interest in integrating the leading asset. Moreover, with the return of Donald Trump to the White House, the United States is looking to emerge as a global leader.

In a recent interview, Eric Trump reiterated these hopes. He explained the path that the US has toward becoming a cryptocurrency superpower

Yet, the incoming presidential administration is certainly not alone in those aspirations. His position regarding BTC has mirrored those that Russian President Vladimir Putin has shared in recent weeks.

BRICS & US Face Off in Bitcoin Race: Who Will Become Global Leader?

Bitcoin is certainly having its moment this year. The token is leading an emerging asset class, as it reached a six-figure price for the first time in history last month. Moreover, it became the first crypto-based ETF in the United States, opening the door to increased institutional investment and interest.

Amid its rise, all eyes are on exposureBusinesses are looking into the acquisition of crypto, but so too are countries. With no established global leader, both BRICS and the US could be set to engage in a race for Bitcoin supremacy in 2025.

Speaking to CNBC, Eric Trump noted that “sensible” regulation may be the only thing standing between the United States and a position as a cryptocurrency superpower. Moreover, he noted President-elect Donald Trump has all intentions to “make America the crypto capital of the world.”

Well, they are certainly not the only thing. With Russia loosening its ban on cryptocurrency earlier this year, BRICS may be looking to increase adoption. Specifically, they have sought to use the asset class in trade and have noted belief in its potential.

As the country has just voted to classify crypto as property, Putin has discussed the leading asset. When talking about foreign exchange reserves, the president questioned their necessity if they could be confiscated for political purposesSpecifically, Putin seemed to be alluding to Western sanctions that froze $300 billion in Russian reserves.

But that isn’t the same with Bitcoin. “Who can prohibit it? No one,” he said about the token. That seems to indicate that both BRICS and the US are set to explore the asset class in greater measures this year. That could have them on a collision course for status, with Bitcoin only gaining in the process.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

IS YOUR CRYPTO WALLET AS SAFE AS YOU THINK?  |  Youtube

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You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

Daniela Cambone:  12-9-2024

"The snowball on the debt through the interest rates and the interest cost on the national debt is growing so fast that even drastic measures won't make it disappear," warns Joseph Brown, host of Heresy Financial.

In this discussion, he delves into the pressing debt issues facing the U.S. and explains why owning tangible assets like gold is imperative as a hedge against the devaluation of fiat currencies.

You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

Daniela Cambone:  12-9-2024

"The snowball on the debt through the interest rates and the interest cost on the national debt is growing so fast that even drastic measures won't make it disappear," warns Joseph Brown, host of Heresy Financial.

In this discussion, he delves into the pressing debt issues facing the U.S. and explains why owning tangible assets like gold is imperative as a hedge against the devaluation of fiat currencies.

Brown also highlights the success of Javier Milei's reforms in Argentina, emphasizing how reducing government size and slashing spending curbed inflation and sparked economic improvement: "What Argentina shows us is that by slashing government spending and deregulating, you free up resources, and the economy can start to boom again."

CHAPTERS:

00:00 Javier Milei's policy

4:32 Argentina economy

6:21 Government spending cuts

8:03 RFK Jr.'s health initiative

 9:07 Bitcoin

12:40 U.S. debt

 16:08 Gold

18:23 Money printing

21:02 Financial reset

23:23 Concluding words

https://www.youtube.com/watch?v=LPAHv4MLDVc

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Iraq News Highlights and Points to Ponder Monday Afternoon 12-9-24

$10 Billion Cash Flows Into Bitcoin Funds Since Trump Win

Money and business   Economy News - Follow-up US exchange-traded funds that invest directly in Bitcoin have inflowed nearly $10 billion since Donald Trump won the US election.

This comes in a bet that his embrace of the crypto sector heralds a boom in the market.

The 10 issuers, including BlackRock and Fidelity Investments, attracted about $9.9 billion in net inflows in the period following Election Day on Nov. 5, according to a report published by Bloomberg

$10 Billion Cash Flows Into Bitcoin Funds Since Trump Win

Money and business   Economy News - Follow-up US exchange-traded funds that invest directly in Bitcoin have inflowed nearly $10 billion since Donald Trump won the US election.

This comes in a bet that his embrace of the crypto sector heralds a boom in the market.

The 10 issuers, including BlackRock and Fidelity Investments, attracted about $9.9 billion in net inflows in the period following Election Day on Nov. 5, according to a report published by Bloomberg

Last week, Trump tapped a digital asset advocate to be the head of the U.S. Securities and Exchange Commission, and appointed the first White House czar for artificial intelligence and cryptocurrencies.

Trump has pledged to replace the Biden administration’s skepticism about digital assets with supportive rules, even backing the idea of ​​a national strategic reserve for Bitcoin.

Bitcoin hits record high

Bitcoin crossed the $100,000 mark for the first time on December 5.

The cryptocurrency's six-week winning streak is the longest since the cryptocurrency's wild rallies of 2021

Bitcoin has been hit by volatility a day after the currency hit a historic high of $100,000.

The volatility briefly sent the largest digital asset down to around $92,000, a drop that sparked some caution.

A “sustainable and decisive” push past $100,000 may require more positive catalysts to emerge, David Lawant, head of research at major crypto broker FalconX, wrote in a note.

83 views Added 12/09/2024 - 10:10 AM https://economy-news.net/content.php?id=50679

Iraq Rises To Third Place In The Arab World In Gold Reserves After Lebanon Leaves The List

Money and business    Economy News – Baghdad  The World Gold Council announced today, Monday, that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.

According to the latest report published by the Council in December 2024, which was reviewed by Al-Eqtisad News, Iraq’s gold holdings rose to 152.7 tons, up from 152.5 tons last month.

These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.

The Council pointed out that "the United States of America continues to top the list of the largest gold holdings in the world, with 8,133.5 tons, followed by Germany with 3,351.5 tons, then Italy with 2,814 tons. Bosnia and Herzegovina came at the bottom of the list with 1.5 tons."

The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.

The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world. Views 26 Added 12/09/2024 - 1:24 PM https://economy-news.net/content.php?id=50686

Parliamentary Committee Criticizes Dollar Selling Platform: It Has Many Problems And Suspicions Of Corruption

2024-12-09 | Sumerian News – Local Criticized Deputy president Committee Strategic Planning and Federal Service Mohammed Al-Baldawi, Central Bank PlatformI raqiTo sell the dollar, while he pointed out that there are professional groups in fraud the law.

Al-Baldawi said in an interview with Sumaria News, "The platform for selling Dollar The transfer operations are plagued by many problems and suspicions of corruption.  Pointing"Today, a new mechanism for transfer within the Central Bank has begun. Iraqi And its affiliated banks and institutions in order to simplify procedures for citizens, especially those who wish to travel outside the country for treatment or study.

He pointed out that "these procedures are supposed to move forward to reduce the lengthy procedures and we see them as good, but today they need continuous follow-up, review, evaluation process and then evaluation of the performance of institutions because there are professional groups to introduce fraud and deception into the law Through groups, we saw this through cards and the platform.

He added: “We hope that this method and procedures will be easy for citizens and will ensure the preservation of foreign currency, as well as finding ways and outlets to facilitate procedures and provide what citizens need for travel, treatment and study.” LINK

Advantages Of The Modern Electronic Ration Card

Monday,09-12-2024,AM 11:36 Taisir Al-Asadi  The Ministry of Commerce noted the achievement of advanced rates in updating the electronic card in Wasit Governorate after a week of updating operations in the governorate’s regions.

She pointed out the launch of a registration application to update citizens’ data for the ration card, as the program requests four determinants: the ration card number, the ration center number, the agency number for the food agent, and the agency number for the flour agent.

After that, the citizen logs in to create his own account, then a message is sent to the citizen’s phone number, including the username and password, and then the update begins from the same system.

The ministry’s spokesman, Mohammed Hanoun, confirmed in a statement that: “The data update operations for the electronic ration card in Wasit Governorate are proceeding smoothly and with broad participation from the governorate’s residents,” noting that “the update rate has reached 33%, while the number of updated individuals has reached 524,270 individuals, and the number of updated families has reached 114,505 families.”

Hanoun said, “The Citizen Program will also help citizens submit their transactions from their homes without the need to visit the supply branch departments. These services will be paid for electronically, such as adding a child, adding an individual, adding a family, deleting, blocking, or unblocking, and other activities. The data update process will be accompanied by a media campaign to educate citizens and train them on how to use the applications on their mobile phones.” https://non14.net/public/172708

Integrity Commission Discloses Its Activities In The Field Of Disclosure Of Assets And Money Inflation For The Month Of October

Security |Today, Baghdad Today – Baghdad  The Federal Integrity Commission revealed, today, Monday (December 9, 2024), all of its activities in the field of disclosure of assets and the inflation of funds for taxpayers during last October.

The Commission stated in a statement received by "Baghdad Today" that "the number of taxpayers who disclosed their financial liabilities reached (1740) taxpayers, while the number of forms that the Prevention Department in the Commission audited to investigate the existence of inflation in funds during the same period reached (95) forms, noting that one of the taxpayers was referred to the Investigations Department and the Supreme Commission for Combating Corruption."

She added that "violations were discovered regarding the issue of conflict of interest among (16) taxpayers out of (100) taxpayers from various government agencies that were investigated and investigated through (151) visits."

She pointed out that "the Performance and Professional Conduct Department made (79) visits to (64) government departments to follow up on performance and professional conduct, e-governance procedures, comprehensive digital transformation, and the transparency and public money protection program."  LINK

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IRAN MOVES TO REGULATE CRYPTO INSTEAD OF IMPOSING LIMITS: REPORT

Iran’s finance minister said the country’s government plans to regulate cryptocurrencies instead of limiting their usage.

The Iranian government is looking to embrace crypto assets by adding more regulations instead of outright restrictions, its Minister of Economic Affairs and Finance Abdolnaser Hemmati said.

Good Afternoon Dinar Recaps,

IRAN MOVES TO REGULATE CRYPTO INSTEAD OF IMPOSING LIMITS: REPORT

Iran’s finance minister said the country’s government plans to regulate cryptocurrencies instead of limiting their usage.

The Iranian government is looking to embrace crypto assets by adding more regulations instead of outright restrictions, its Minister of Economic Affairs and Finance Abdolnaser Hemmati said.

According to a report from Iran’s state-run news agency Nour News, Hemmati said during a national event on Saturday that the government aims to eliminate the negative impacts of cryptocurrency on the economy, and leverage its positive effects. The minister added that digital money falls under the jurisdiction of the Iranian central bank.

Hemmati said he hopes to see cryptocurrencies used to boost youth employment in Iran, help counter U.S. sanctions and align the country’s activities with the global economy.

On the same day as Hemmati’s speechthe Central Bank of Iran published a new document that summarized its arrangement for upcoming policies on cryptocurrenciesNour News reported. The upcoming policies aim to support crypto traders to comply with local tax and anti-money laundering laws, according to the report.

Iranian investors currently hold an estimated $30 billion to $50 billion worth of crypto assets, the report said, citing economist Mohammad Sadegh Alhosseini. This is roughly equivalent to a third of the entire gold market in the country, according to the expert.

The announcement from the Iranian government comes as U.S. President-elect Donald Trump builds anticipation for a positive regulatory environment for cryptocurrencies.

Since his reelection last month, Trump has appointed several pro-crypto candidates to spearhead various efforts during his upcoming term, recently naming long-time crypto supporter Paul Atkins to head the Securities and Exchange Commission.

@ Newshounds News™


Source:  
The Block

 ~~~~~~~~~

CZECH REPUBLIC IS NOW CRYPTO-FRIENDLY! HERE’S WHAT CHANGED

The Czech Republic has introduced new crypto-friendly laws, making it easier for crypto businesses to operate in the country.

These laws include easier access to bank accounts for crypto businesses and a three-year tax exemption on crypto investments.

These reforms aim to attract more crypto businesses to the Czech Republic and prevent them from moving to other countries.

The Czech Republic has made the news headlines with bold new crypto regulations aimed at transforming the sector. These changes address long-standing challenges for crypto businesses and could make the country a hotspot for digital asset innovation.

Crypto Firms Finally Get a Break


Crypto businesses in the Czech Republic have long struggled to open bank accounts due to skepticism from financial institutions. Banks, wary of crypto’s volatility, often denied these businesses basic banking services, making operations incredibly challenging.

That’s about to change. The new reforms will make it easier for crypto companies to access banking services, removing a major barrier to growth. This shift could pave the way for smoother operations and attract more businesses to the Czech market.

A Tax Break to Boost Investments

But wait, there’s more. A three-year tax exemption for crypto investments has also been introduced. This means that profits from crypto will be treated just like profits from stocks. So, crypto businesses can breathe a little easier, knowing they’re now on the same playing field as more traditional investments. It’s a big win, and it’s meant to make the Czech market way more attractive to investors—both local and international.

Why Act Now? The Clock’s Ticking

Deputy Speaker Jan Skopeček explained the need for swift action, emphasizing that the government had to act now to retain crypto businesses. Without these changes, many companies could relocate to countries with more favorable crypto laws, leading to economic losses.

The urgency also ties to the European Union’s upcoming Markets in Crypto Assets (MiCA) regulation. While MiCA aims to harmonize crypto rules across the EU, its rollout has caused uncertainty. Many companies are still awaiting approvals or navigating compliance challenges, and some have already left Europe or modified their operations to align with the evolving rules.

The Road Ahead Is Not Easy

These reforms show the Czech Republic’s determination to stay ahead in the digital revolution. By easing banking access and offering tax incentives, the country is positioning itself as a more attractive hub for crypto firms.

However, challenges remain.  While the reforms are promising, businesses may still encounter unexpected hurdles as the new policies are implemented. The coming months will reveal whether the Czech Republic can truly establish itself as a crypto-friendly destination.

@ Newshounds News™


Source:  
Coinpedia

 ~~~~~~~~~

FINANCIAL REVOLUTION 2024: WHAT YOU NEED TO KNOW!  |  Youtube

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