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21.03.26 - 22:36
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Iran Ready To Let Japanese Ships Use Hormuz As Chinese, Indian Tankers Already Allowed Passage (ZeroHedge)
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Iran Ready To Let Japanese Ships Use Hormuz As Chinese, Indian Tankers Already Allowed Passage
While Iran's decision to close the Straits of Hormuz in response to the US-Israeli bombing campaign was understandable, after all it's the biggest point of leverage the IRGC-controlled nation has left (it is certainly more understandable than bombing all of its Gulf neighbors in the process pushing them from being on the fence to being staunchly anti-Iran), there was always a bit of a glitch in Tehran's calculus: as we showed the day the war broke out, the biggest clients of Gulf exporting nations by far are China, India, Korea and Japan, namely Asian countries which - with the exception of Japan - are hardly allies of the US. Therefore, the countries that would be hit the hardest were those Pacific rim nations that would buy millions of barrels of oil daily from Gulf countries before the war, and now find that oil indefinitely blocked behind the Strait.
While prices are fungible, the biggest lose...
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21.03.26 - 21:36
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Major Trade Group Releases Framework For Tokenized Gold (ZeroHedge)
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Major Trade Group Releases Framework For Tokenized Gold
Authored by Martin Young via CoinTelegraph.com,
The major gold trade association, World Gold Council, and the Boston Consulting Group have proposed a new platform to modernize how the precious metal operates in digital financial systems.
The World Gold Council said on Thursday that it published a white paper on “Gold as a Service,” a new platform to “support the issuance and operation of scalable, interoperable digital gold products.”
The open platform would connect the physical custody of gold with the digital systems used to issue and manage tokenized gold products.
“By standardizing essential market processes such as custody coordination, reconciliation, compliance, and redemption, the model aims to reduce operational complexity, improve access, and enable greater consistency across digital gold products,” the World Gold Council said.
Crypto-native tokenized gold products include Tether Gold or Pax Gold, which have fo...
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