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Thursday, January 19, 2017

BACKDOC UPDATE, 19 JAN

BACKDOC:  YES JANET THE FINTECH SYSTEM HAS BEEN COMPLETE IN THE U.S. (see article below) SINCE YEAR END

WHILE VIETNAM, IRAQ, INDIA, DENMARK, SWEDEN, IRAN AND OTHERS PUT THE FINAL TOUCHES ON THEIR PAYMENT SYSTEMS!

THIS PART OF THE INTERNET IS SEGMENTED AND CALLED A "SANDBOX"!  OTHER SEGMENTS OF THE INTERNET FOR FINANCIAL TRANSACTIONS ALSO EXIST TO PROTECT THE SECURITY OF THE NEW REALITY!  


NOW THAT THE SWIFT SYSTEM HAS UPGRADED TO DIGITAL OR BLOCKCHAIN TECHNOLOGY WE CAN SEE MONEY TRANSFERS OCCUR IN SECONDS TO 3 MINUTES RATHER THAN TAKING 3 DAYS TO TWO WEEKS WITH THE OLD SYSTEM AND WITHOUT FRAUD OR CORRUPTION!


THE ALGORITHMIC LEDGER TECHNOLOGY OF BLOCKCHAIN CATCHES FRAUD IN ITS TRACKS!  HEE HEE

NOW JANET WE WANT YOU TO SHOW US THE TRADING PLATFORMS THAT HAVE BEEN UPGRADED TO DIGITAL BLOCKCHAIN AS WELL.

SHOW US THE UPGRADED FOREX OR SHOW US WHERE YOU ARE TRADING ALL THESE COUNTRIES DIGITAL CURRENCIES FOR THE LAST TWO YEARS PLUS!


I BET YOU SHOW US BY THE END OF MARCH SINCE IRAN GOES TO A ONE PAYMENT SYSTEM AND BRITAN LAUNCHES ITS NEW CURRENCY ON MARCH 28TH!

 OH AND DON'T FORGET JANET, ARTICLE 50 WILL BE INVOKED IN LATE MARCH AS WELL, MAYBE EVEN ON THE 28TH, HEE HEE  AND THAT WILL BEGIN THE REALITY OF THE REAL BREXIT!  


8@8, DOC  IMO

Walkingstick:  Federal Reserve carefully monitoring blockchain and fintech innovations, says Janet Yellen

Thursday, January 19, 2017

Federal Reserve chief Janet Yellen recently revealed that the central bank is closely looking at the latest developments in the blockchain and fintech space.

Speaking at the Commonwealth Club, San Francisco, California on January 18, Yellen made the remarks during the Q&A round which followed her speech on “The Goals of Monetary Policy and How We Pursue Them”.

Yellen said that blockchain is “a technology that enables transactions and ownership of things to be taken care of automatically, without a need, for example, for a trusted central party to record transactions. So, it is very important new technology that could have implications for the way in which transactions are handled throughout the financial system.

"We’re looking at it in terms of its promise in some of the technologies that we use ourselves and many financial institutions are looking at it. It could make a big difference to the way in which transactions are cleared and settled in the global economy.”


Further, she said that the Feb recognizes the threat of cybersecurity. Yellen clarified that while there have been some incidents on the central bank’s public facing website, no such breach has ever happened on the Fed’s core network.

When asked about implications of cashless economy, Yellen said:

“The demand and use of cash continues to increase, but there are many important innovations taking place in the payment space. Fintech innovations that I think are very exciting in terms of resulting in faster, safer payments not only at the wholesale but also at the retail level that could change the use of cash overtime…We are monitoring those developments very carefully.

“We want to make sure that useful and welfare enhancing innovations can take place in way that we do not stifle them, yet we also want to make sure that consumers are well protected”.


http://www.econotimes.com/Federal-Reserve-carefully-monitoring-blockchain-and-fintech-innovations-says-Janet-Yellen-495936

BACKDOC:  WELCOME IRAQ TO THE ASSET-BACKED DIGITAL NEW REALITY! BLOCKCHAIN FRONT AND CENTER NOW!

Walkingtick:  Change: frozen accounts which intend to open the Kurdistan for their employees to deposit their salaries which "fake"

BAGHDAD / .. revealed the mass change for the parliamentary frozen accounts which intend to open the Kurdistan Regional Government for its employees to deposit their salaries which "fake".

The bloc Prime Kaveh Mohammad's "approach" that the provincial government held a meeting with the Kurdish parties were held recently and told them of their inability to pay salaries due to the debt frequent on the region and the delayed delivery of Baghdad, the 17% of the budget, indicating that the government has called on the parties to the need to find a political consensus to solve economic crisis.

He added that the provincial government and directed to open bank accounts for employees to deposit their salaries where, but it was "fake" in addition to the deduction of taxes on electricity, water and other services, noting that the money deposited is not delivered to the intended recipients but remain only digital and are delivered each quarter salary employees every 50 days .

Mohammed described the policy as such as a "red herring. 

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