Final Basel III bank rules for crypto-assets.

Today the Basel Committee for Banking Supervision published the final version of the rules for digital assets to be implemented.

The rules cover capital requirements for risk exposures relating to digital securities, stablecoins and cryptocurrencies.

The highlights are quoted as follows:

* The 1250% risk weighting for unhedged cryptocurrency exposures remains, which means a dollar of capital has to be set aside for every dollar of exposure
* The high risk weighting does not apply to assets held in custody. Had this remained, it would have prevented banks from providing crypto custody at scale.
* Previously, Basel proposed an infrastructure risk add-on of 2.5% for digital securities and stablecoins. This has been waived by default. However, it can be imposed on a bank if there’s a perceived infrastructure risk.
* Cryptocurrency exposures are still limited to 1% of Tier 1 capital with new significant relaxations for hedging. The 1% can be exceeded, but it should not go above 2%.
* The tests for assessing low risk stablecoins have changed. It is now a combination of redemption risk and regulatory supervision but will evolve.

As you can see, because of the complexity of the digital economy we are moving to an open source banking system allowing changes to be made as needed.

The great thing about this article is that it allows us to know the digital sector of the global banking system has been published and ready for legislative adoption and implementation.

© Goldilocks

https://www.ledgerinsights.com/basel-iii-rules-bank-crypto-assets-custody/

"Statement of Commodity Futures Trading Commission Chairman Rostin Behnam at the December 16, 2022 Financial Stability Oversight Council Meeting"

In this brief statement, Rostin is making closing remarks on Libor lending system and expressing encouraging anticipation of deflating an inflating economy through Sofr collateral based lending mechanisms coming into play as we speak.

As you can see from today's articles, the merging of a digital asset backed economy is reaching its final transition points.

The merging of the dollar, digital assets, and commodities that back them are positioned to lead us into 2023.

© Goldilocks

https://www.cftc.gov/PressRoom/SpeechesTestimony/behnamstatement121622

From 2002:

Imagine Legislation That

- Promotes universal home ownership
Terminates or drastically reduces mortgage debt
Provide new banking rules that are equitable to all

- Eliminates federal income taxes
Enables single parents to support their families
Restores financial privacy

- Restores inner cities as vital economic areas
Improves the balance of trade
Restores high-paying productive jobs

- Increases benefits to senior citizens
Doubles the average standard of living
Eliminates bank failures

- Provides 500 billion dollars for infrastructure projects
Makes the Public Responsible for Currency Creation
Eliminates A Trillion Dollars of Public Debt

- Eliminates inflation

- Benefits Americans with an unprecedented economic boom

- Provides a more secure future for all

https://web.archive.org/web/20021012114358/http://nesara.org/main/index.htm

The ORIGINAL Nesara.org seems to have been usurped, so you have to look into the archive.

@SecComms

Accurate update hear from redacted

Ep. 2936a - The [CB] Is Now Implementing The [CBDC], The World Is Watching
https://rumble.com/v1xy8l8-ep.-2936a-the-cb-is-now-implementing-the-cbdc-the-world-is-watching.html?mref=2hzb1&mc=fcbfy

Binance just lost their auditor Mazars Group.

They deleted their crypto page vouching for Binance’s reserves and “paused” all crypto audits. 😳😳😳

https://t.me/LauraAbolichannel

ThankQ

Spiritual Warfare is real. The [darkness] is lashing out every which way it can right now.

The spiritual attacks are also very real, and [darkness] is going to do whatever it can to get us off course.

I know we all feel it. This heavy energy. The pins and needles under our skin. The sleepless night.

Hang tight, and hold fast. God has our backs. Remember your Armor. Adorn it, and never take it off. Light always wins in the end. We just have to weather the storm.

Stay blessed, frens. Amen. 🙏🏻🙏🏻🙏🏻

Who wants the Ebs for Christmas?😁

Watch "RH Negative Bloodlines, Definitive Guide, Tess Clark" on YouTube
https://youtu.be/06kofE2HG3I

On your Birth Certificate, have a look at the bottom near the edges or on the back. You will see in very, very tiny font " Bank Note" or "Treasury Note" etc. It represents the system we live under today and verifies that we are "human" or “human resources” and not a person anymore. A human is defined as a "monster" under Roman Law and thus you have no RIGHTS, whereas a "person" has RIGHTS. We are not sovereigns; we are “citizens” under International Admiralty Maritime Law, also formally called Cannon law. Our soldiers are even called GI’s or “General Issues” or “Bonds”. The FED is controlled via the City of London, which is controlled via the Knights of Malta, via the Jesuit Order.

LAKA ~ About Choosing

Beloved Friends Of Light!

As Each Of You Becomes Aware Of The True Nature Of Your Reality And How You Set About To Create The Circumstances That Memorialize Your Mind-Set In A Given Moment, You Are Able To Step Back From The Circumstances Of Your Life And Attain An Overview!

Ideally, That Vision Is A Melding, Not Only Of Your History In A Given Area Of Experience, But Of Your Aspirations And Dreams Of Where You Might Be Headed, For The Highest Possible Outcome To Manifest For You!

When You Permit Yourself To Visualize In Meditation What You Truly Long For, You Set In Motion Your Divine Connection To All Possibilities! For Where You Have Been, You Are Soon To Return!

Envision Yourself In The Higher Realms As You Walk Through Your Ordinary Day! Imagine The Colors And Sounds You Would Hear If There Was Peace With All Beings! If There Were Large Animals Playing With Small Children And If There Were Blue And Silver Trees, Wouldn't You Smile?

Beloved Ones! See With Your Heart And Create An Open Door That Will One Day Manifest Before You! 

In Perfect Light All Will Gather To Celebrate And Only Feel Love And So Loved!

If You Dared To Walk Through Each Day Now With The Perspective Of Service To Others, You Would Discover The Gift Returned To You In More Ways Than You Can Count! For Love Is Unlimited And Grows Each Moment! It Can Never Be Destroyed As Darkness Falls Away!

Seek The Goodness And Light That Is Always Available To All Beings!

Take A Blind Leap Into What You Know To Be True For You! Immerse Yourself In The Comfort Of Your Soul!

There Is Always Someone You Can Assist In A Small Way! You Can Make A Difference With A Smile!

In Compassion And Love You Are Connected To The Higher Realms That Beckon You Onward In Bliss!

Come And Fly With The Family Of Light!

In Unity And Light We Rise As One!

EN EEKE MAI EA!
I Love You So!
LAKA

Digital supply chain technology: Changing the world of health care - Puget Sound Business Journal
https://www.bizjournals.com/seattle/news/2022/12/16/digital-supply-chain-tech-changing-health-care.html

Why Stellar [XLM] chose USDC to power its new aid initiative? - AMBCrypto
https://ambcrypto.com/why-stellar-xlm-chose-usdc-to-power-its-new-aid-initiative/