"MICA ANNOUNCEMENTS" BY GOLDILOCKS, 26 APRIL

 GOLDILOCKS

MICA Announcement:

"This summer, the first part of the EU’s MiCA Regulation will come into effect. Financial institutions (FIs) that are currently engaged in or exploring crypto assets will need to make operational adjustments."

Markets in Crypto Assets (MICA) it's finally coming to its final stages of completion for the QFS. Financial institutions seeking to participate on the new Digital System will be going through a regulatory process. 

These MICA Regulations that will come to conclusion on May 28th, 2024 in Europe will create a crypto-asset white paper. This white paper will report and create a set of guidelines for all countries to follow going forward in building their Quantum Technological Regulations.

Financial institutions around the world will have until December 2024 to integrate their Quantum Technologies to the new Digital Asset Based Trading System. At that time, the new QFS will be operational Globally. 

Here is what will be worked on between now and the end of the year:

* how financial values are stored and transacted (stablecoins)

* Movement from T+1 to T+0 instant payments in cross-border transactions

* Reducing counterparty risks

* Counteracting payment frauds

Many Credit Valuation Adjustments will be taking place between now and that time when the Global Currency Reset will come into play. 

This is it folks. I know no one wants to hear this at this time. Yet, we are working with the United States, Europe, and the BRICS Nations aligning  themselves with payment systems and tokenized assets that will govern our new Global Economy.

It's been a long journey, but we are in the final stages. And, it is important that we pay close attention between now and Christmas to changes that can possibly move up these banking timelines. 

As far as currencies are concerned, they will need to begin shifting at some point between now and Christmas. They may come as a float, become volatile, partial revaluation in some countries, but I expect final prices on these currencies or complete revaluations to come late to early next year. 

There are three phases to this final process. I will be helping you to understand where we are as we move to each stage. The first two have to be done by Christmas. The last one is a continuation of the first two that has more to do with reporting procedures than payment processes. 

In the meantime, we will clearly have Digital Assets moving into real values. This first RV is at the beginning stages of development right now. 

You would do yourself a favor to find a good friend who understands what cryptos are going to be used in the next Financial System. You will be glad that you did.

© Goldilocks 

https://www.ey.com/en_lu/wealth-asset-management/mica-part-i--a-new-beginning-for-eu-crypto-assets-

FRANK26….4-25-24……A SLEW OF ARTICLES

Economist: Travelers' Dollars Are Leaking Into The Parallel Market...And This Is What The Central Bank Should Do, 26 APRIL

Economist: Travelers' Dollars Are Leaking Into The Parallel Market...And This Is What The Central Bank Should Do

 Time: 04/24/2024 Read: 2,925 times   {Economic: Al-Furat News} The economic expert, Safwan Qusay, revealed the leakage of travelers’ dollars to the parallel market.  Qusay said {to Al-Furat News} that:

  “The current policy of the Central Bank of Iraq goes towards auditing the cash dollar, which was marred by many failures in the first periods, especially its leakage through travelers to the irregular market, and this issue needs a new and clear mechanism.”  ]He added,  "It is assumed that travelers are dealt with through tourism and airline companies, and

 the travel ticket is not allowed to be canceled unless the traveler returns the amount he purchased from the exchange outlets or banks."  Qusay stressed,

 “This measure will restore confidence in the cash dollar and the possibility of facilitating the mission of real tourists and filling the gaps that accompanied the process of establishing the electronic platform for the cash sale of foreign currencies.” He stated that

 "the Central Bank will not hesitate to provide the dollar to those entitled to it, whether at the level of Hajj or other windows," noting that

"the Central Bank's emphasis on procedures for granting citizens the cash dollar ensures that it reaches those who need it."  Qusay added,

“The Central Bank’s official sales during the previous 10 days rose to $270 million per day, which is an indication of the activation of the electronic platform,” adding,

 “The more we reduce imports and analyze the irregular demand for the dollar, the more stable the dollar’s ​​exchange rate will be.”

 Meanwhile, travelers expressed their surprise at the Central Bank’s decisions to prevent government banks from selling dollars to travelers.

Travelers said, via {Al-Furat News}: “We are surprised by the Central Bank’s decisions to prevent government banks from selling the dollar to travelers and monopolizing it only with financial transfer and exchange companies.”

 Travelers called on Parliament and members of the Parliamentary Finance Committee to “intervene and solve the problem and allow government banks to carry out the process of selling the dollar, especially in conjunction with the delegation of pilgrims to the Holy House of God, and they need to buy the dollar at the official price.”  

 https://alforatnews.iq/news/خبير-اقتصادي-دولار-المسافرين-يتسرب-للسوق-الموازي-وهذا-ما-على-المركزي-فعله   

KTFA DINAR CHAT, 26 APRIL

 KTFA

RMF » April 25th, 2024

Probably just another coincidence but same date as ascension to WTO:

Member of the Parliamentary Finance Committee, Haitham Al-Zahwan, announced on the 21st of this month, “There is a possibility to send the 2024 budget and approve it before the legislative recess of the House of Representatives begins next May 9.

Just another reason to believe the rate is about to change: Wonder if it will be retro ?
President Biden has formally proposed the highest top capital gains tax in over 100 years

The proposed Biden top capital gains tax rate is more than twice as high as China’s rate.

Clare » April 25th, 2024

Urgent… Source for Al-Furat News: The Council of Ministers holds a session this afternoon

4/25/2024

An informed source revealed that the Council of Ministers will hold a session this afternoon, Thursday

The source told {Al-Furat News} agency, “The Council of Ministers will hold at one o’clock this afternoon a make-up session for a session that was missed due to Prime Minister Muhammad Shiaa al-Sudani’s travel to Washington last week.”

The Council of Ministers holds regular sessions every Tuesday of the week.

It is noteworthy that Prime Minister Muhammad Shiaa Al-Sudani visited Washington on April 14, lasting for about a week, during which he met with US President Joe Biden and officials in his administration, including the Minister of Defense, as well as businessmen, heads of companies, Iraqi communities in the United States, and foreign media.  LINK

Al-Sudani will visit Saudi Arabia at the end of this month

4/25/2024

An informed political source said on Thursday that the Iraqi Prime Minister will pay a visit to Saudi Arabia at the end of this month.

The source told Shafaq News Agency: “The visit comes to participate in the special meeting of the World Economic Forum, which will be hosted by Riyadh on April 28 and 29.”

Last week, the Iraqi Prime Minister made a visit to the United States of America that lasted for several days.   LINK

Iraqi Dinar - US Treasury Exchange Rates- Focus - Banking Partnerships -... BY MILITIAMAN

Iraqi Dinar Guru News Highlights (4/26/24)

Judy Note on convicted felons exchange, 26 APRIL

 Judy Note on convicted felons exchange

 Thanks to Becky Subrahmanyam’s communication with MarkZ we have clarification on Rod Steel’s remarks that felons couldn’t exchange:

MarkZ:  “Fear mongering. If the case is already settled then they can exchange with no problem. That comes from the absolute top. Else you guys worry about if you paid your debt to society you’re good to go because I know that one’s going to hit and I’ve had that affirmed over and over and over and over by the bank but I’ve also been told that they would spread that rumor again um and they do and people repeat it without thinking. 

If you have paid your debt to society you are good to go. They’re only worried about terrorists and organized crime. If you haven’t paid your debt to society then you probably have something to worry about, but if you paid it stop worrying and listening to the crap because they do it on purpose anyways.”

SOURCE: DINARCHRONICLES