Donald Trump to abolish the Federal Reserve

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News Date: April 29, 2020

Donald Trump is meeting with an ex-bank CEO who wants to abolish the Federal Reserve and return to the gold standard. Trump met with John Allison, the former CEO of the bank BB&T and of the libertarian think tank the Cato Institute.
Source:Businessinsider.com

Fintech and XRP Support in US GOV Register New Rule

The Remittance Transfers Under the Electronic Fund Transfer Act final rule is effective July 21, 2020.
The continued growth of "fintech" nonbank remittance transfer providers and their further expansion into partnerships and other relationships with banks and credit unions, which allow such entities to tap into the closed network payment systems that nonbank remittance transfer providers have developed and (3) the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payments messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect settlement of those transfers.
The Bureau also believes that expanded adoption of SWIFT's gpi product or Ripple's suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.
Source: www.federalregister.gov

September 10: EO13848 expiration day

Friday September 10: EO13848 expiration day: Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election.
On September 10, 2020 EO 13848 was EXTENDED FOR ONE YEAR due to the UNUSUAL AND EXTRAORDINARY THREAT TO NATIONAL SECURITY.
President Trump signed USA into a state of National Emergency. We will see what happens in a few days now. The emergency is ending.
Sources: www.federalregister.gov

The American Bankers Association confirmed ISO20022 migration

The American Bankers Association has confirmed to the Federal Reserve on Monday that it supports a plan to migrate to ISO20022 on a single day but said it has "serious concern" regarding the lack of detail about the plan.
They recommend that the Board and Reserve Banks provide test accounts for financial institutions to use during this process.
They also recommend The Board and Reserve Banks provide the detailed and final ISO standard for their messages on the SWIFT MyStandards site as soon as possible.
Source: www.aba.com

World Bank Looking to Trim Poor Nations Debt

The World Bank is looking at ways to reduce the amount of debt owed by poor countries, rather than simply delaying payments, to attract more investors in the wake of the global pandemic and recession, President David Malpass said.
President of the WorldBank Group remarked to G20 Finance Ministers & Central Bank Governors: I emphasized the need for further progress on Debt Suspension, Debt Reduction, Debt Resolution, Debt Transparency.
Sources:gesara.news, finance.yahoo.com

Vatican and Buckingham Assets seized?

Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation.
Paintings hanging in Buckingham Palace picture gallery have been removed for the first time in almost 45 years. Some of the paintings include works by Vermeer and Rembrandt. The palace is undergoing a 10-year refurbishment to replace dangerous wiring and ageing infrastructure. As part of this work, the 200-year-old roof of the picture gallery will be replaced.
Sources: www.youtube.com, www.washingtontimes.com