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Goldilocks posted news links and comments to help us understand where we stand:
Our next banking benchmark is June 19th, 2023. The Bank of England migrates to the ISO 20022.
At this point, some of the largest banks in the world will be on board with the International Messaging System running inside our three Global Nation Payment Systems.
This will be a migration of one of the largest Banks around the world where cash flows run through internationally.
© Goldilocks
https://www.bankofengland.co.uk/payment-and-settlement/rtgs-renewal-programme/iso-20022
“Bank of America, Wells Fargo and JPMorgan Chase Close New York Branches in Three Months: What’s Happening?”
A friend of mine in the banking system shared with me about some of the new regulations that have recently come out.
* Each bank has to have a certain number of accounts in it and a certain amount of money to keep it open.
* Banks are required to give a 90-day notice for customers to be able to move their funds.
This is one way to put pressure on people to learn how to use online banking.
Some of these funds will go into digital currency accounts designed for investment purposes.
Others will hold precious metals including 1 million copper pennies as we saw in yesterday’s article.
Watch your nickels and pennies closely. We are moving into a technological society my friends. Get ready.
I expect many changes to start happening by the first of the month at a very rapid pace.
© Goldilocks
The Cleveland American LINK
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Cross Border International Trading digital mechanisms are still being updated and will be on an ongoing basis.
The decentralization of our new monetary system will require scalability mechanisms that will allow digital money to move from one country to another at a very rapid pace.
This will enable secure transactions of foreign currencies around the world.
© Goldilocks
BSC News LINK
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“All licensed exchange companies of the two categories (A, B) are kindly requested to provide us with a report evaluating the risks of money laundering and terrorist financing in their companies, along with providing us with the treatments and measures taken to reduce these risks, provided that we receive the answer no later than (1/7/2023 ).”
Isn’t it amazing how July 1st 2023 keeps showing up. 😉
© Goldilocks
Rose Rambles... 