GOLDILOCKS
"On 26 February 2024, the European Council adopted a new regulation, the Instant Payments Regulation. This will make instant payments in euro fully available to consumers and businesses in the EU and in EEA countries."
While Global Digital Payment Systems are moving to T+1 settlements, Europe is pressing their banking system to move to instant settlements.
What Europe learns from being a first mover on the markets in instance settlements will help them formulate their Global CRYPTO Regulations (MICA).
Our Tokenized Assets are continuing to interface with other Digital Global Assets around the world through Protocol 20. At the same time, we are witnessing the birth of a new regulated payment system moving towards instant payments.
Europe has already confirmed that their new instant payments regulation will go into effect on April 8th, 2024, and Ripple is a part of it.
It was stated in the article that Europe is doing this to create their own financial autonomy. In essence, this move is one that each country will begin taking as they onboard their payment systems into the QFS.
This is why being Basel 3 compliant around the world is so important in creating countries that have their own Sovereignty. Electronic Payments International
© Goldilocks
This is why being Basel 3 compliant around the world is so important in creating countries that have their own Sovereignty. Electronic Payments International
© Goldilocks