FedNow Approved. Interoperability with private-sector ASAP
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News Date: August 13, 2020
The Board of Governors of the Federal Reserve System (Board) has approved the FedNow Service.
The Federal Reserve is committed to using widely accepted standards in designing the FedNow Service to aid in accomplishing the key goals of achieving nationwide reach for instant payments and promoting interoperability with the existing private-sector service. To support these goals, the service will use the widely accepted ISO 20022 standard.
The Federal Reserve intends to launch the FedNow Service as soon as practicably possible. Although the target release date remains 2023 or 2024.
Sources:www.federalregister.gov, www.pymnts.com
The last bastion. President Xi Purges Chinas deep state
President Xi is launching his own war against Chinas deep state by launching a full-blown purge of the state security apparatus.The ultimate goal of the campaign is simple: create police, prosecutors and judges who are absolutely loyal, absolutely pure and absolutely reliable.
Source:www.zerohedge.com
Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval
Switzerland's financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services.Source:bitcoin.com
Cryptocurrency Market Reactions to Regulatory News
The U.S. Federal Reserve reveals that the cryptocurrency XRP didn't show great reaction or movements in price to regulatory news in the past.Bitcoin, Litecoin, Bitcoin Cash and Ethereum showed a bigger reaction in terms of price-performance to regulatory news.
Source:dallasfed.org
Debt Jubilee by Trump pick to lead World Bank
President of the WorldBank Group remarks to G20 Finance Ministers & Central Bank Governors I emphasized the need for further progress on:1. Debt Suspension;
2. Debt Reduction;
3. Debt Resolution;
4. Debt Transparency.
The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency.
WASHINGTON, July 18, 2020
Full remarks here:www.worldbank.org
US President Donald Trump has nominated David Malpass as his pick for the next World Bank president:
Source:www.whitehouse.gov
Gold Treaty accomplished as banks to fail
The fiat currency is crashing. Ink on paper is not real money. You can not print gold & silver. All countries are switching away from this money system to asset backed.The "Gold Treaty" of 2013 deals with the global currency reset. The treaty and the move back to sound asset backed money effects every citizen of this nation and all nations around the world. We the people would like a response to the contents of the referenced documents. With solid details as to the progress and stance of the current administration towards the implementation of sound money and the control of the criminal central banking institutions.
President Trump accomplished the final requirement of the 209 nation Gold Treaty and GESARA when he oversaw Israel, UAE and Bahrain signing the Abraham Accords Peace Agreement on Tuesday 15 Sept.
Sources:petitions.whitehouse.gov, gesara.news