US Rep Calls for Abolishing Income Tax

Gesara.news » News » US Rep Calls for Abolishing Income Tax

Share via:

News Date: February 24, 2024

Rep. Thomas Massie posted on February 24 that the federal income tax was unconstitutional for much of U.S. history and called for its repeal.
Massie: "The federal income tax was unconstitutional for most of our countyâ??s existence.
The founders of this country would have never agreed to it.
We should repeal it."

Arca first SEC regulated fund Ethereum based

Asset management firm Arca has announced the first-ever products regulated under current SEC standards(U.S. Securities and Exchange Commission), adhering to the strictest investor protection laws globally.
Financial institutions could potentially use these digital assets for a wide range of use cases, including payments, lending, clearing and settlement, trading and treasury management.
Arca Labs, chose the Ethereum blockchain, one of the largest public blockchains, launching so-called digital securities ArCoin, which uses the ERC-1404 protocol.
Source: www.ar.ca

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

What is the Rainbow Currency?

A rainbow currency is the real value!
The rainbow currency originates in NESARA law section 10:
Creates a new U.S. Treasury rainbow currency backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.
A Rainbow Currency backed by precious metals has value unlike the actual US Dollar with no real support.
Sources:NESARA law, New Design

BIS invites comments on ISO 20022 harmonisation proposals

With most of the world's payment systems adopting the ISO 20022 messaging standard by 2025, the coming years will be crucial for converging on its harmonized use to fully leverage its full potential to make cross-border payments faster, cheaper, and more transparent.
The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) has worked with financial industry representatives to facilitate a harmonized adoption and use of ISO 20022 for cross-border payments.
The CPMI invites comments on this consultative report.
Source: bis.org

Stellar reveals Financial Inclusion report

Stellar Development Foundation (SDF) released a whitepaper discussing the role of blockchain technology in facilitating financial inclusion.
The whitepaper underscores the significance of financial services access for global financial inclusion, particularly in developing economies.
Despite advancements in digital payments, cash remains prevalent in emerging economies. Many unbanked adults still receive government and private-sector payments in cash, impacting financial inclusion.
It emphasizes digital payments as a pivotal entry point to formal economic participation. Despite the persistence of cash usage, transitioning to digital payments can encourage broader use of financial services.
The paper delves into the hurdles of cross-border payments and highlights blockchain's potential to address these challenges. It showcases blockchain's role in enabling secure, cost-effective transactions.
Additionally, it presents various applications of blockchain, such as facilitating cash-to-digital asset conversions, safeguarding against currency devaluation, and supporting humanitarian aid distribution.
While recognizing blockchain's promise for financial inclusion, the document emphasizes the necessity of balancing innovation with consumer protection, privacy, and financial education to ensure the creation of inclusive and secure financial systems.
Full report: stellar.org