Seeds of Wisdom RV and Economic Updates Friday Afternoon 12-20-24
Good Afternoon Dinar Recaps,
US COURT SCHEDULES KEY DATES FOR RIPPLE CASE
▪️The US Court of Appeals sets critical dates for the Ripple lawsuit.
▪️Bradley Sostack must submit key documents by specified deadlines.
▪️Ripple remains hopeful amidst ongoing legal challenges with the SEC.
Good Afternoon Dinar Recaps,
US COURT SCHEDULES KEY DATES FOR RIPPLE CASE
▪️The US Court of Appeals sets critical dates for the Ripple lawsuit.
▪️Bradley Sostack must submit key documents by specified deadlines.
▪️Ripple remains hopeful amidst ongoing legal challenges with the SEC.
The United States Court of Appeals has announced important dates related to a new lawsuit filed by Bradley Sostack against Ripple $2. The court will outline filing deadlines and the dates for presenting major arguments during the appeals process.
Ripple Case Dates
The appellate court received the appeal notification concerning the Ripple case and assigned a case number. The court requested that any motions filed in this process be submitted individually.
Plaintiff Bradley Sostack must submit the Mediation Questionnaire by December 23. The court also expects to receive the Appeals Transcript Order and the Appeals Transcript by December 31 and January 30, respectively.
The plaintiff will initiate the appeals process by submitting the opening brief on March 6 against Ripple and CEO Brad Garlinghouse. Ripple Labs, XRP II, and Garlinghouse are required to respond to the plaintiff’s main assertion by April 7, 2025.
“If there are reported hearings, parties should identify transcripts and make assignments mutually if necessary” – Court
Previous Court Rulings
Ripple, having benefited from prior dividend court rulings, has been appealed by Bradley Sostack. Judge Phyllis Hamilton approved the request to modify the decision and hearing request in the XRP case.
The lawsuit between Ripple and the SEC continues in the Second Circuit Court of Appeals. Ripple executives and the crypto community remain hopeful about the dismissal or withdrawal of the case. SEC Chairman Gary Gensler’s resignation on January 20 has fostered optimism regarding the case’s future.
As developments unfold in the Ripple case, stakeholders are preparing for the ongoing process. Keeping track of the dates set by the court will be crucial for the case’s progression.
@ Newshounds News™
Source: Coin-Turk
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METALLICUS ACQUIRES FINTECH OPERATOR CONNECTED TO 70 CREDIT UNIONS
The acquisition brings Metal blockchain solutions to Bonifii’s portfolio of credit unions.
Digital banking and blockchain platform Metallicus recently announced the acquisition of fintech service company Bonifii, a credit union service operator (CUSO) connected to 70 credit unions.
The partnership will purportedly establish a separate CUSO for credit union partners that establish and deploy on The Digital Banking Network (TDBN), a multilayer blockchain network servicing the fintech and financial services industry.
According to a blog post from Bonifii, the organization is currently the only CUSO directly connected to a blockchain core developer.
Marshall Hayner, founder and CEO of Metallicus and board member of the Dogecoin Foundation, told Cointelegraph that the acquisition brought the company’s total credit union partners to more than 80, with more than 16 of those already leveraging Metal blockchain technology. He explained:
“Our plan is to continue onboarding more financial institutions and credit unions onto The Digital Banking Network, providing them with bespoke solutions that allow them to move onchain, enhance their operational requirements, reduce costs and enhance services for credit union members globally.”
Digital banking and FedNow
Metallicus has been among the more active blockchain firms in the digital banking space. Its early involvement in the US Federal Reserve’s FedNow digital payments system has positioned it as a core blockchain with inroads to US government programs.
FedNow is a digital payments infrastructure that allows qualified banking institutions to provide government-backed instant payment solutions to their customers. As Cointelegraph reported in May 2023, Metal Blockchain was one of the first chains accepted for integration with the program.
The recent acquisition of Bonifii could allow Metallicus to expand its footprint into the credit union space. Hayner told Cointelegraph that Bonifii president John Ainsworth will transition to the Metallicus team, where he will lead Metal Blockchain’s expansion into the credit union sector as General Manager.
A cursory review of the company’s finances indicates that, prior to the acquisition, Bonifii had raised roughly $20 million over several early investment and seed rounds. While details on Metallicus’ financials do not appear to be publicly available, CoinMarketCap reports a market capitalization of $13.65 million for the Metal Blockchain.
@ Newshounds News™
Source: CoinTelegraph
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TOP ECONOMIST SHARES WHY SILVER IS THE SAFEST BET RIGHT NOW | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Thank you Dinar Recaps
More News, Rumors and Opinions Friday Afternoon 12-20-2024
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 Fri. 20 Dec. 2024
Compiled Fri. 20 Dec. 2024 12:01 am EST by Judy Byington
Thurs. 19 Dec. 2024 Wolverine: The Bank of America system crashed today, leaving panicked customers 0 balances. “I have talked to Paymasters and Reno. It’s all coming before Christmas. Platforms have to be closed by Friday, so it should be released between now and Saturday Morning. All platforms need to be close off at the latest by Saturday so they can start releasing those funds.
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. 20 Dec. 2024
Compiled Fri. 20 Dec. 2024 12:01 am EST by Judy Byington
Thurs. 19 Dec. 2024 Wolverine: The Bank of America system crashed today, leaving panicked customers 0 balances. “I have talked to Paymasters and Reno. It’s all coming before Christmas. Platforms have to be closed by Friday, so it should be released between now and Saturday Morning. All platforms need to be close off at the latest by Saturday so they can start releasing those funds.
Thurs. 19 Dec. 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
All day Fri., Sat, Sun, Mon and Tues until noon, Redemption Center Staff are scheduled to work. They have Christmas off and go back to work the day after Christmas.
Iraq is no longer tied to the US Dollar, it is tied to BRICS
Iraq is sovereign and has been celebrating since last Saturday.
In the first ten days of Jan. 2025 R&R, increase of SS, NESARA, GESARA kicks in.
We could be notified overnight tonight or Friday morning 20 Dec.
You will receive an email from Wells Fargo telling you how to call the 800 number and will be calling a regional call center.
They are supposed to offer you the Contract Rate on the Dinar. If they don’t offer it to you, ask for it.
You need a picture ID, blue ink pen, user name, password, 5 digit Pin Code, new email address and another password to get into your new email.
You get a Quantum Card that is only used to move monies from your Quantum account to your Wells Fargo Account.
Have an amount in mind that you want to move from your Quantum account for the first 90 days.
They will give you a Q phone and perhaps a certificate for a Quantum computer.
They don’t want us to take out of our appointments any more than $1,500 in cash.
No interest is paid on your Quantum Account. 5-8% yearly interest is paid on your other bank accounts.
You should be in and out of your appointment in 30-40 min.
Your NDA could be 30 days to 6 months.
At your appointment you can tell them you have a dire need for a med bed.
At the Med Bed Centers there are two different Med Beds.
Med Bed Centers
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Wed. 18 Dec. 2024 TNT: Yes, we are going to get paid. Some are being paid right now. The RV is still going. Banks are awaiting a memo from the Feds. that the Feds will send out this afternoon. It will go between now and Friday 19 Dec. The new rates are still there and live. VIPs are still exchanging.
On Tues. 17 Dec. 2024 Ripple USD Stablecoin (RLUSD) launched, the Iraqi Dinar was being paid out at it’s new revalued rate of just under $8.00 in-country (the international rate has not yet stabilized on the Forex and wouldn’t be until Mon. 23 Dec); Rumors swirled that the Vietnamese Dong has followed suit and XRP went live.
Thurs. 19 Dec. 2024: EBS Shockwave Incoming: Over 200,000 Military Troops Mobilized for 10 Days of Truth, Global Arrests, Deep state Burns, and GESARA’s Wealth Transfer Begins! – Gazetteller
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Thurs. 19 Dec. 2024 the BRICS alliance, with nearly 40 countries interested in joining, is leading a global movement to dethrone US dollar dominance.
As economies push for de-dollarization and local currency trade, the world braces for a seismic shift in global finance. This revolution could reshape the future of international trade and challenge US economic power.
A financial revolution is brewing. Nearly 40 countries are ready to break free from the economic chains of the US dollar. Spearheaded by the growing BRICS alliance, nations from Asia, Africa, and South America are uniting to shift away from US dominance and chart a new economic path.
BRICS has grown from a coalition of Brazil, Russia, India, China, and South Africa into a powerhouse challenging the old order. As the US grip weakens, these nations are opting for local currencies in trade, signaling a turning point in global finance. This is more than an economic realignment—this is about escaping the dollar’s control and securing economic independence.
The US Dollar’s Dominance—And Its Cracks: For decades, the US dollar has controlled global trade, commodity prices, and the financial system. But now, nations are pushing back. The dominance that the dollar has enjoyed since World War II is fading. The system designed to ensure the US’s place at the top is being challenged, and BRICS is leading the charge.
Countries tied to the dollar are at the mercy of US monetary policy. When the US raises interest rates, the pain is felt worldwide. This system benefits the US while trapping developing nations in economic strangleholds. The dollar has become a weapon, and many countries are ready to break free.
BRICS: The Beacon of De-Dollarization: BRICS represents a collective effort to escape the US-led financial system. Originally formed to counterbalance Western institutions, BRICS is now spearheading a de-dollarization movement. The nearly 40 countries expressing interest in joining are driven by a desire to shift to local currencies and break their reliance on the US dollar.
China is a critical player, using its influence and initiatives like the Belt and Road Initiative to promote trade in local currencies. It’s not just economic pragmatism—it’s a geopolitical move aimed at weakening US power. Russia, too, is pushing hard to de-dollarize, motivated by US sanctions and the need to insulate its economy from American control.
A Flood of Interest: Who Are These 40 Countries? Countries like Argentina, Saudi Arabia, and Egypt are eyeing BRICS as a way to escape the dollar’s grip. These nations see the alliance as a pathway to a more balanced global system, one where the US no longer dominates their financial futures.
Saudi Arabia’s interest is a game-changer. As the world’s largest oil exporter, its potential shift away from the petrodollar system could strike a devastating blow to the US dollar’s global standing. If Saudi Arabia begins trading oil in currencies like the yuan, the global financial order could shift dramatically.
The Collapse of Dollar Dominance? The US dollar’s dominance won’t vanish overnight, but the shift is undeniable. As BRICS expands and more nations adopt local currencies, the demand for the dollar will decline. The days of the US borrowing cheaply and maintaining a massive trade deficit without consequence could be coming to an end.
As BRICS grows in power, the global financial order is evolving. This isn’t just about economics—it’s about power, influence, and the future of global leadership. The revolution has begun, and BRICS is leading the charge.
Read full post here: https://dinarchronicles.com/2024/12/20/restored-republic-via-a-gcr-update-as-of-december-20-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat Article: “CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET” Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market. We were told of the issue of the parallel market and my CBI contact told me that this had to come in par with the “official” CBI rate in order to make the in-country revaluation of the dinar possible, before the project to delete the zeros could occur. They said that the new correspondent bank procedure should eliminate the parallel market...The RV is going to happen, but first things first... [post 1 of 2....stay tuned]
Mnt Goat This recent move with the correspondent banks should knock out the parallel market altogether first and put the dollar in line with the CBI “official” rate. This was needed first. Then the CBI plans to push out the new in-country CBI official rate we have been waiting for along with the project to delete the zeros. I just talked to my CBI contact...Wednesday and this is what I am told. We just have to sit tight and see what happens next. I wish I could tell you more positive news. Right now, this is a very sensitive time, things will be moving fast soon. I can’t think of better news at this time. [post 2 of 2]
GAME OVER: Germany's Shocking Collapse Signals More Trouble Ahead for the EU
Lena Petrova: 12-20-2024
“Tidbits From TNT” Friday 12-20-2024
TNT:
Tishwash: Because of Iraq!.. Iran will accept “what it did not accept before”
Strategic and security affairs researcher, Firas Elias, said on Thursday that Iran will accept “what it did not accept before” in order to preserve Iraq because it is the gateway to its safety and the gateway to the danger that could reach it in the future.
Elias said in a post on the “X” platform, which was followed by “Al-Jarida”, that “Iraq is the jewel in Iran’s crown in the region, and it is the wall that protects it from a major collapse, so it will secure and preserve it, even if it is forced to accept what it did not accept before.”
He explained, "Today, it (Iran) is open to all the regional and international solutions and conditions proposed in Iraq, because it is the gateway to its safety and the gateway to the danger that could reach it in the future."
TNT:
Tishwash: Because of Iraq!.. Iran will accept “what it did not accept before”
Strategic and security affairs researcher, Firas Elias, said on Thursday that Iran will accept “what it did not accept before” in order to preserve Iraq because it is the gateway to its safety and the gateway to the danger that could reach it in the future.
Elias said in a post on the “X” platform, which was followed by “Al-Jarida”, that “Iraq is the jewel in Iran’s crown in the region, and it is the wall that protects it from a major collapse, so it will secure and preserve it, even if it is forced to accept what it did not accept before.”
He explained, "Today, it (Iran) is open to all the regional and international solutions and conditions proposed in Iraq, because it is the gateway to its safety and the gateway to the danger that could reach it in the future." link
Tishwash: What are the objectives of expanding foreign transfer channels by the Central Bank of Iraq?
Economic expert Alaa Al-Fahd revealed, today, Thursday (December 19, 2024), the goal of the Central Bank of Iraq in expanding external transfer channels for local banks.
Al-Fahd said in an interview with Baghdad Today, "Within the Central Bank's policy and its continuous attempts to control foreign transfers to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies used in imports, especially with countries with which we have import dealings, the transfer is in the currencies of the countries, and there was an agreement on this with the Turkish side, as well as the Emirates, China, and today with Jordan and Saudi Arabia."
He explained that "this step reduces the demand for the dollar to finance foreign trade, as most of the demand for the dollar is to finance foreign trade, and with the expansion of the currency basket, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market."
He added, "This step will also allow many banks to deal with many countries according to the currencies of those countries, and this will enhance a major role in developing the work of banks in terms of experience. Its main goal is to control the dollar exchange rate and work to reduce it." link
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Tishwash: Amidst the challenges... What is Iran's plan to save its currency?
The imminent return of US President-elect Donald Trump to the White House and rising tensions with Israel have put pressure on the Iranian currency, the rial, to lose another chunk of its value and hit a new record low.
The European Union has added further pressure on the Iranian rial, after announcing its intention to activate the “trigger” mechanism, following Tehran’s condemnation by the International Atomic Energy Agency’s Board of Governors last month for “not cooperating sufficiently” in its nuclear program.
After the Iranian press used to publish daily reports about the decline in the value of the currency against the dollar, the Iranian government's economic team announced its plan to limit the decline of the rial and curb the prices of hard currency in the markets.
Supply and demand
In a move aimed at bridging the gap between the government exchange rates and the parallel market, the Central Bank of Iran has cancelled the government pricing of hard currency allocated for importing some basic commodities, starting last Saturday, so that the price of the green currency will be determined according to the mechanism of supply and demand between exporters and suppliers in the consensus market designated for trading hard currencies.
Following this move, the consensus price of the dollar stabilized the next day at around 600,000 Iranian rials, but it continued to rise on Monday and Tuesday in the “NIMA” market for foreign exchange trade at 613,000 and 617,000 rials, respectively.
In the parallel free market, the price of one dollar jumped to 768 thousand riyals last Monday, then touched the threshold of 778 thousand riyals yesterday, Tuesday, after trading at about 733 thousand riyals, on the eve of the launch of the new mechanism.
Objectives and justifications
The Central Bank of Iran's move came after a number of factories refused to continue their activities due to the accumulation of losses resulting from the mandatory pricing, as they were forced to display their export revenues in the government market, and sell their hard currency at prices lower than their real price, and in return buy raw materials according to the parallel market prices.
Iranian Economy Minister Abdolnaser Hemmati said that implementing this mechanism is a preliminary step towards getting rid of the mandatory pricing, especially in the hard currency market, adding that the mandatory pricing will lead to financial corruption, rent distributions and exacerbate difficulties in the hard currency market.
In a tweet on the X platform, Hemmati wrote that unrealistic prices cannot be defended without containing inflation, and despite the feasibility in the short term, it will not last long, warning that continuing to work with mandatory pricing would eliminate the national reserves of hard currency and undermine the country's economic security.
A strong shield to protect the economy
A segment of Iranian experts believe that the Central Bank aims, through its measures, to encourage factories to produce and export.
Economic writer Hamid Sayed Qurbani welcomed the new mechanism, considering it to be in the interest of economic development through supporting exports, and also in line with the restrictions that should be imposed on imports in order to achieve comprehensive self-sufficiency and presence in foreign markets.
In an article titled “The harmonious currency; a first step towards national development” published on the (Economy Online) website, Sayed Qurbani believed that the new mechanism will reduce the volume of unnecessary demand for imports, and contribute to eliminating the false demand for hard currency, leading to a reduction in its prices in the markets, transferring profits from the suppliers’ basket to exporters, and supporting national production.
Given the national fear of shrinking oil exports with Trump’s return to the White House by imposing more sanctions, which could lead to an increase in the currency’s price in the markets, the author likens the new mechanism to a strong shield that will protect the national economy from external shocks to the exchange rate.
Political developments
In contrast, Iranian economic expert Albert Baghzian recalls the obsession of successive Iranian governments with unifying the exchange rate and bridging the gap between official prices and the free market, stressing that the harmonious price mechanism will succeed if it satisfies suppliers and exporters and spares them the need to consult the black market for supply and demand, adding that he does not expect the new mechanism to succeed.
In an interview with Setareh Sobh newspaper, Baghazian considered lifting foreign sanctions a condition for the Iranian economy to get rid of the crises of high hard currency prices and the decline in the value of the national currency, explaining that the exchange rate in Iran is affected by political developments more than economic indicators and supply and demand in the markets.
He said: “Given the reality of sanctions, tension in Syria, and Trump’s return to power in the United States, concern will remain in the Iranian hard currency market, because providing hard currency in sufficient quantities is a condition for talking about unifying the exchange rate, which encourages the strengthening of the national currency and the decline in the value of foreign currencies.
The Iranian academic said that his country suffers from a problem in providing hard currency due to the sanctions, even the revenues from oil sales return to the country in the form of goods, stressing that imposing sanctions on the economy is equivalent to cutting off a person’s limbs and paralyzing his life, as the major powers have been imposing embargoes instead of wars and military attacks.
The fall of the lion
On the other hand, a third segment in Tehran senses a direct relationship between the fall of Bashar al-Assad’s regime in Syria and the acceleration of the decline of the Iranian currency and its recording of a new record low against the dollar, due to the major repercussions of the regional political development on the Iranian economy.
Although the value of trade exchange between Iran and Syria did not exceed $170 million during the past year, the fall of Assad paints a foggy horizon for Tehran’s dues to Damascus, which are estimated at tens of billions of dollars.
In this context, the analytical website (Bazaar News) published an article entitled “The Syrian Crisis and Its Impact on the Iranian Economy,” in which its author believes that the new scene in the Levant will expose part of Iranian investments in the Syrian infrastructure and its military and security sectors to destruction.
The article believes that the lack of security in Syria may affect Tehran's investments in neighboring countries, as well as undermine the Iranian corridor linking the East and the West and reduce its position in front of the corridor planned to link India and Europe via the Middle East (IMEC). link
Mot: . ooooh lordy - been un of does Years!!!!
Mot: ........... UH OH!!!!!
Coffee with MarkZ and Mr. Cottrell. 10/20/2024
Coffee with MarkZ and Mr. Cottrell. 10/20/2024
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: Happy Friday….cannot believe it’s another weekend already
Member: Time flies when you are having fun….lol
Member: Could this be our last broke Friday with Mr. C?????
Coffee with MarkZ and Mr. Cottrell. 10/20/2024
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: Happy Friday….cannot believe it’s another weekend already
Member: Time flies when you are having fun….lol
Member: Could this be our last broke Friday with Mr. C?????
MZ: I sure hope my Iraqi contacts are accurate…sometime between now and the first of the year for a REER (Real Effective Exchange Rate)
Member: Any update on tier 3 getting paid?
MZ: No fresh updates on tier 3, but I do have redemption personnel who have been trained on exchanging currencies- specifically the currencies we hold- and they are expected to work this weekend. This is odd going into Christmas.
MZ: I hope this means something besides just finishing up end of year things.
MZ: “China secretly buying up massive amounts of gold. 10X more than officially reported-Goldman” Goldman Sacs has been very up front that we will see $3000 gold in the coming days. They say central banks have been aggregating gold at a record pace. Why are they collecting gold? In case of sanctions or are they getting ready to have a gold backed currency?
MZ: IMO its easy to see we are moving to a gold standard
Member: Mnt. Goat: (From dinar Guru) We were told of the issue of the parallel market and my CBI contact told me that this had to come in par with the “official” CBI rate in order to make the in-country revaluation of the dinar possible, before the project to delete the zeros could occur. They said that the new correspondent bank procedure should eliminate the parallel market...The RV is going to happen, but first things first...
MZ: A change in the dinar rate breaks that parallel market…so to me with the mechanisms put in place yesterday……now they can pull the trigger.
MZ: “ Parliamentary finance: 2025 budget tables will reach parliament early next year” They are talking about the first week of January to finish their budget. I was told this would have no affect on the timing of the RV. This article could be an effort to cloud timing like they did in Kuwait.
MZ: “ Warning of Iraq’s violation of the international will seeking change in the middle east” This is a terrible translation from Arabic to English. What they are saying is there is a huge movement in the world to have Iraq be the safe, secure, stable leader in the middle east. And what will they need? A new rate. The international world is pushing Iraq forward. To me this means a new rate sooner rather than later.
Member: so is Iraq the trigger for the reset ?
MZ I very much believe Iraq is the trigger for the worldwide reset. Remember Jaimie dimon saying Iraq was going to be the savior of the world economic systems.
Member: I believe the Iraq auctions are supposed to end by Dec 31st?
Member: According to Frank26, the auctions are done ?
MZ: Yes those auctions are ending.
Member: Nader says the day after Christmas
Member: I don't think I have ever seen Nader place a time period like this before!! Sounds good too me!!!
Member: Christmas is a work day in three Middle East. no holidays next week. Business as usual. we get New Years Day off
Member: So if the Saint Germaine Trust opens on Christmas and Mr. C said the codes happen at the same time, then does that mean the RV could happen on Christmas?
Member: I believe that is what it means.
Member: I wish we could get this party started already
Member: I think the fireworks are going to start very soon!
Member: sorry guys wrote a letter for all of us to Santa asking for the rv …..problem is that it was from me ….probably we'll get lump of coal instead….lol
Member: Everyone have a great day and a fabulous weekend. Hopefully our last weekend broke!!
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions.
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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.
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Seeds of Wisdom RV and Economic Updates Friday Morning 12-20-24
Good Morning Dinar Recaps,
MOROCCO TO ADOPT A LEGAL FRAMEWORK FOR CRYPTO ASSETS
Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem.
Legal Framework for Crypto Nears Adoption in Morocco
A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote financial innovation while regulating the usage of crypto assets.
Good Morning Dinar Recaps,
MOROCCO TO ADOPT A LEGAL FRAMEWORK FOR CRYPTO ASSETS
Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem.
Legal Framework for Crypto Nears Adoption in Morocco
A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote financial innovation while regulating the usage of crypto assets.
The central bank governor shared the key update at the BAM council’s final meeting for 2024 with the crypto regulation aligning with G20 recommendations and addressing the risks linked with crypto assets.
According to the governor, the World Bank and the International Monetary Fund (IMF) provided technical assistance in the development of the framework with a clear aim to balance crypto innovation and a well-regulated financial environment.
“We want to regulate the use of crypto-assets without hindering the innovation that may arise from this ecosystem. We engaged all relevant parties to create this framework. This approach ensures effective adoption and minimizes uncertainties.” Jouahri said.
Morocco hopes to establish itself as one of the first developing nations to provide complete and clear legislation for crypto assets by putting this legal framework into effect.
This program equips the nation to handle the financial and economic difficulties posed by the digitalization of monetary systems. The adoption of the legislative text involves a period of public consultation, followed by parliamentary and cabinet approval.
In 2023, Morocco ranked 13th out of 20 nations with the biggest bitcoin usage, according to a survey by Insider Monkey while a Chainalysis global crypto adoption report in the same year ranked the North African nation 20th in crypto adoption.
@ Newshounds News™
Source: Bitcoin News
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NIGERIAN SEC TIGHTENS CRYPTO MARKETING RULES
The SEC’s new rules on digital asset promotions aim to “curb the menace” of social media influencers promoting unregulated crypto products.
The Nigerian Securities and Exchange Commission (SEC) has updated its crypto rules, adding requirements on crypto-related marketing promotions from virtual asset service providers (VASPs) and social media influencers.
In its revised Digital Asset Rules, the SEC said that VASPs engaging third-party service providers to promote their crypto products must “obtain prior approval from the Commission.” The rules also require VASPs to ensure that the third-party provider complies with marketing rules set by the SEC.
The rules apply to any VASP offering services to the country’s residents and are scheduled to come into effect on June 30, 2025.
New rules to “curb the menace” of Finfluencers
The SEC’s revisions also address the role of social media influencers, or “Finfluencers,” in promoting cryptocurrency products and services.
Crypto influencers must obtain a “no-objection authorization” from the SEC before publishing their digital asset ads. In addition, they must verify whether the company they are promoting is licensed by the SEC.
Finfluencers must also disclose if they received payment to promote the crypto products or services that they are promoting. Failure to comply can result in penalties, such as a minimum fine of 10 million Nigerian naira (about $6,400) or up to three years in jail.
The SEC also noted that they would monitor crypto ads actively to ensure they adhere to the rules. Violations would result in enforcement actions, including sanctions and financial penalties.
The SEC wrote that the new rules aim to “curb the menace and address the growing popularity of financial influencers.” The SEC said it wants to prevent sharing unauthorized financial investment products on social media or any other marketing mediums.
Nigeria plans to start enforcement actions on unregulated VASPs
At present, only two exchanges are regulated in Nigeria. On Aug. 29, the SEC issued its first provisional operating license to the African crypto exchange Quidax Technologies. It has also approved Busha Digital to operate in the country. The licenses allow the trading platforms to operate as registered exchanges in Nigeria.
On Sept. 9, the SEC said it plans to start enforcement actions against businesses involved in unregulated crypto transactions. Emomotimi Agama, the director-general of Nigeria’s SEC, said that the agency will take action against entities offering crypto services to Nigerians without the proper permits.
@ Newshounds News™
Source: CoinTelegraph
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THIS SMALL DOLLAR CHANGED 1000 LIVES ON CHRISTMAS FRIDAY! | Youtube
Help us Help others in the community have a better Christmas with just a dollar. Link
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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13 Habits of Highly Effective Risk-Takers
13 Habits of Highly Effective Risk-Takers
By Nate Silver GEAR Newsletter DEC 19, 2024 4:00 AM
From poker players to venture capitalists, there’s a mindset to making the most of opportunities, and engineering the odds of success.
I played poker professionally before I ever wrote about politics or built an election model. What really fascinates me about gambling is the mindset that drives this behavior—a way of thinking that unites a cohort I call “the River.”
The River is a sprawling ecosystem of like-minded people that includes everyone from low-stakes poker pros to crypto kings and VC billionaires.
13 Habits of Highly Effective Risk-Takers
By Nate Silver GEAR Newsletter DEC 19, 2024 4:00 AM
From poker players to venture capitalists, there’s a mindset to making the most of opportunities, and engineering the odds of success.
I played poker professionally before I ever wrote about politics or built an election model. What really fascinates me about gambling is the mindset that drives this behavior—a way of thinking that unites a cohort I call “the River.”
The River is a sprawling ecosystem of like-minded people that includes everyone from low-stakes poker pros to crypto kings and VC billionaires.
It is a way of thinking—analytical, abstract, competitive, contrarian—and a mode of life. Most “Riverians” aren’t rich and powerful, but rich and powerful people are disproportionately likely to be Riverians.
I call the following the “13 Habits of Highly Effective Risk-Takers.” The quantitative risk-takers of the River and those who take physical risks—astronauts, deep-sea explorers, NFL players—have these traits in common. Based on my research, I hold the view that there is something hardwired in people who seek out risk and wrangle it successfully. How many do you share with them?
Successful Risk-Takers Are Cool Under Pressure
Being calm when other people lose their shit is a rare quality—and one that’s essential for a winning gambler. It doesn’t matter how well you execute in everyday situations—you’ll never reach the top of your craft if you choke when the pressure is on.
They Have Courage
In poker and sports betting, the vast majority of players lose money. To be at the very top requires a careful balance. Overconfidence can be deadly in gambling, but playing poker against the best is not for the faint of heart.
They Have Strategic Empathy
They put themselves in their opponent’s shoes—but don’t mistake this for the touchy-feely kind of empathy. In psychological studies, there’s a negative correlation between systematic thinking—what Riverians are skilled at—and empathetic behavior. Strategic empathy comes up a lot in poker—which is very much both a mathematical game and a people game.
They Are Process Oriented, Not Results Oriented
They play the long game. “Don’t be results oriented” is a mantra ingrained in many poker players. Yes, in the long run, results are what count, but one good thing about the River is that our compensation ultimately depends on objective measures.
TO READ MORE: LINK
News, Rumors and Opinions Friday AM 12-20-2024
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 Fri. 20 Dec. 2024
Compiled Fri. 20 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: Members of Congress tried to pass another out of control debt and spending stopgap funding bill that used an already fiat US Dollar – but Elon Musk alone (allegedly) killed the 1,500 page bill where they demanded huge raises and provisions so Congress couldn’t be investigated. KiLL BILL: Elon Musk Singlehandedly Defeats 1,547 Spending Bill? | WLT Report
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. 20 Dec. 2024
Compiled Fri. 20 Dec. 2024 12:01 am EST by Judy Byington
Judy Note: Members of Congress tried to pass another out of control debt and spending stopgap funding bill that used an already fiat US Dollar – but Elon Musk alone (allegedly) killed the 1,500 page bill where they demanded huge raises and provisions so Congress couldn’t be investigated. KiLL BILL: Elon Musk Singlehandedly Defeats 1,547 Spending Bill? | WLT Report
Then Trump took 24 hours to reduce the 1,500 page bill to just over 100 pages, but it still didn’t pass Congress and because it didn’t, the Government will shut down when their funding expires as the clock strikes 12:01 am on Sat. 21 Dec. 2024. https://www.nbcwashington.com/news/local/congress-has-to-pass-another-stopgap-funding-bill-what-happens-in-a-shutdown/3784733/
So, now we have the US Inc. government shutting down because Congress didn’t pass a budget for this past year. And, Congress wouldn’t pass a budget because they were(allegedly) afraid of a US citizenship who were mad at a 1,500 page stop gap funding extension bill that contained certain provisions.
Those provisions not only protected Congress people from being held accountable for their actions, but those same Congress people were giving themselves huge raises at a time when the fiat dollar wasn’t being accepted for foreign trade, Americans couldn’t afford gas, put food on the table and were losing their jobs and homes.
All because Congress had functioned on a fiat US Dollar since 2008 and hadn’t functioned on a budget since US Inc. was formed way back in 1918. I mean, you gotta be responsible for yourself at some point, don’t you Congress?
What’s interesting was the timing to close the broke US Inc. government. As of tomorrow the privately owned US Inc. government would (allegedly) have no money to function on at the same time the new US Restored Republic Treasury was (allegedly) entering their new gold/asset-backed US Treasury Notes into the Global Financial System and therefore burying the US Inc.’s worthless fiat US Dollar.
In other words, why pass a budget on a fiat dollar that would(allegedly) no longer exist?
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Possible Timing:
As of Sat. 14 Dec. 2024 Debt Forgiveness & Wealth Redistribution (allegedly) Began: millions worldwide reported canceled mortgages, student loans, and credit card debts. Official encrypted messages confirm this is just the beginning.
Sun. 15 Dec. 2024: The (allegedly) beginning of the new Restored Republic Fiscal Year.
Mon. 16 Dec. 2024: Banks began(allegedly) changing over to the new financial system as the Global Currency Reset rolled out.
Tues. 17 Dec. 2024: XRP, RLUSD, Iraqi Dinar went public. Redemption Centers became fully operational(allegedly). Banking Systems were beginning to(allegedly) process the new gold/ asset-backed US Treasury Note (USTN).
Wed. 18 Dec. 2024: Beginning of Global Financial Collapse. …G***o TV on Telegram Tues. 3 Dec. 2024
Thurs. 26 Dec. 2024: Announcement of the Global Restoration Plan. Every citizen will(allegedly) receive information about the new economic and legal structures. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Mon. 30 Dec. 2024: Final stages of the transition to the new financial system (allegedly) completed. People will begin to access their revalued currencies and debt relief programs(allegedly). …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
By Tues. 31 Dec. 2024, Redemption Centers will be (allegedly) open to the general public.
Wed. 1 Jan. 2025: Basil 4 compliance deadline January 2025 – all banks have to (allegedly) prove the money they have in their vault is backed by gold. A new era of Freedom and Prosperity officially begins. …Mr. Pool, Julian Assange on Telegram Wed. 4 Dec. 2024
Wed. 1 Jan. 2025: The R&R payments and Social Security increases will(allegedly) begin.
Fri. 3 Jan. 2025: Global Unity announced as former Alliances restructure. Leaders will present plans for long term peace and cooperation across nations. …Nesara/Gesara on Telegram 5 Dec. 2024
Sun. 5 Jan. 2025: (allegedly) Release of advanced technologies previously suppressed. Free energy devices, healing technologies and environmental restoration tools will be (allegedly) made available to the public. …Nesara/Gesara on Telegram 5 Dec. 2024
Mon. 6 Jan. 2025: The Quantum Financial System (QFS) will officially be activated Worldwide(allegedly). This secure, transparent and decentralized system will replace the old banking structure, ensuring fairness and equality for all …Nesara/Gesara on Telegram 5 Dec. 2024
End of March 2025: The US Fiat Dollar will be (allegedly) phased out, no longer worth anything.
Read full post here: https://dinarchronicles.com/2024/12/20/restored-republic-via-a-gcr-update-as-of-december-20-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
PompeyPeter Constitutionally Iraq has to open its budget before the start of next year. In other words, this year they got to open its budget. That is part of the constitutional law of Iraq. Failure to do so is big, big trouble. They will be coming after those responsible...Iraq has changed in the sense that there's a will to get this done. That is a huge difference...The winds have changed in Iraq have come about and they want to get this done. Sudani is a man of his word. He told the people this would be done this year.
Fnu Lnu You WILL NOT have to go to Egypt, Syria, or Turkey to do your exchange. A large number of banks will be more than happy to help you with your exchange. They will be charging a nominal fee of 1% to 2%. I have it on reputable information that Wells Fargo and JPM Chase will spearhead this event. You can also go to a Currency Exchange... You may also use an off-premises exchange location commonly referred to as a Redemption Center. These are also banks who will have specialized offices with security guards and De La rue machines to validate and verify your currency and make the appropriate deposit in your own bank account or you may open an account at their bank. If you take this advice, you will exchange your Dinar effortlessly...
"2025 Could Be The Last Year For GOLD Under $3000" - Alan Hibbard
Mike Maloney: 12-20-2024
Gold and silver have taken center stage in 2024, with prices skyrocketing and demand hitting unprecedented levels. In this insightful discussion, Alan Hibbard of GoldSilver.com and Kurt Nelson of SummerHaven Investment Management share why 2025 might be a pivotal year for precious metals.
MilitiaMan & Crew-Iraq Dinar News-CBI adds New International Currency- Official Price-Foreign Transfers Enhanced
MilitiaMan & Crew-Iraq Dinar News-CBI adds New International Currency- Official Price-Foreign Transfers Enhanced
12-19-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew-Iraq Dinar News-CBI adds New International Currency- Official Price-Foreign Transfers Enhanced
12-19-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economic Updates Thursday Evening 12-19-24
Good Evening Dinar Recaps,
BIS CONSULTATIVE GROUP PROPOSES RETAIL CBDC ARCHITECTURE
According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.
The Bank for International Settlements (BIS) Consultative Group on Innovation and the Digital Economy has proposed a retail central bank digital currency (CBDC) architecture based on a hybrid approach where issuance and governance of the CBDC are handled by a country’s central bank while commercial banks provide consumer-facing services.
Good Evening Dinar Recaps,
BIS CONSULTATIVE GROUP PROPOSES RETAIL CBDC ARCHITECTURE
According to a BIS report, Jamaica, Nigeria, China, Sweden, the Bahamas and Peru have CBDC programs in various stages of development.
The Bank for International Settlements (BIS) Consultative Group on Innovation and the Digital Economy has proposed a retail central bank digital currency (CBDC) architecture based on a hybrid approach where issuance and governance of the CBDC are handled by a country’s central bank while commercial banks provide consumer-facing services.
According to the BIS, the proposed CBDC framework takes a modular approach to design and will focus on a token-based model to promote privacy.
However, the CBDC architecture will also support account-based models where users have specific accounts tied to an entity. The authors of the proposal wrote:
“Privacy can be guaranteed by separating transaction from identity information, such that the latter remains with private intermediaries and users. This helps to reduce risks and ensure greater privacy protections than in other models.”
Despite promises of privacy, CBDCs are widely seen as the antithesis of permissionless finance, with lawmakers, individuals and even central banks raising concerns about systemic risks, privacy and viability.
CBDCs face widespread backlash
In September, the Bank of Canada backtracked its CBDC development after receiving public feedback indicating that Canadians had little interest in using a central bank digital currency.
In the United States, attorney John Deaton, known in the crypto community for representing XRP holders in the Securities and Exchange Commission lawsuit, vowed to fight against CBDCs.
The lawyer called the campaign against CBDCs “a hill to die on” and said the dangers of a centrally managed digital ledger to individual liberty were a major cause of concern.
A bill introduced by Missouri lawmaker Rick Brattin on Dec. 1 seeks to ban CBDCs in the state. Provisions in the bill would prohibit businesses from accepting CBDCs for payment and prevent any CBDC research or development.
European Parliament member Sarah Knafo recently called on the European Union to abandon CBDCs and adopt Bitcoin.
The European MP said the digital euro was an attempt to usher in totalitarianism and encouraged the European Union to establish a Bitcoin strategic reserve as other nation-states continue accruing the digital currency.
@ Newshounds News™
Source: CoinTelegraph
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BINANCE.US TO RESUME USD SERVICES IN EARLY 2025 ANTICIPATING FAVORABLE REGULATIONS
In a latest development, Binance. US plans to resume USD services in early 2025, anticipating changes in U.S. crypto regulations. The exchange halted fiat operations in 2023 due to regulatory pressure and SEC claims.
Interim CEO Norman Reed noted on Wednesday that the current SEC administration has caused significant harm to American consumers and the crypto industry, including Binance.US.
SEC’s Regulatory Assault
In June 2023, the SEC accused the subsidiary of violating securities laws. It alleged the company offered unregistered investment products and engaged in anti-fraud practices. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals.
He noted that a key part of this regulatory assault was a concerted initiative by the outgoing administration to unjustly deny cryptocurrency and fintech businesses access to banking services. Reed argues that the SEC’s resistance to innovation has hindered the U.S. financial system’s potential and blocked most Americans from accessing the benefits of blockchain technology.
Going Ahead With Optimism
Despite ongoing legal battles with the SEC, he is optimistic, emphasizing that the SEC has failed to provide evidence of any wrongdoing after 17 months of compliance. Looking forward, with Paul Atkin’s nomination as the next SEC Chair, he foresees a clear regulatory framework for digital assets in the U.S.
As USD services prepare for a return, Binance.US plans to launch new features in the coming months and expand its product lineup.
“While I can’t provide a definitive launch date yet, let me be clear: It is not a matter of if, but when,” interim CEO Norman Reed said in the statement. “We are closer than ever to restoring USD services and our plan is to achieve this important milestone in early 2025,” he added.
He underscored that the platform offers unique features, including 0% fee Bitcoin trading on BTC/USDC, which no other major U.S. crypto platform provides. It also supports 160 cryptocurrencies and staking for over 20 assets, offering more options than any other major on-chain staking platform in the U.S.
He strongly believes that 2025 will be a breakout year for Binance.US, with the teams working hard at building a comeback story for the ages.
@ Newshounds News™
Source: CoinPedia
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🌱SOVEREIGN VS CITIZEN #CONSTITUTION #SOVEREIGNTY | Youtube
Mason speaks about Sovereign vs Citizen.
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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Newshound's News Telegram Room Link
Q & A Classroom Link
Follow the Roadmap
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How Homebuyers Can Stay Safe In 2025
How Homebuyers Can Stay Safe In 2025
Danielle Antosz Wed, December 18, 2024 Moneywise
West Virginia couple loses $255K, life savings in real estate scam — how homebuyers can stay safe in 2025
After months of house-hunting, Raegan Bartlo and her husband finally found their dream home in a small West Virginia community just a few hours from Washington, D.C.
But that dream became a nightmare as a few days before the closing, Bartlo received an email she thought was from her title company. The email provided instructions on how to wire the money for closing. She wired the $255,000 down payment as per the email’s directions, ABC 7 reported.
How Homebuyers Can Stay Safe In 2025
Danielle Antosz Wed, December 18, 2024 Moneywise
West Virginia couple loses $255K, life savings in real estate scam — how homebuyers can stay safe in 2025
After months of house-hunting, Raegan Bartlo and her husband finally found their dream home in a small West Virginia community just a few hours from Washington, D.C.
But that dream became a nightmare as a few days before the closing, Bartlo received an email she thought was from her title company. The email provided instructions on how to wire the money for closing. She wired the $255,000 down payment as per the email’s directions, ABC 7 reported.
On closing day, she received another email saying her closing time had been moved. When she called her realtor to ask about the change, she received devastating news. The first email wasn't from her title company — and that $255,000 down payment was now gone.
"At that point, my whole world fell apart because I had already wired all of the down payment money for our house,” Bartlo told ABC 7 News. “And that was about $255,000. And so our nest egg, our savings, everything at that moment was gone."
Wiring fraud is becoming an increasing issue
Bartlo was a victim of real estate wiring fraud. This happens when scammers gain access to the email of a title company, mortgage company or realtor. They can see you're due to send a large payment, so they email you to provide wiring instructions. However, those funds go to the scammer's account.
“I just remember shaking a lot and not being able to think straight. To feel like everything you had saved for to be able to have financial stability was just taken,” Bartlo shared with ABC 7. “And what if I didn't have a house? My mother lives with us. Where was she going to go? What were we going to do?”
It's a story that Tom Cronkright, founder of CertifiED, a company that helps prevent wire fraud, said he hears every day. He started his company in 2015 after he lost $180,000 to a wire fraud scam.
“I see it happen daily, if not multiple times a day," he told ABC 7. "The reality of it is these are some of the most sophisticated bad actors that have invested hundreds of millions of dollars into their own tradecraft.”
According to Cronkright, huge, global crime syndicates and cartels are often behind these scams. They hack into banks, real estate companies and law firms to gain information they can use to impersonate a trusted company or person. With that information in hand, they're able to send realistic-looking emails that consumers often don't question.
“The email, that includes the payment request with wiring instructions, isn’t coming out of the blue, it's tacked on to a thread of emails that they've been having for two, three, four weeks,” said Cronkright. “And now they're just saying, ‘Well, instead of bringing a check tomorrow for closing, we need you to send a wire, and here's why’."
Cronkright estimates losses to wiring fraud are close to $5 billion a year. His company has partnered with federal law enforcement to help educate consumers and businesses about the signs of wire fraud scams. But getting the money back is often unsuccessful. To protect themselves, consumers need to know how to spot the signs of wire fraud.
How to protect yourself from real estate wire fraud
TO READ MORE: https://www.yahoo.com/finance/news/west-virginia-couple-loses-255k-114100120.html
FRANK26….12-19-24…..SHOCK AND AWE
KTFA
Thursday Night Conference Call
FRANK26….12-19-24…..SHOCK AND AWE
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Thursday Night Conference Call
FRANK26….12-19-24…..SHOCK AND AWE
This video is in Frank’s and his team’s opinion only
Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE