Goldilocks' Comments and Global Economic News Tuesday Evening 1-16-24

Good Evening Dinar Recaps,

Iraqi Banking Announcement:   A new decision from the Central Bank (document)

 01-14-2024 | 15:58   Baghdad  According to a document issued on January 9, 2024, the Central Bank directed licensed banks to allow borrowers to repay debts in Iraqi dinars.

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"Cosmos-based Layer 1 blockchain Injective   INJ +1.37% has released a main net upgrade named Volan. Central to the upgrade is the integration of a software module focusing on real-world assets (RWA)."

Here we go. The production and movement of real-world assets are currently being interfaced or connected to the QFS through Volan.

Individuals, institutional investors, and users will be able to use these products. Tokenized fiat currency pairs (foreign exchange opportunities), treasury bills, and exclusive credit products are just some of the items that will be included in this network.

Digital Transmission of voice, video, data, and other network services over digitalized circuits are some of the ways communication takes place over the QFS to complete and finalize transactions between two parties.

Volan is and has been in the process of expanding its networks to other networks around the world. There are many ways a network can populate and connect to other real-world assets on other networks.

The world is changing in ways none of us could have even imagined and creating a new Financial landscape that has never been possible until now.

Gold makes every bit of this possible. It will give real-world assets a real value allowing the QFS to make accurate mathematical calculations that will allow transactions to go through efficiently and rapidly over secure networks. This is why gold in hard assets is being stored around the world in central banks to achieve this worldwide transition.    (https://www.theblock.co/price/248408/injective-inj-usd)

© Goldilocks
The Block Link 
NY Sun Link

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"Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their large bank capital proposal (https://www.federalregister.gov/documents/2023/09/18/2023-19200/regulatory-capital-rule-large-banking-organizations-and-banking-organizations-with-significant) to increase the strength and resilience of the banking system."

Do you remember this article back in October the 20th of 2023? Well, we have reached this benchmark. Today, we will begin the process of utilizing and adjusting Capital requirements in gold to be infused into the new digital economy as needed until we reach the March 11th, 2024 deadline whereby old money will no longer be supplied for the new economy. This was stated last week in a recent article.

In other words, we are in transition from the old Financial system to the new one whereby the injection of real values will be injected into our new economy until we are fully transitioned.  OCC Link

© Goldilocks

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"Big US Banks to Call on Fed to Rewrite Contentious Bank Capital Rule"

This struggle has been going on for some time, but it is rare that the Fed rewrites any changes that they make.

This is the time where the implementation of Basel 3 begins. Rarely, does anything in this world go into effect without opposition, but they have to start somewhere.   US News Link

© Goldilocks

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Everything you need to know to prepare for the Jan 30th Protocol 20 vote, bringing smart contracts to Stellar Mainnet 👇

1/ We're officially two weeks out from Jan 30, 2024.

That means we're two weeks out from the Protocol 20 vote, which brings Soroban to Stellar Mainnet.

2/ Protocol 20 will mark the most transformative upgrade to the Stellar network to date.

And to preserve the network's performance, security, and stability during this time, the ecosystem has agreed to a phased rollout for Soroban transactions.

3/ Following a positive validator vote, Phase 0 begins, which is designed to allow network operators to observe the network after the upgrade, and not intended for end users to interact with applications.

During Phase 0, developers are encouraged to continue utilizing Testnet.

4/ In Phase 1, builders gain the ability to deploy contracts on Mainnet for testing. Like Phase 0, this environment is not meant for application users.

As Phase 1 progresses, smart contract usability will expand based on network health and user feedback.

5/ Phase 2 marks the start of a user-ready Mainnet where anyone can deploy and interact with smart contracts.

In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network.

6/ We plan to communicate early and often during each phase as changes are made and the network builds towards full capacity.

In the meantime, please ensure all of your relevant software is upgraded in preparation for Protocol 20 👇
Twitter Link
Stellar Link

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In 2 weeks, we will be ready for the upgrade vote that is expected to allow us to move forward with the integration of Quantum Technologies around the world.

At this time, you can expect fluctuations in the market as many assets being tokenized and interfaced with Global Markets around the world will bring our markets and banking system into alignment with one another under the new digital asset-based trading system and Basel 3 compliance protocols.

© Goldilocks

https://stellar.org/blog/developers/protocol-20-upgrade-guide

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BlackRock (BLK) CEO Larry Fink Sees Value in Ether ETF Day After Bitcoin ETF Goes Live | CoinDesk
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USDC Issuer Circle Internet Files to Sell Shares to the Public | Coin Desk

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Visa debuts Web3 loyalty program 

“Our new innovative digital loyalty solution empowers brands to reward customers not only for their transactions but for their active engagement, paving the way for secure, seamless and immersive digital and real-world experiences at their fingertips.”5 days ago.  |   Payments Dive 

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Ripple and Stellar Enter Trillion-Dollar Market to Compete Swift | CryptoNewsFlash Link

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BIS concludes Project Aurora, a proof of concept based on the use of data, technology, and collaboration to combat money laundering across institutions and borders
https://www.bis.org/about/bisih/topics/fmis/aurora.htm

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The Treasury Department and the IRS have recently released Proposed Regulations under Section 45X of the Internal Revenue Code of 1986, as amended, pertaining to the Advanced Manufacturing Production Credit. Section 45X offers tax credits for eligible clean energy components produced by a taxpayer in the U.S. or its territories and sold to an unrelated person during a taxable year.

Overall, the Proposed Regulations aim to provide clarity on eligibility criteria, production activities, related-party transactions, and specific definitions to facilitate the application of the Advanced Manufacturing Production Credit. Comments on these regulations are due by February 13, 2024, with a public hearing scheduled for February 22, 2024.
https://www.jdsupra.com/legalnews/proposed-regulations-for-advanced-3163485/

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Do you see all of these moving parts in these articles today? Each of them are being integrated into the new Quantum Financial System.

We will continue to monitor them as we assess where we are in the process of finalizing this new system that includes more than just money.

This whole financial system is coming alive this year and integration will be going on for many years, but the payment system and monetary changes will be leading the charge soon in our new digital asset-based training system.

© Goldilocks

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CIRCLE CEO: STABLECOINS- 2024

https://twitter.com/Megan7560964546/status/1747274626387108082?t=zo6XeRUq7sMan8uBFmGfyw&s=09

👆  Goldilocks pointed to this article

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JPMorgan is forecasting that the newly approved spot bitcoin ETFs could siphon off up to $36 billion from other cryptocurrency products like the Grayscale Bitcoin Trust. While the bank is skeptical about new capital entering the crypto market, it predicts this significant migration from existing crypto products to the new spot ETFs will be primarily driven by lower fees.   Coindesk

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Dying dollar? How the role of the US currency is becoming more limited
https://www.firstpost.com/explainers/dying-dollar-how-the-role-of-the-us-currency-is-becoming-more-limited-13615592.html

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China Awarded Major Contract By Iraq For Supergiant Oil And Gas Field  | OilPrice 

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What Is Digital Asset Trading? Digital assets are anything created and stored virtually, which are perceived to have value. Powered by blockchain technology, digital assets include cryptocurrencies, non-fungible tokens (NFTs), asset-backed tokens and tokenized real estate. Nov 17, 2022 Caleb and Brown

👆 Remember, "Digital Asset Based Trading System" This is the real name you have heard me refer to the new system as for the last two and a half years. Sometimes, I refer to it as the QFS, but the real name is a digital asset-based trading system.

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NESARA/GESARA - Legislation To Free Humanity Or Mega HOAX?

https://www.youtube.com/live/Fdu1NgsszMI?feature=shared

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