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written by reader What is this New Banking Rule?

By gatormom, December 17, 2020

Does anyone know about the new banking rule that will effect 234 million Americans. Palm Beach Research Group among others keep touting that

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#lightthepath
Member
#lightthepath
January 30, 2021 4:29 pm

Good question…. i came looking for help here too?

jims3d
jims3d
January 30, 2021 10:09 pm

He says that the Office of the Comptroller of the Currency or OCC has recently issued a letter where they have stipulated the new rule to govern the financial system. According to analysts like Tiwari, it is a landmark decision that can lead to major shifts in the financial space.
He says that the new rule will enable bank accounts to offer a new type of account that will allow people to transact cryptocurrencies seamlessly.
He says that this will allow big money, which previously found it hard to trade cryptocurrencies, to have greater access to the market.
He also mentions that the financial landscape in 202 has pushed investors to look for a way to hedge themselves against a fiat currency that could be impacted by inflation. This has been occasioned by the fact that the Fed and the government have had to print a lot of money to prop up the economy.
Tiwari and a few others believe that printing too much money out of thin air, while deemed necessary to keep things afloat, will trigger inflation making the dollar an unreliable store of value.
Cryptocurrencies, especially those with limited supplies, are providing an alternative to gold as a store of value. Bitcoin is a good example of this.

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scott c
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scott c
April 10, 2021 8:09 pm
Reply to  jims3d

other than ETH and BTC, what cryptos would be a safe store of value that isn’t tied to the dollar (stablecoin)? I have yet to find one that is tied to EUR, sterling, SGD or other. So, unless you want to put your life savings in a crypto that could go from .0001 BTC to .00000001 BTC, they are all tied to the same dollar that is being devalued.

Will all these banks use ETH as their basis, Ripple, Cardano, Monero Polkadot, Tron, Ocean?

If there was a stablecoin based on SGD or another currency and I’m in

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Dennis H. Espinoza
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Dennis H. Espinoza
December 4, 2021 9:12 pm
Reply to  scott c

If you end up going in, go in light or not at all till there is decent positive movement. Raise the ante as you see more progress. I will purchase more coins as soon as another 500,000 are sold. Go in incrementally would be the conservative approach. My .02

Buy/Sell Bitcoin, Ether, AABBG, Cryptocurrency Exchange, AABBExchang (aabbexchange.com)

Exchange is not live yet. A majority of the functionalty is completed.

The mobile wallet can be downloaded from the App Store (ios) or Google Apps (Android).
The wallet can also be launched on a PC by scanning the QR Code on the exchange to the wallet app on a mobile device which opens the wallet on a PC.

The number of tokens sold per day can be seen graphed here. Jon (@AABBGSales2) | Stocktwits
400,000 this is before the exchange has gone live. To purchase tokens one has to purchase BTCs or Ethereum on an exchange like Coinbase or Kraken and then use the BTC or Ethereum to purchase AABB Gold Tokens which are backed by a small amount of gold per token, small enough to use for small purchases for businesses that will accept it. Right now that is not too many but the number is growing. Think about it, if you ran an retail store would you want to accept BTC or any of the other crypto not backed by anything or crypto backed by gold. I did a small purchase of Etheruem and purchased 40 tokens that now are accounted for on the AABB Wallet.
AABBG – A Guide to Make Purchases of AABB Gold Token (ETH20: AABBG) – YouTube

AABB Wallet – A Secure & Anonymous Cryptocurrency Wallet (aabbgoldtoken.com)

Gold, Bitcoin or DeFi: How can investors hedge against inflation? (cointelegraph.com)

Gold at $10k, silver at $500 due to ‘a decade of shortage’, inflationary black swan event | Kitco News

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philrar
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philrar
April 10, 2021 10:01 pm

What is the ID coin that is being touted today?

goober12
Member
goober12
April 12, 2021 1:06 pm

New Banking Rule Set to Affect 234 Million Americans

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