Coffee with MarkZ and Mr. Cottrell. 01/03/2025
Coffee with MarkZ and Mr. Cottrell. 01/03/2025
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Discmember; laimer: 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 Everyone !!! It's Friday!
Member: the first Friday of the new year….the first weekend of the new year
Member: Morning Mark and Mr.C hope that you will have some good news for us today.
Coffee with MarkZ and Mr. Cottrell. 01/03/2025
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Discmember; laimer: 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 Everyone !!! It's Friday!
Member: the first Friday of the new year….the first weekend of the new year
Member: Morning Mark and Mr.C hope that you will have some good news for us today.
MZ: Historic Bond news is still mostly MIA. I did get 2 check ins and both have said they expect their funding on the 7th. Most have previously said between the 2nd and the 9th. I think we are under way and watching the roll out.
Member: Trumps presidential certification is on Jan 6th…Maybe they are waiting on that???
Member: Mark…were these bond contacts who are receiving funds on the 7th the same bond guys who went to Zurich a few days ago? Wondering if they did their paperwork and their money is just liquid on 7th.
Member: Rumor: The new recalculated dinar rate was given to the US Treasury. The United States has been paid in full by Iraq. The US has lifted all remaining sanctions on Iraqi banks
MZ: That is certainly the rumor floating out there. I am trying to pin it down 100% so we sll feel good about it.
Member: Frank 26 saying Iraq is in DC and paid the United States of America
Member: I read that Iraq was in Washington yesterday or Wednesday, and met with Treasury and Trump.! Made sure we were paid, for our part ,you know the 35 Billion !!!
MZ: That’s the rumor….pinning it down has been tough.
Member: Last night Bruce said everything was cleared to go and notifications should be launched out this weekend
Member: IMO-it's been known for some time by the PTB that Iraq would go from rags to riches due to their many resources and the war's end and would be the savior if the world's economies.
Member: Iraq has 3 days to tell forex once they change it. This is what I heard.
Member: Where will the new rate show first?
MZ: Good Question . If it follows in Kuwaits footsteps –it will quietly be released. Maybe people will do some exchanging and then it will show publically on forex. But, In today’s world and the speed of the internet- my guess is we will all see it at the same time …You guys will probably hear it first from folks like me and then we will be able to look at it …That’s my opinion.
Member: The Kuwaiti government announced the revaluation of the Kuwaiti Dinar on March 24, 1991
Member: If we go first before the general public –it would possibly show on Forex for the public shortly after?
MZ: “ Central Bank adopts monetary strengthening mechanism to ensure financial stability in Iraq” This is now going through the banking system. Its goal is to stabilize exchange rates and ensure monetary supply to stablalize growth in the long term.
Member: Al Saadi to the Maalouma agency , “the platform was a form of control imposed by US Federal Reserve and its cancellations allows Iraq to return to the banking system that was in effect before 2003”
MZ: A much more modernized of that banking system…but that is correct. My best contact who I trust due to the position he holds in Iraq….says de-dollarization is under full steam and they expect a new rate within a week or so .
Member: My sister assisted in the forming of their new government Constitution. My brother told me to buy and hold dinar! My sister said it would revalue once all agreed debts were paid!
MZ: This article is about Syria – but its published in Iraq: “ Will deleting zeros end the collapse of the Syrian Pound?” A key piece is they state they need 20 years to recover from the effects of the war. But economists believe that strengthening the national currency may not take 2 decades and they may reach that goal within 5 years. They may as a first step delete zeros from their currency
MZ: its been a little over 20 years since the fall of Saadam Hussein in Iraq……very interesting.
Member: I will be glad when this finally goes. I will graduate from crazy weirdo to eccentric millionaire ...
Member: This could be our last weekend broke family!!
Member: Hope everyone has a great day today!
Member: Hope everyone has a beautiful safe and healthy New Year.
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.
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!
Seeds of Wisdom RV and Economic Updates Friday Morning 1-3-25
Good Morning Dinar Recaps,
RIPPLE XRP NEWS: CEO BRAD GARLINGHOUSE ‘EXCITED’ FOR 2025 AND REAL-WORLD UTILITY
▪️Brad Garlinghouse expressed his enthusiasm for 2025 on X, highlighting the increasing momentum and greater focus on real-world utility.
▪️Ripple made considerable strides in reshaping the financial landscape by forging new partnerships with major financial institutions throughout the year.
Good Morning Dinar Recaps,
RIPPLE XRP NEWS: CEO BRAD GARLINGHOUSE ‘EXCITED’ FOR 2025 AND REAL-WORLD UTILITY
▪️Brad Garlinghouse expressed his enthusiasm for 2025 on X, highlighting the increasing momentum and greater focus on real-world utility.
▪️Ripple made considerable strides in reshaping the financial landscape by forging new partnerships with major financial institutions throughout the year.
Ripple CEO Brad Garlinghouse has shared his palpable excitement about the potential developments expected in the year 2025, a pivotal moment that could redefine the cryptocurrency landscape.
He foresees substantial growth for Ripple and a broader transformation in the financial ecosystem as it increasingly embraces digital assets and blockchain technology, with a growing emphasis on real-world utility.
Apart from Brad Garlinghouse’s optimistic outlook, the XRP Army is equally enthusiastic about the prospects for XRP in the current year. A key catalyst for this optimism is the anticipated approval of an XRP-related Exchange-Traded Fund (ETF) by the SEC, which many believe could significantly boost XRP’s legitimacy and market appeal.
Furthermore, the prospect of pro-crypto leadership under a Donald Trump presidency, alongside appointments such as Paul Atkins as the incoming SEC Chair, Scott Bessent as Treasury Secretary, Billy Long overseeing IRS commissions, and David Sacks in the newly created role of AI and Crypto Czar, signals a promising shift towards a more favorable regulatory environment for digital assets.
Additionally, the long-awaited settlement of the SEC lawsuit against Ripple, a legal battle that has cast a shadow over XRP’s potential, is viewed as a hopeful turning point. Together, these developments suggest not only a brighter future for Ripple but also for the broader cryptocurrency market.
Ripple 2024 Highlights
In 2024, Ripple marked a series of significant milestones that reinforced its mission to transform the financial landscape. The year began with a partnership with EasyA to launch an educational program aimed at teaching over 750,000 developers how to utilize smart contracts on the XRP Ledger. This initiative bolstered Ripple’s commitment to fostering community engagement and innovation.
Ripple also collaborated with SBI Group and HashKey DX to develop customized solutions on the XRP Ledger, with SBI becoming the first Japanese corporation to implement these blockchain solutions in supply chain finance.
A pivotal moment came in February when Ripple acquired Standard Custody, bringing it closer to securing a coveted U.S. charter and solidifying its presence in the U.S. market.
The announcement of a partnership with Clear Junction in June highlighted Ripple’s dedication to enhancing cross-border payment capabilities with European banks, adding credibility to its operations.
Lastly, Ripple introduced its stablecoin, RLUSD, fully backed by U.S. Treasuries, bank deposits, and cash equivalents through a New York Department of Financial Services (NYDFS) trust charter. Potential applications for RLUSD include cross-border payments, corporate treasury functions, decentralized finance (DeFi), and trading collateral, along with the advantage of over 90 global payout markets.
These strategic initiatives contributed to XRP’s impressive rise from $0.62 at the start of the year to an all-time high of $2.89 by December 3, with current pricing at $2.40. As we begin this new year, market sentiment remains cautiously optimistic as investors keep a close eye on Ripple’s trajectory and regulatory developments.
@ Newshounds News™
Source: Crypto News Flash
~~~~~~~~~
X MONEY TO SUPPORT CRYPTO AT LAUNCH? BEST WALLET COULD BE THE MISSING LINK
The imminent debut of Elon Musk’s X Money, also known as X Payments, is sparking widespread speculation.
Theories surrounding the payment platform are swirling after X CEO Lindas Yaccarino confirmed on New Year’s Eve that it’ll launch in 2025 alongside X TV and Grok.
According to American entrepreneur Alex Finn, leaked code recently suggested it’ll be launching imminently – possibly even today.
What’s more, it might only be available in 39 US States initially, where X Money’s backbone, X Payments LLC, has secured regulatory approvals.
X Payments to Include Crypto?
At its core, X Money will enable users of X (formerly Twitter) to tip content creators.
With financial incentives enabled by X Money, creators might be more inclined to produce richer content that enhances X’s offerings – especially those who aren’t reliant on conventional ad revenue models.
The platform’s exact details have not yet been disclosed. Yet, Finn announced it’ll support crypto in a self-hosted X space.
There’s surging suspicion that X Money will support Bitcoin ($BTC) and Dogecoin ($DOGE), owing to Musk’s already accepting $DOGE payments at Tesla. Musk also holds $1.1B $BTC for his $1.19T supercar company.
Considering Elon Musk’s Web3 advocacy, crypto and even meme coin support wouldn’t come as a surprise.
Supporting crypto could also provide huge user benefits, owing to its decentralized nature and speedy processing times. As one X user commented in response to Finn’s post, “No permission needed, no holding back, just pure opportunity.”
Best Wallet Could Streamline X Money
Using a reliable crypto wallet like Best Wallet will be an essential accessory for those interested in Musk’s payment platform. That’s because you need a good wallet for your crypto before you can use it to tip anyone.
Best Wallet is on track to attract 40% of the 11B non-custodial wallet market by 2026. It sets itself apart from competitors like MetaMask owing to its unwavering support of presale projects and 60+ blockchain networks.
Best Wallet’s multi-blockchain support and user-friendly functionality should meet X Money payment requirements.
Another perk is its off-ramping function. Users can easily convert crypto into 100 fiat currencies (including $GBP, $USD, and $EUR) in their bank accounts. This means content creators being tipped in X Money can easily convert their funds into real-world currency for everyday spending.
For just $0.023375, $BEST token buyers can join the crypto wallet token project and have a say in the Best Wallet ecosystem’s future. Given the radical disruption changes to the game that launches like X Money pose, it’s no wonder Best Wallet’s presale has already raised over $6.2M.
However, this isn’t financial advice. Be sure to always do your own research before making any bold investment choices.
@ Newshounds News™
Source: Bitcoinist
~~~~~~~~~
XLM NEWS TODAY:
XLM'S SHOCKING POTENTIAL EXPOSED IN X'S NEW PAYMENT SYSTEM
Could Stellar be the underlying network of X's new payment system?
@ Newshounds News™
Source: Youtube
~~~~~~~~~
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Thank you Dinar Recaps
10 Most Awesome Things You Can Do for Your Finances in 2025
I’m A Financial Advisor: 10 Most Awesome Things You Can Do for Your Finances in 2025
December 14, 2024 Written by Cara Danielle Brown Money / Financial Planning
Looking to make the most of your finances in the new year? Some may think taking financial risks or chasing trends is key to maximizing potential.
But, according to financial advisor at 4 Generations Wealth Management, Michael Fiammetta, the best thing one can do next year is the same thing he or she can and should be doing every year: master the basics.
Here are 10 awesome things you can do for your finances in 2025 and every subsequent year thereafter.
I’m A Financial Advisor: 10 Most Awesome Things You Can Do for Your Finances in 2025
December 14, 2024 Written by Cara Danielle Brown Money / Financial Planning
Looking to make the most of your finances in the new year? Some may think taking financial risks or chasing trends is key to maximizing potential.
But, according to financial advisor at 4 Generations Wealth Management, Michael Fiammetta, the best thing one can do next year is the same thing he or she can and should be doing every year: master the basics.
Here are 10 awesome things you can do for your finances in 2025 and every subsequent year thereafter.
Maximize Retirement Contributions
Contributing as much as you can as early as you can to your 401(k) or IRA — within annual limits — “is one of the smartest moves you can make for your future self,” according to Fiammetta.
This is because nothing helps grow your retirement savings over time like compound interest. Can’t afford to contribute the maximum amount? That’s okay. Fiammetta argued that boosting contributions by a mere 1% in 2025 will impact your financial future.
Diversify Your Portfolio
If your investments are concentrated in one sector or asset class, consider diversifying stat.
“A diversified portfolio–spanning stocks, bonds, real estate, and more — reduces risk and positions you for long-term success,” said Fiammetta. This way, if one or two investments don’t perform well, others can balance out the loss.
Create an Estate Plan
No one likes to think about it. But what would happen to your money if you meet your untimely demise? In the absence of an estate plan, the state would determine who gets your assets based on unique intestacy laws that establish priority order beginning with closest living relatives.
But what if you wish to dictate particular amounts to specific individuals, or you prefer to pass assets to extended family and charitable organizations? Make sure a trust or will is put in place. Having a say in how your money is divided up ensures your preferences are honored and your legacy is carried on. It could also help loved ones avoid probate.
Review and Update Beneficiaries
News, Rumors and Opinions Friday AM 1-3-2025
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 Fri. 3 Jan. 2025
Compiled Fri. 3 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Thurs. 2 Jan. 2025 Frank26 and WalkingStick: Iraq’s foreign minister is in DC, and they have accomplished a lot! The new, recalculated Dinar Rate was given to the US Treasury. The United States has been paid in full by Iraq. The United States has lifted the remaining sanctions on the Iraqi Banks!
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 Fri. 3 Jan. 2025
Compiled Fri. 3 Jan. 2025 12:01 am EST by Judy Byington
Global Currency Reset:
Thurs. 2 Jan. 2025 Frank26 and WalkingStick: Iraq’s foreign minister is in DC, and they have accomplished a lot! The new, recalculated Dinar Rate was given to the US Treasury. The United States has been paid in full by Iraq. The United States has lifted the remaining sanctions on the Iraqi Banks!
Thurs. 2 Jan. 2025 Bruce:
Iraq had a new in-country rate on New Years Day
At midnight tonight EST Iraq will announce the new in-country Dinar Rate and likely will start in-country exchanges this weekend.
The Iraqi Dinar Contract Rate is very high.
Tier4b (us, the Internet Group) could be notified to call for exchange appointments anywhere from Friday 3 Jan. to Sunday 5 Jan.
The instructions will tell you when to call for your appointment. Please obey that time frame.
You can ask for the Contract Rate on the Dinar.
The Med Bed appointments: Zim Holders have priority. You can refer up to 6 people for Med Bed appointments.
There are well over 6,000 Med Bed Centers in the US.
~~~~~~~~~~
Thurs. 2 Jan. 2025: The switch over to the Quantum Financial System allows YOU, full control of YOUR finances. …Gitmo TV on Telegram
No longer will you be burdened with a bank visit, creating deposit slips, ATM withdrawals, financial fees & set limitations.
You’ll have full access without a middleman that prevents you to transfer a set amount, to receive up to date transactions – without delays to a system because the transaction was on Sunday but won’t show up until Tuesday.
Everything has been computerized, your bank account was digital – why would you need to wait for a transaction? Why? Because THEY delayed your money clearing in the system program, just like everything has a program inside and we’re cutting all the red data(tape) out.
Using blockchain technology backed by gold and silver (not the same as cryptocurrency THEY promote.) your phone can be used with NFC (near field communication) to process a payment at a retailer. With several options – digital & analog (cards) the way to access YOUR money ends up on the end user. You.
Read full post here: https://dinarchronicles.com/2025/01/03/restored-republic-via-a-gcr-update-as-of-january-3-2025/
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man To me it looks like the ball is in the central bank's court at this time. Iraq has to have have some secrecy because it's so highly sensitive. It's going to have shocks. It's going to have an impact.
Mnt Goat Article: “STARTING TO IMPLEMENT ASYCUDA GLOBAL SYSTEM FOR AUTOMATING CUSTOMS OPERATIONS” in this article they are telling us the system will start on Jan 1st 2025. How could this be without the IQD on FOREX for a reference rate? I believe that this ASYCUDA system will NOT yet be online since the IQD is not yet on FOREX. ...it will need the IQD on FOREX to properly conduct the customs collection service through ASYCUDA...my analytical thinking mind tells me something was held up again. It sounds too fishy to have multiple events being targeted around the same period (beginning of Jan 2025), and all of them relying on the IQD getting to FOREX. Do you see it too? Come on folks this is exciting not a disappointment!
LIVE! (Bank Of America Stock Market "SELL" Signal). None Of This Is Looking Good...
Greg Mannarino: 1-2-2024
“Tidbits From TNT” Friday Morning 1-3-2025
TNT:
Tishwash: Iraqi Central Bank Streamlines International Transfers
The Central Bank of Iraq (CBI) has announced the successful transition of external transfers from an electronic platform to direct operations by Iraqi banks through their international correspondent banks.
According to a CBI statement, this milestone, fully achieved at the end of December, aligns with global best practices, promoting a stable and secure financial system.
TNT:
Tishwash: Iraqi Central Bank Streamlines International Transfers
The Central Bank of Iraq (CBI) has announced the successful transition of external transfers from an electronic platform to direct operations by Iraqi banks through their international correspondent banks.
According to a CBI statement, this milestone, fully achieved at the end of December, aligns with global best practices, promoting a stable and secure financial system.
Key highlights include:
Modernisation Journey: Transfers evolved from a currency sale window to an electronic platform and now to correspondent banking systems.
Diverse Currency Support: Iraqi banks can now enhance balances with correspondent banks using various currencies, including USD, INR, CNY, EUR, AED, SAR, and JOD.
Global Integration: The system improves efficiency and aligns Iraq's financial operations with international standards, boosting regional and global financial relationships.
Investment and Trust: This achievement strengthens Iraq's appeal for investment and enhances international financial confidence.
The CBI attributed this progress to extensive technical planning, governmental support, and the contributions of its staff, Iraqi banking institutions, and international partners.
The bank reaffirmed its commitment to fostering good governance, compliance, and anti-money laundering measures, further solidifying Iraq's financial system. link
Tishwash: After the electronic platform stopped...Answering questions from Iraqi circles about the new dollar mechanism
Many citizens have raisedIraqisQuestions about the new trading mechanismDollarinIraqHow to withdraw or buy it after stoppingOfficialTo create an electronic platform.
He saidDeputyThe Governor of the Central Bank, Ammar Khalaf, said yesterday that "the mechanism of work on the electronic platform related to foreign transfers has stopped working, but financing foreign trade continues through correspondent banks according to different mechanisms that are parallel to what is in effect in countries around the world."
Many citizens wondered about the news of the platform that was established.SumerianNews published on the social networking site "Facebook", about the electronic platform and its work, and what will happen to the dollar, and whether it will witnessIraqA new rise in currency exchange rates.
One citizen said via the comment feature: "What is meant by the electronic platform? Can someone explain?", while another replied that "the blockade will return to Iraq and the exchange rate will be at least 250 thousand dinarsIraqiFor $100.”
Another asked about “the continued arrival of foreign remittances toIraqAnd giving the currency to travelers," while another pointed out that "unemployment will return and food prices will quadruple from their normal levels and famine will return to Iraq."
Others praised the decision to stop the electronic platform, considering it "an effective government achievement that will be beneficial in succession and a transformation process that enhances the economic role and prepares for investment opportunities with complete confidence, and that the government is activating the supervisory role over the markets and exchanges and dealing in the dinar only to raise the value of the Iraqi dinar."
Another pointed out that "the platform was a front for theftDollarThus, imposing control through financial transfer by the bank will contribute to balancing the market and controlling the rise of the dollar,” and another supported him by saying that “this step may have several reasons, such as:
1- Controlling the dollar exchange rate: trying to stabilize the priceDollarIn front of the dinarIraqiBy reducing the flowDollar
2-Preventing dollar smuggling: If there are indications thatDollarIt is used in smuggling operations or there is an inflation in demand for it due to illegal purposes.
3-Strengthening the local economy: reducing dependence onDollarSupporting the local currency by reducing tradingDollarIn the markets.
Possible outcomes: higher prices.DollarOn the black market if there are no alternatives to meet demand. Impact on traders and businesses who depend onDollarIn imports, which may lead to higher prices for imported goods.
Tightening financial controls to try to prevent fraud and circumvention of policies. Therefore, the effects will depend on how this decision is implemented and the extent of alternative plans to provideDollarFor the commercial and service sector.
"Travelers' Dollar"
It is worth noting that "the Central Bank explained that grantingDollarFor travelers, it continues at airports according to the approved mechanism, which is the best in limiting the occurrence ofDollarFor the traveler, noting that "this decision is part of a series of reforms aimed at facilitating financial procedures and stimulating the economy."
What is the "electronic platform"
? The electronic platform for money transfers is a mechanism adopted to ensure the regulation of foreign money transfers and limit manipulation of exchange rates. It works to document commercial operations and transfer funds by banks and financial companies, ensuring more effective control over hard currency flows in and out of the country.
Will the cancellation of the platform affect the dollar price?
The impact of the cancellation of the platform on the priceDollarIt will be reflected in prices as follows:
1- Increased demand forDollarIn the black market, in the absence of an electronic platform, demand may increase.DollarIn the black market due to the absence of control mechanisms, which leads to high exchange rates outside official channels.
2- Weak confidence in the dinar, as canceling the platform may weaken confidence in the Iraqi dinar, especially if effective alternatives are not put in place to ensure market stability. Weak confidence means that citizens and investors may withdraw their money in dinars and transfer it toDollarAs a safe haven.
3- The impact of smuggling and money laundering, as canceling the platform may cancel strict control over dollar smuggling operations, and smuggling and money laundering practices may expand, which increases the demand forDollarSignificantly and affects the central bank's reserves.
4- The market depends on supply and demand. With the cancellation of the platform, the currency market may become more affected by direct supply and demand. This may lead to severe fluctuations in the exchange rate, especially in light of unstable economic and political conditions.
Will the dollar rise?
The government and the central bank can rely on other control tools such as strengthening the role of local banks, imposing strict restrictions on foreign transfers, activating alternative control tools, or pumping more dollars into the market to meet demand and maintain price stability. Investment can also be encouraged and reliance on foreign currencies reduced, to relieve pressure onDollarAnd strengthening the dinar, all these measures can maintain pricesDollar. link
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Tishwash: Al-Sudani confirms that the government has taken practical steps to diversify the economy
Prime Minister Mohammed Shia al-Sudani confirmed today, Thursday, that the government has put in place clear practical steps aimed at diversifying the Iraqi economy away from total dependence on oil revenues.
Al-Sudani said in a speech during the opening and launch of several projects in the oil sector in Baiji district in Salah al-Din Governorate, which was followed by the / Al-Maalouma / agency, that “the government has worked since the first days of assuming its duties to reconsider the philosophy of the Iraqi economy based on rentierism, and to put in place practical steps, not theoretical ones, in the matter of diversifying the economy."
He pointed out that "Iraqi competencies have begun to manufacture and establish units in refineries, which gives value to the product and drives market stability. A country that produces more than 4 million barrels per day cannot continue to import oil and gas derivatives."
He added: “We have started several strategic projects that are being implemented for the first time in the country and in the history of the oil industry, and we have made great strides in solving the problems, especially in the issue of gas flaring, through The contracts and agreements concluded, and we have set a ceiling not exceeding 2028 to stop gas flaring and a zero percent rate in flaring associated with gas, and we are continuing to promote the patches and fields for free gas.”
He pointed out that "the projects that were opened and construction was launched today are important to achieve a shift in the oil industry," directing "the Ministry of Oil to complete the studies for the petrochemical project and the FCC project in Baiji."
He announced "a plan to make Baiji the largest oil industrial city in Iraq and the region," noting "work to adopt international standards and environmentally friendly quality."
He pointed out that "work is underway to complete the strategic integrated southern project, which is being implemented for the first time in the field of oil development and gas investment, and to establish a power station, refinery and petrochemical plant in one place." link
Mot: .... the Planning that is Needed ---
Mot: . This Diet Thingy - I Finally Figured it out!!!
Iraq Economic News and Points to Ponder Thursday Evening 1-2-25
Government Advisor: Iraq Is The World's First In The Concentration Of Natural Resources Per Square Kilometer
Politics | - 01/02/2025 Mawazine News – Baghdad The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Thursday, that Iraq ranks first in the world in the concentration of natural resources per square kilometer, while indicating that the natural resources renaissance project will come in parallel with the development path strategy.
Salih told the official agency, followed by "Mawazine News", that "since Iraq ranks ninth in the world in the value of its natural resources reserves, which exceed $16 trillion in current market value, at a time when it ranks first in the world in the concentration of natural resources per square kilometer,"
Government Advisor: Iraq Is The World's First In The Concentration Of Natural Resources Per Square Kilometer
Politics | - 01/02/2025 Mawazine News – Baghdad The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Thursday, that Iraq ranks first in the world in the concentration of natural resources per square kilometer, while indicating that the natural resources renaissance project will come in parallel with the development path strategy.
Salih told the official agency, followed by "Mawazine News", that "since Iraq ranks ninth in the world in the value of its natural resources reserves, which exceed $16 trillion in current market value, at a time when it ranks first in the world in the concentration of natural resources per square kilometer,"
noting that "the features of the country's future in a comprehensive renaissance will depend on transforming these natural sovereign resources into productive capital assets employed in the movement of diversifying the national economy."
He added, "This requires an economic model in managing and investing in diverse resources (except for oil and gas)," noting that "the closest to mind is the manufacture of natural resources that can be manufactured to generate value-added chains that maximize national income and generate accelerated opportunities for sustainable development in our country, whether towards export or export substitution."
He pointed out that "the natural resources renaissance project will undoubtedly come in parallel with the development path strategy in generating a leading industrial renaissance in the national economy, which is Iraq's outline in building the future of its economy for the twenty-first century in two directions: the first is the export-oriented development model, and the other is the development model directed towards maximizing input-output tables and replacing imports within the national economy.
He continued that "the national market is in the formation and development stage, and the government program strategy is approaching the philosophy of partnership through the concept of the social market, because the state's contribution to the gross domestic product (national income) is close to 65%, and this requires an important role for the state in economic legislation and laws.
Saleh explained that "improving the entity of the national market and building its role stems from two directions: the first is providing market guarantees by approving the Social Security Law for the labor and business sector, and the second is the financing partnership by providing soft financing for the forces generating market activity responsible for absorbing 60% of the labor force,"
noting that "the beginning is in the Riyada program led by Prime Minister Mohammed Shia al-Sudani, by providing the necessary financing to employ youth in productive national projects, in addition to preparing to launch Riyada Bank for the same purpose without neglecting the major role of the Iraq Development Fund."
He added: "In 2037, Iraq will become one of the nations of the housing grant, as young people of working age will dominate 60% of the population," adding that "the national strategy for the private sector will increase the contribution of the private sector to more than 53% of the gross domestic product within the next ten years."
Saleh concluded by saying, “My message to the Iraqi people is to abandon the fear of worrying about the current oil economy and its connection to the consumption cycle, part of whose luxuries we live, and to look forward to a productive era to come, an era of investment in Iraq’s vast material and human wealth, an era of diverse material and digital production that is intertwined with the global economy and the two arms of the path of development and investment in natural resources and diversification of production networks in the national economy that guarantee human well-being and the sustainability of its development in our country.” https://www.mawazin.net/Details.aspx?jimare=258155
Consultant Reveals The Mechanism Of The ASYCUDA Monitoring Operations Room And The Gains Achieved
Money and business Economy News – Baghdad Ahmed Ezz El-Din, a consultant for the border crossings networking project, revealed on Thursday the positives of the work of the border crossings’ monitoring operations room that applies the ASYCUDA system and the economic gains achieved, noting that it will greatly reduce the operations of forgery and manipulation of cargo.
Ezz El-Din said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "the monitoring operations room at the border crossings, which represents the infrastructure for the (ASYCUDA) system, was finally activated after the completion of the network connection between all the crossings and is of great importance in reducing forgery and manipulation operations. Its activation took time and there were many challenges. Without this connection, it would not have been possible to activate the ASYCUDA system."
He added, "The operations room applied the highest levels and the latest technologies that the world has reached, and the connection was made via (Fiber Optic) technology, which provides high speed. Today, the entry of goods and all operations from the entry of trucks until their exit from the crossings and all customs procedures are subject to the control of the operations room.
" He continued, "An example of this is the (sonar) device, which displays live images transmitted by cameras for all trucks present at the crossing, and monitoring takes place inside the crossing and inside the operations room, which makes it impossible to tamper or even pressure employees at the crossings; because the process is fully monitored."
He stressed that "in addition to that, all operations are automated, such as databases and restrictions, which are recorded and verified, and it is possible to refer to this data at any time, in addition to the availability of backup copies within the National Data Center."
He pointed out that "the operation succeeded in increasing the ports' revenues despite the decline in the number of trucks entering, and activating the room within the (ASYCUDA) system greatly reduced manipulation and smuggling."
He explained that "all employees working in this system have entered courses supported by the European Union and now have the necessary experience to deal with it as employees, and they have also entered courses as trainers to train new cadres."
101 views 01/02/2025 - https://economy-news.net/content.php?id=51552
Oil Prices Rise Again During Thursday's Trading
Buratha News Agency1172025-01-02 Oil prices rebounded on Thursday, the first trading day of 2025, as investors optimistically eyed a recovery in China’s economy and fuel demand after President Xi Jinping pledged to boost growth. Brent crude futures rose $1.04, or 1.39 percent, to $75.68 a barrel by 12:05 GMT, after closing 65 cents higher on Tuesday, the last trading day of 2024.
U.S. West Texas Intermediate (WTI) crude futures rose $1.02, or 1.42 percent, to $72.74 a barrel.
China will implement more proactive policies to boost growth in 2025, the Chinese president said in his New Year's speech on Tuesday.
China's factory activity grew in December, but at a slower pace than expected, amid concerns about the trade outlook and potential risks from tariffs imposed by U.S. President-elect Donald Trump, a Caixin/S&P Global survey showed on Thursday.
That was in line with an official survey released Tuesday, which also indicated that manufacturing activity in China barely grew in December.
The services and construction sectors recovered, and data suggests that policy stimulus is spreading to some sectors as China braces for new trade risks. https://burathanews.com/arabic/economic/454482
Foreign Remittance Service
January 02, 2025 We would like to inform all licensed banks and all licensed non-banking financial institutions to allow Global Odeme Hizmetleri to provide the foreign remittance service within a credit agreement concluded with this bank, in addition to the companies ( Western Union ) and ( MoneyGram ) For more click here https://cbi.iq/static/uploads/up/file-173581707031107.pdf
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approximate and incomplete translation of https://cbi.iq/static/uploads/up/file-173581707031107.pdf
All authorized banks
All licensed financial institutions are all authorized
foreign transfers service /p
Later on our book No. 456/5/9 in 2021/12/12 and the work controls of the agents of the foreign transfers service providers issued
Under the numbers (353/5/9) on 2021/10/13,
We would like Global Odeme Hizmetleri providing foreign transfers service within an accreditation agreement (Western Union), (Moneygram),
Above according to the form of the company's contract format approved by this bank: to provide the external transfers service.
With appreciation. https://cbi.iq/news/view/2756
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Evening 1-2-25
Good Evening Dinar Recaps,
HOW DISTRIBUTED LEDGER TECHNOLOGY CAN ENHANCE CROSS BORDER PAYMENT SOLUTIONS
Over the last few years, financial institutions around the world have embraced tokenization for capital market asset management. Kelvin Li, Head of Platform Tech and Jessica Cao, Head of International Financial Institutions Partnerships at Ant International, discuss how distributed ledger technology can be leveraged with tokenized assets to enable interoperability.
Tokenization as a concept can have different meanings. In the domain of payments and settlement, it typically refers to the integration of new technologies to either expand their capabilities or improve their performance through distributed ledger technology (DLT).
Good Evening Dinar Recaps,
HOW DISTRIBUTED LEDGER TECHNOLOGY CAN ENHANCE CROSS BORDER PAYMENT SOLUTIONS
Over the last few years, financial institutions around the world have embraced tokenization for capital market asset management. Kelvin Li, Head of Platform Tech and Jessica Cao, Head of International Financial Institutions Partnerships at Ant International, discuss how distributed ledger technology can be leveraged with tokenized assets to enable interoperability.
Tokenization as a concept can have different meanings. In the domain of payments and settlement, it typically refers to the integration of new technologies to either expand their capabilities or improve their performance through distributed ledger technology (DLT).
According to a 2024 McKinsey report, the tokenized asset market is projected to grow to $1.9T by 2030, with tokenized deposits projected to reach a market capitalization of $1.1T and other assets classes making up the remaining $0.8T.
The nature of tokenized deposits could inherently lend itself to facilitate near real-time in a cross border environment. The current offering of tokenized deposits is bounded by a single platform or issuer, while cross border payments entail different currencies and payment systems. This means that tokenized deposits would need a way to be exchanged to ensure the transfer of funds from one jurisdiction to another can be completed end-to-end.
Considering its potential to revolutionize cross border payments, leading industry players are working towards an interoperable tokenized asset ecosystem that could address these challenges. One solution could be a token exchange model enabled by liquidity providers. While liquidity provision is not a novel concept, innovation in the Web 3.0 space, by platforms such as Uniswap, significantly popularized and advanced the concept by making liquidity provision more accessible. In the regulated world, a similar model can be borrowed to incentivize liquidity provision.
At a mature stage where token types are no longer a barrier to payments, we then can reap the benefits of DLT to enable lower costs, real-time atomic payments, more efficient reconciliation and more secure transmissions, bringing about the next evolution of cross border payments.
Enabling Liquidity Providers in Token Exchange
Liquidity providers would play a key role in facilitating cross-issuer or cross-currency tokenized deposit transfers. In this context, the liquidity provider would perform the token exchange and provide the price quotation for different token pairs. Leveraging smart contracts, the liquidity provider can perform on-chain fulfilment of the token swap, ensuring transparent, immutable and secure transactions to occur in real-time. In addition, programmability embedded in the tokens, such as conditional payments, would be able to enhance transaction efficiency and flexibility.
For example, conditional payments can automate processes such as releasing funds only when predefined conditions are met, reducing the need for intermediaries for lower cost and mitigating risks of disputes.
This programmability can also enable features like automated compliance checks, escrow arrangements, or milestone-based disbursements, all of which can streamline operations.
While liquidity providers are rewarded with liquidity cost and price spread, the entry of more liquidity providers will unlock additional liquidity. Additionally, liquidity providers could exchange tokenized deposits with each other, creating a more robust and interconnected liquidity network.
This would further enhance market efficiency by enabling seamless transfers and price discovery across different currencies and platforms.
We do recognize the potential drawbacks of this structure, such as the risk of liquidity fragmentation, as liquidity providers would need to separately fund both fiat and token accounts. This could lead to higher costs and, consequently, less efficient price discovery.
However, this structure can be more inclusive compared to existing payment services, potentially driving higher efficiency in cross border payments from end to end.
Ant International’s Multi-Currency Tokenization Deposit for FX Payments
At Ant International, due to the global nature of e-commerce transactions, we initiate and receive payments around-the-clock in multiple jurisdictions. We are piloting an approach for a deposits token exchange model.
Partnering with a liquidity provider, we facilitated cross border payments by leveraging banking partners to provide off-chain FX pricing through Price Oracle.
The tokens used to complete the cross border payments were denominated in different currencies and by different issuers. We found that the token exchange model was a potential solution for cross border payments using tokenized deposits and intend to scale up this usage in the future.
With the tokenized asset market and global business-to-business payments market set to increase exponentially in the coming years, financial institutions have started to review and enhance their existing solutions and infrastructure to ensure they are strategically positioned to support this growth. But one asset class or a single financial institution alone will not make a big enough impact.
In order to enhance cross border payment solutions across the entire industry, public-private collaboration still remains key, through industry-wide initiatives. We have already seen a number of forward-looking central banks and regulators launch such programs, which are still ongoing.
These projects will not only help to advance existing technology, they also have the potential to enhance existing laws and regulations and ensure that the key users and beneficiaries of tokenization are protected.
@ Newshounds News™
Source: Ledger Insights
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CHINA’S NEW RULES FORCE BANKS TO FLAG TRANSACTIONS WITH CRYPTO: REPORT
China’s new rules require banks to flag risky transactions, including those involving crypto, making it harder for mainland investors to trade digital assets.
China‘s foreign exchange regulator, the State Administration of Foreign Exchange, has rolled out new rules requiring banks to keep a closer eye on transactions involving digital assets, the South China Morning Post has learned, citing the regulator’s announcement.
The rules, applicable to local banks in mainland China, focus on identifying “risky foreign exchange trading behaviors,” the report reads. These include underground banking, cross-border transactions involving crypto, and illegal financial activities.
Banks now have to track transactions by checking things like who’s involved, where the money is coming from, and how often the trades are happening. Additionally, Chinese banks are also expected to create risk-control measures for these entities and limit their access to certain services, the report says.
The new rules are part of China’s push to tighten control over crypto, including Bitcoin trading and mining, which officials see as a risk to financial stability.
China has taken a tough stance on crypto over the years. Back in 2017, Beijing banned initial coin offerings and shut down domestic crypto exchanges to prevent financial risks. By 2021, things escalated with a full ban on crypto trading and mining. Despite these restrictions, it’s still technically legal for individuals to hold digital assets, though the gray areas in regulation keep things complicated.
@ Newshounds News™
Source: Crypto News
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Evening News with MarkZ and special guest Dr. Scott Young. 01/02/2025
Evening News with MarkZ and special guest Dr. Scott Young. 01/02/2025
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 evening Dr. Scott! Good evening Mark, mods and friends!
Member: May 2025 be our best year ever!!
Evening News with MarkZ and special guest Dr. Scott Young. 01/02/2025
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 evening Dr. Scott! Good evening Mark, mods and friends!
Member: May 2025 be our best year ever!!
Member: I know a lot of people were thinking today was RV day …I’m a bit disappointed it didn’t happened today
Member: Hoping Mark has big RV news tonight.
MZ: I love this one: “Iraq ranks first in the world in the concentration of natural resources” Iraq has the highest per kilometer of natural resources in the entire world –oil, gas, precious metals, minerals, gold and rare earth minerals……and more. Trust me they have value to support a higher currency.
Member: if this RV is a private event, is it necessary for the rate to be put on forex? Wouldn’t this make it a public event?
MZ: it is and it isn’t a private event….If you look at how Kuwait did it. It was about 10 days before they put it on forex.
Member: If we aren't going to see it on the forex right away, where can we see it?
Member: Best bet is the CBI- imo
Member: Mark, have you heard word from your bond people today?
MZ: I have so many contacts that have arrived back in their positions this morning in banking, groups and bonds. But I am hitting a wall…..getting silence. Several yesterday said they would check in with me and I am getting nothing. Not sure if its good news or bad news.
Member: I am new…. What is the difference between Tier1, Tier2,Tier 3, Tier 4a and Tier 4b re: payment for RV?
Member: This is older- but I believe it’s still accurate. There are 5 Tiers of folks Exchanging. Tier 1-governments and royalty Tier 2-whales-elite with platforms of currency, corporations, etc. Tier 3-Admirals Group, American Indians, CMKX, large church groups (like the Mormons), etc. Tier 4-all the hundreds of thousands paying attention to intel - internet groups(all of us). Tier 5- those who never paid attn - the general public.
Member: Our lives are shaped not as much by our experiences as by our expectations. Expect good things.
Dr. Scott Young joins the stream tonight. Please listen to the replay for his information and opinions
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.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraq Economic News and Points to Ponder Thursday Afternoon 1-2-25
Is The Ministry Of Finance Hiding The Facts? A Specialist Reveals The Main Reason For The Lack Of “Cash Liquidity”
Economy/Localities | Yesterday, 23:29 |Baghdad today – Baghdad Economic affairs researcher Haider Al-Sheikh revealed today, Wednesday (January 1, 2025), the direct reason behind the lack of cash liquidity at the Central Bank of Iraq.
The sheikh told "Baghdad Today", "The Central Bank lacks cash liquidity, due to the citizen's lack of confidence in the banking system.
Is The Ministry Of Finance Hiding The Facts? A Specialist Reveals The Main Reason For The Lack Of “Cash Liquidity”
Economy/Localities | Yesterday, 23:29 |Baghdad today – Baghdad Economic affairs researcher Haider Al-Sheikh revealed today, Wednesday (January 1, 2025), the direct reason behind the lack of cash liquidity at the Central Bank of Iraq.
The sheikh told "Baghdad Today", "The Central Bank lacks cash liquidity, due to the citizen's lack of confidence in the banking system.
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There is a lack of confidence among the citizen in both government and private banks, and this matter has led to the storage of cash (the Iraqi dinar) in citizens' homes."". He stated,
“The cash stored with citizens exceeds 15 trillion dinars, and the government and the central bank must address inflation in economic policies by providing banking facilities to citizens in a real and more serious manner.” The researcher in economic affairs added,
“The currency circulating among banks, merchants, and in the market as well, amounts to approximately 85 trillion dinars.”
On Sunday (December 2024), the Ministry of Finance denied that there was a shortage of liquidity to finance employees’ salaries for the current month, stressing its commitment to financing salaries.
The Ministry stressed in a statement received by “Baghdad Today” that
it is “fully committed to the process of financing employee salaries, as the Accounting Department has funded the salary dues for ministries, governorates, and unrelated entities for the current month of December according to the schedules specified for each of them, and it is continuing its efforts to ensure the continuity of disbursing financial dues.” Without any delay or interruption.”
https://baghdadtoday.news/265093-هل-تخفي-وزارة-المالية-الحقائق؟.-مختص-يكشف-السبب-الرئيس-لنقص-السيولة-النقدية.html
Hassan Al-Daghari: Developing The Iraqi Financial Sector Is An Urgent Need
December 31, 2024 Last updated: December 31, 2024 Independent/- Financial affairs expert Hassan Ali Al-Daghari described Iraq's need for an advanced financial sector as necessary and inevitable in light of the continuing need to develop the reality of the national economy. Al-Daghari said:
The volume of work in Iraq is wide and in all sectors without exception, which demonstrates the need for a financial sector capable of providing advanced financial products.
He pointed out the importance of there being harmony between the Central Bank of Iraq and the private banking system, including banks that have proven their existence and have not been subjected to the sanctions imposed by the US Federal Reserve.
He pointed out that the private financial sector is moving to prove its presence and qualitative presence within the work space, and this requires the support and support of the Central Bank of Iraq.
https://mustaqila.com/حسن-الدغاري-تطوير-القطاع-المالي-العرا/
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An Economist Praises The “Asykoda” Automation System: A Step Towards Achieving Important Resources
January 1 12:33 Information / Baghdad.. Economic expert Nabil Al-Ali confirmed, on Wednesday, that the government announced that it would start, from the first of this year, completing the infrastructure to connect all border crossings, by starting to use the “Asycoda” automation system, which will contribute to achieving important financial resources for the public treasury.
Al-Ali said in a statement to the Maalouma Agency, “Completing the linking of the border crossings to an electronic system called (ASYCUDA) is a qualitative leap towards cutting off corruption, in addition to that it will provide the public treasury with high financial resources.” He added,
"Applying automation at border crossings by achieving automation in ministries and institutions, including the e-government project, and providing electronic payment services." He pointed out that
"implementing it will contribute to
enhancing transparency and accountability,
simplifying procedures,
facilitating services, and
reducing bureaucratic obstacles, in addition to
establishing good governance and
combating corruption." Ended / 25 AD
https://almaalomah.me/news/86953/economy/اقتصادي-يشيد-بنظام-الاتمتة-الأسيكودا:-خطوة-باتجاه-تحقيق-موار
Strong Demand Lifts Gold Prices To Two-Week High
Gold bullion. Reuters Arabic and international Economy News - Follow-up Gold prices hit a two-week high on Thursday, supported by safe-haven buying and a decline in U.S. Treasury yields, with focus on U.S. interest rate expectations ahead of President-elect Donald Trump's proposed trade tariffs.
Spot gold rose 1 percent to $2,649.73 an ounce by 14:46 GMT, its highest since Dec. 18.
U.S. gold futures rose 0.8 percent to $2,663.20 an ounce.
Benchmark 10-year U.S. Treasury yields fell, boosting investor appetite for the non-yielding metal.
"I don't see anything on the news that's moving the market, but geopolitics is supporting the market," said Ronna O'Connell, an analyst at StoneX, referring to international tensions as well as financial uncertainty, especially ahead of Trump's inauguration.
Lower interest rates make gold more attractive as a hedge against economic and geopolitical risks.
The market is now awaiting a fresh set of catalysts, including a series of US economic data due next week that could impact interest rate expectations for 2025.
Gold hit several record highs in 2024, rising 27 percent, its biggest annual gain since 2010, amid interest rate cuts by the US Federal Reserve, aggressive buying by central banks and rising geopolitical tensions.
Trump's presidential term is scheduled to begin on January 20.
Proposed tariffs and protectionist trade policies are expected to raise inflation and could spark trade wars, increasing gold's appeal as a safe haven.
As for other precious metals, silver in spot transactions rose 2.1 percent to $29.48 per ounce.
Palladium rose 1.3 percent to $922.04 an ounce, while platinum rose 2.1 percent to $922.85 an ounce.
52 views Added 01/02/2025 - https://economy-news.net/content.php?id=51560
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 1-2-25
Good Afternoon Dinar Recaps,
BINANCE MADE HISTORY: FIRST CRYPTO EXCHANGE TO SECURE BROKER-DEALER LICENSE IN BRAZIL!
▪️Binance crypto exchange secures broker-dealer license in Brazil.
▪️Richard Teng highlights Binance’s dedication to compliance and Brazil’s clear crypto regulatory framework.
▪️Brazil marks Binance's 21st regulatory milestone, solidifying its global leadership in crypto markets.
Good Afternoon Dinar Recaps,
BINANCE MADE HISTORY: FIRST CRYPTO EXCHANGE TO SECURE BROKER-DEALER LICENSE IN BRAZIL!
▪️Binance crypto exchange secures broker-dealer license in Brazil.
▪️Richard Teng highlights Binance’s dedication to compliance and Brazil’s clear crypto regulatory framework.
▪️Brazil marks Binance's 21st regulatory milestone, solidifying its global leadership in crypto markets.
Binance, the world’s leading cryptocurrency exchange, has made a significant move in Brazil by securing approval from the Central Bank of Brazil to acquire a licensed broker-dealer institution. This marks Binance’s 21st global regulatory achievement, and it’s a big win for the platform in Latin America’s largest market.
Binance’s New License in Brazil
With the full approval to take over Sim;paul, a licensed broker-dealer, Binance can now operate with even more efficiency in Brazil. The license not only allows Binance to distribute securities and issue electronic money, but it also makes Binance the first crypto exchange to hold a broker-dealer license in the country.
This new approval positions Binance to better comply with Brazil’s growing regulatory framework for crypto assets.
However, Richard Teng, Binance’s CEO, expressed his excitement about the approval on X. He said Brazil is a growing crypto market, and this approval shows Binance’s commitment to following the rules while offering a safe platform for its users. Teng thanked local regulators for their work in setting clear rules for the industry.
Brazil’s Efforts to Regulate Crypto
Brazil, ranked 10th in the global crypto adoption index, is taking steps to regulate the crypto industry. The Central Bank and IRS have created proposals for new rules and are asking experts and the public for feedback.
Additionally, legislators in the country are discussing bills related to asset segregation and stablecoins, signaling a future-forward approach to crypto regulation.
Binance’s Expanding Global Reach
This approval is just one example of Binance’s commitment to global expansion. The company has also received regulatory approval in other countries like Argentina, India, Kazakhstan, and Indonesia. Binance holds licenses in places like Dubai, France, Japan, and El Salvador, showing its global reach and commitment to following rules everywhere.
@ Newshounds News™
Source: Coin Pedia
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MEMBERS OF US CONGRESS BACKED BY CRYPTO PACS TO TAKE OFFICE ON JAN. 3
Interest groups suggested that a majority of lawmakers in the US House of Representatives would be “pro-crypto” after the 2024 election.
United States lawmakers who benefitted from support from the cryptocurrency industry in their respective 2024 primaries or elections will soon be sworn into office for the 119th session of Congress.
Crypto executives and political action committees (PACs) like Fairshake and its affiliates poured millions of dollars into media buys to support “pro-crypto” candidates in the 2024 election cycle, which could have contributed to some politicians winning in certain tight races across the country.
One of the most high-profile elections saw Republican Bernie Moreno defeating incumbent Ohio Senator Sherrod Brown by roughly 200,000 votes after the Defend American Jobs PAC spent more than $40 million.
According to data from the election influence tracking website Follow The Crypto, 10 new members of the US Senate expected to be sworn in benefitted in some way from funding from the cryptocurrency industry.
From a $6,600 individual contribution from Ripple co-founder Chris Larsen to Maryland Senator Angela Alsobrooks to more than $10 million from the Protect Progress PAC — also a Fairshake affiliate — to support Michigan Senator Elissa Slotkin, crypto money arguably influenced the composition of the next US Senate just as much if not more than other special interest groups.
The makeup of the US House of Representatives is a similar story, with 63 new members taking office in January. Fairshake and its affiliates poured millions of dollars into primary races in 2024 to support both Democratic and Republican candidates who had expressed views favoring the crypto industry.
In one of its biggest expenditures resulting in a win for the candidate, Protect Progress spent roughly $1.7 million in media buys to back Alabama Representative Shomari Figures over Anthony Daniels in the primary for the state’s 2nd Congressional District. Some House candidates, including Texas Representative Sylvester Turner, appeared to have not received any support from crypto executives or PACs.
No signs of crypto money stopping in the next election cycle
According to the advocacy group Stand With Crypto — which also attempted to influence US voters to choose candidates it considered favorable to the industry — roughly 270 lawmakers in the next session of Congress will be “pro-crypto,” with a clear majority in the House.
The composition of both chambers could affect legislation in 2025 on how to regulate crypto in the US through proposed bills like the Financial Innovation and Technology for the 21st Century Act (FIT21).
After their 2024 election wins, some in the industry have suggested that they will continue their approach to supporting candidates in the 2026 midterms and beyond. As of November, Fairshake reported having roughly $103 million to be used for the 2026 election cycle, primarily funded by Coinbase and Ripple. All 435 House members, serving two-year terms, will be up for election again at that time.
@ Newshounds News™
Source: CoinTelegraph
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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“Bits and Pieces” in Dinarland Thursday Afternoon 1-2-2025
KTFA:
Clare: Instructions and standards for the circulation and exchange of banknotes and the mechanisms for counting and sorting
December 29, 2024
In continuation of our circular No. (34/4/9) dated 1/15/2024, regarding the unification and updating of controls and instructions for the standards for the circulation and replacement of banknotes, we attach the principles, standards and instructions that will be adopted in the counting, sorting, receipt and delivery of banknotes operations .
KTFA:
Clare: Instructions and standards for the circulation and exchange of banknotes and the mechanisms for counting and sorting
December 29, 2024
In continuation of our circular No. (34/4/9) dated 1/15/2024, regarding the unification and updating of controls and instructions for the standards for the circulation and replacement of banknotes, we attach the principles, standards and instructions that will be adopted in the counting, sorting, receipt and delivery of banknotes operations . For more , click here.
Clare: Foreign remittance service
January 02, 2025
We would like to inform all licensed banks and all licensed non-banking financial institutions that Global Odeme Hizmetleri is allowed to provide foreign remittance services within a credit agreement concluded with this bank in addition to Western Union and MoneyGram . For more information, click here . LINK
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Clare: Al-Saadi: Closing the dollar selling platform will not affect its prices
1/2/2025 Information / Anbar..
Economic expert Rashid Al-Saadi confirmed today, Thursday, that stopping the work of the electronic platform for selling the dollar does not affect the rise in the price of the US currency, noting that the decision came as a result of pressure from the US Federal Reserve and internal parties.
Al-Saadi said in a statement to the Al-Maalouma Agency, “The platform was a form of control imposed by the US Federal Reserve, and its cancellation allows Iraq to return to the banking system that was in effect before 2003, where the merchant relied on the correspondent bank without the need for this system imposed by America.”
He added that "the Central Bank of Iraq has started a plan to deal with a basket of foreign currencies to compensate for the dollar and open up to foreign banks, with the aim of reducing dependence on the US dollar," stressing that "closing the platform did not significantly affect the rise in the dollar price as some media outlets promoted.”
He pointed out that "the Central Bank allowed 36 banks to deal with other foreign currencies, including those covered by US sanctions, to mitigate the damage caused by reliance on the dollar." LINK
****8******
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:They're giving us instructions now on TV and standards. They call it for the circulation and exchange of bank notes. They tell us this mechanism is a unification...These are instructions on how to bring in our 3-zero notes... They just told us this mechanism will include a form of counting and sorting currency. They say this will be implemented 2nd of January. FRANK: This is great news.
MarkZ [via PDK] Question: What’s the latest rates you have heard on dinar and dong Mark? MarkZ: the latest I have heard is about $3.90 street rate on the dinar. Dong we have heard everything from .47 cents to almost $4.00… Most of my sources are still telling me to expect it in the $2 dollar range.
Advisor talking about natural resources in Iraq
Nader: 1-2-2025
BREAKING: Credit Card Defaults Surge 50%, Economic Meltdown Accelerates
Taylor Kenny: 1-2-2025
Credit card defaults in the U.S. have surged to their highest levels since the 2008 financial crisis. But this isn't just about delinquent payments—it's a sign of deeper economic instability fueled by unsustainable debt and widening inequality. In this video, we uncover the real story behind the numbers and how it could impact you.