Thursday, January 18, 2024
"RV UPDATE" BY GOLDILOCKS, 18 JAN
GOLDILOCKS
"The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World Economic Forum in Davos, Allaire expressed optimism about an impending approval of a stablecoin bill, citing the ongoing global momentum in digital currency regulations."
Circle, the Digital Network Company backing the stablecoin USD Coin, recently filed a confidential S-1 registration with the U.S. Securities and Exchange Commission. This registration process is a requirement in order to offer a new introductory product offering on the market. It tells us that their intentions are to go public inside the new Digital Asset-Based Trading System.
So now, we have the beginning stages of tokenized assets (spot Bitcoin ETF) beginning to populate on the markets and soon a digital dollar to process these transactions.
Each step of the way puts us closer to our goals. The USDC coin was tested all year long in 2023 to see if it would be able to hold its value. With algorithmic and gold-backed asset support, it was able to stay within a stable range of value compared to other stablecoins.
© Goldilocks
https://coinpedia.org/news/circle-ceo-expects-u-s-stablecoin-regulations-in-2024/
"ANALYSIS OF IRAQ NEWS" BY CLARE, 18 JAN
Clare
WORLD ECONOMIC FORUM ANNUAL MEETING
ACHIEVING SECURITY AND COOPERATION IN A FRACTURED WORLD
A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq
January 18, 2024 10:30–11:00 CET
A conversation with Mohammed Shyaa Al Sudani, Prime Minister of Iraq
Simultaneous interpretation in English and Arabic>
Centre for Regions, Trade and Geopolitics
The Forum's Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in decades.
Public Speakers
Mohammed Shyaa Al Sudani
Prime Minister of Iraq, Office of the Prime Minister of Iraq
John Harris- Founding Editor, Politico
https://www.weforum.org/events.....r-of-iraq/
Clare: International Finance Corporation: We want to expand our business in Iraq as an investment region
1/17/2024 Baghdad
The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”
The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."
Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”
For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it. LINK
Sudani: The importance of World Bank reports realistically reflecting the policies of the new government, 18 JAN
Prime Minister Mohammed Shia Al-Sudani, on the sidelines of his participation in the Davos Economic Forum, met with the President of the World Bank Group {Ajay Banga}.
The meeting discussed, according to a statement from the Prime Minister’s Office, a copy of which received “the relations of cooperation between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq.”
He added, “The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform, and projects funded by the International Finance Corporation (IFC) were also discussed, foremost of which is the project to rehabilitate and develop Baghdad International Airport.”
The Prime Minister stressed “the importance of the World Bank’s reports realistically reflecting the policies of the new government implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth and achieve financial stability, in light of the challenges faced by the region and the world.”
For his part, Panga praised the government’s measures in the field of modernizing and developing the banking sector, stressing his support for these measures, especially with regard to the implementation of the electronic payment system.
"RV UPDATE" BY MARKZ & MILITIAMAN, 18 JAN
MarkZ & Militia Man
[via PDK]
Article: “Iraq recalls ambassador from Iran after missile strikes-Ministry”
MarkZ: This is concerning while we watch what is going on in the middle east. There were missile strikes launched from Iran to the Kurdish region of Iraq.
Question: Do you think the attacks on our embassy…in Erbil, Kurdistan will hinder/delay the RV?
MarkZ: To me this doesn’t change what’s going on economically…and if anything may put the pressure on to move things faster.
Militia Man: Iran is in a pinch…their cash cow is going away. Stopping the graft at the Iraq border will stop their ability to do the money laundering and smuggling through customs. So, imo this attack is blow back…
"RV UPDATE" BY MARKZ & MILITIAMAN, 4 JAN
Question: What happens if they just print new notes and the dinar we hold are not good anymore?
MarkZ: That will never be accepted in the international world. You would have to have a closed economy to do that…like N. Korea. You cannot do that to the international world though.
Militia Man: We can clearly see the people behind this – the WTO, The IMF, The world Bank…the BIS, the Federal Reserve bank…
The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen. We are talking trillions.
Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. They are planning big things over the next few months and need an exchange rate to match. Sudani has been moving on steroids to get this done.
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