Executive Order on Preventing Online Censorship

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News Date: May 28, 2020

Trump signs social media executive order that calls for removal of liability protections over censoring.
The executive order calls for new regulations under Section 230 of the Communications Decency Act to make it so that social media companies that engage in censoring any political conduct will not be able to keep their liability shield, the president said.
Source:whitehouse.gov

Chinese, Russian payment systems consultations

Chinese and Russian central banks to discuss the use of national payment systems.
The Chinese and Russian central banks will discuss the use and promotion of their respective national payment systems in both countries, Beijing's envoy to Moscow told the TASS news agency in an interview published on Thursday.
Russian banks may issue cards with China as Visa, and Mastercard cut links.
The use of the Mir and China UnionPay national payment systems in both countries will be decided by the two sides' central banks at consultations.
Sources: reuters.com

White House announces $1B for AI, quantum mechanics

Today, the White House, the National Science Foundation (NSF), and the Department of Energy (DOE) announced more than $1 billion in awards for the establishment of 12 new AI and QIS research and development (R&D) institutes nationwide.
Source:www.whitehouse.gov

G-24 calls for debt relief for developing countries

The G-24, a group of 28 member countries including China, is strongly advocating for sustainable debt relief measures for low-income nations due to their concerns over escalating, unsustainable public debt burdens.
They conveyed this message during the 2023 Annual Meetings of the World Bank Group and the International Monetary Fund on October 10.
The G-24's core mission is to coordinate and amplify the voices of developing countries on monetary and development issues, underscoring their commitment to global economic stability and the well-being of vulnerable nations.

Ripple Patent and Standard Outshines Swift

Blockchain payments technology firm Ripple has won a patent for a design that can execute smart contracts based on data collected from the outside world.
That means it Can Settle Derivatives And Oil Contracts.
Cross-border payments network Ripple (XRP) also announced in May that it has become part of the ISO 20022 Standards Body, becoming its first member focused on distributed ledger technology (DLT).
Sources:gesara.news, www.coindesk.com

Developing the BRICS currency

BRICS Group Works On A New Form Of Currency, looking At Basing Financial Reserves On A Basket Of Their Own Currencies.
State Duma Deputy Chairman Alexander Babakov said Thursday the BRICS alliance is actively engaged in developing its own currency and is set to present its proposals at the upcoming summit in August.
Putin suggested a new global reserve currency backed by hard assets and BRICS countries accumulated a great amount of gold.