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What is ISO ® 20022 and why does it matter? - FRBservices.org
What is ISO 20022 and How Will it Impact the Crypto Industry?
June 01, 2022 - 10 min read
ISO 20022 Coins May Be Treated More Leniently By Regulators and Force Mass Adoption of the Standard
SWIFT ISO 20022 Timeline and ISO 20022 and
The Federal Reserve
MX/ISO 20022 mandatory adoption
is intended to occur in several stages.
High-value, cross-border payments in the European Union will first transition to ISO 20022 in November 2022,
particularly payments involving the Target2 system,
the real-time financial settlement system used by central banks in the Eurosystem.
****The U.S. Federal Reserve will fully transition to ISO 20022 by November 2023.
The old MT/ISO 15022 messaging system will continue to be partially used until 2025,
after which the vast majority of MT/ISO 15022 messages won’t be permitted.
CBDC is sometimes thought of as equivalent to a digital banknote, although in some respects it may have as much in common with a bank deposit.
Any UK CBDC would work alongside - not replace - cash and bank deposits. We will continue to provide cash for as long as the public still want it.
What is ISO 20022 and How is it Changing?
https://www.ir.com/guides/what-is-iso-20022
Transition plan
On 5 December 2022, we announced that the migration of CHAPS to ISO 20022 messaging
*******(Transition State 2.1 of the RTGS Renewal Programme) –
will now occur on 19 June 2023, rather than April 2023.
This decision follows a period of consultation with CHAPS Direct Participants,
to understand the impact of the European Central Bank (ECB) decision to move their
TARGET2 ISO 20022 migration from 21 November 2022 to 20 March 2023.
Welcome to ISO 15022 | ISO20022
The International Organization for Standardization (ISO) is a worldwide federation of national standards bodies (ISO member bodies).
https://www.iso20022.org/welcome-iso-15022
****The ECB re-plan, combined with the subsequent decision by SWIFT to move its (cross-border)
** ISO 20022 implementation to 20 March 2023, has had a considerable impact on industry preparation plans.
The new Transition State 2.1 go-live date is designed to provide sufficient time for the industry to safely manage the ECB and SWIFT transitions before making
final preparations for CHAPS to safely transition to the ISO 20022 messaging standard.
In the light of this amended timeline,
the Bank is reviewing the milestones and indicative migration date for Transition State 3 –
the introduction of the new RTGS core ledger and settlement engine.
The Bank will be adjusting milestones to avoid clashes with the revised Transition State 2.1 migration.
Our aim is to minimize
the impact of the revised timeline on the Transition State 3 implementation,
currently scheduled for spring 2024, ****
whilst also ensuring that the plan is safe and robust.
We expect to announce the revised milestones and key dates for Transition State 3 in February 2023.
RTGS Renewal Programme
The RTGS Renewal Programme will deliver the next generation of our real-time gross settlement (RTGS) service.
The Real-Time Gross Settlement (RTGS) service is the infrastructure that holds accounts for banks, building societies and other institutions.
The balances in these accounts can be used to move money in real time between these account holders, this delivers final and risk-free settlement.
A programme of work has been established to deliver a renewed Real-Time Gross Settlement (RTGS) service. As set out in the blueprint,
as well as replicating the functionality provided today, the new RTGS service will deliver a range of new features and capabilities for payments and settlements between financial institutions.
More detail on when functionality is now expected to be delivered is in the Programme timeline below.
We will continue to engage with the payments industry throughout the Programme, to ensure that the next generation of RTGS creates a world-leading payments service for the UK.
https://www.bankofengland.co.uk/payment-and-settlement/rtgs-renewal-programme
Use of Data Source Schemes in ISO 15022 Compliant Messages
Updated on 17 December 2020 – 1. Addition of DSS for the China Central Depository & Clearing (CCDC)
https://www.iso20022.org/sites/default/files/2022-05/ISO15022_Data_Source_Schemes.pdf
THIS IS FINNISHED!!
SWIFT ISO 20022 Timeline and ISO 20022 and The Federal Reserve
SWIFT ISO 20022 Timeline and ISO 20022 and The Federal Reserve
MX/ISO 20022 mandatory adoption is intended to occur in several stages.
High-value, cross-border payments in the European Union will first transition to ISO 20022 in November 2022,
particularly payments involving the Target2 system, the real-time financial settlement system used by central banks in the Eurosystem.
The U.S. Federal Reserve will fully transition to ISO 20022 by November 2023.
The old MT/ISO 15022 messaging system will continue to be partially used until 2025,
after which the vast majority of MT/ISO 15022 messages won’t be permitted.
ISO 20022 Message Types
SWIFT ISO 20022 Timeline and ISO 20022 and The Federal Reserve
ISO 20022 Coins and Cryptocurrencies
ISO 20022 and Ripple
ISO Integration With Other Cryptocurrencies
ISO 20022 for Beginners
The Technical Details of ISO 20022 Payments
Benefits of ISO 20022 Specification
In Conclusion: Investors Should Closely Watch Cryptos Using The ISO 20022 Standard
https://supraoracles.com/academy/what-is-iso-20022-and-how-will-it-impact-the-crypto-industry/
Bank 4.0 and the Future of Financial Services
https://rumble.com/vpoh89-bank-4.0-and-the-future-of-financial-services.html
CBDC DIGITAL CURRENCY TRACK EVERYTHING
https://rumble.com/vpogi3-cbdc-digital-currency-track-everything.html
Every human will be tagged with a digital identity by 2026- Klaus Schwab
A Digital Prison Is Being Built Around You Right Now
https://rumble.com/v247cdq-a-digital-prison-is-being-built-around-you-right-now.html
CBDC DIGITAL CURRENCY
https://rumble.com/vpog4t-november-23-2021.html
What is a Digital Twin?
https://rumble.com/v24iqve-what-is-a-digital-twin.html
Digital Twin NSA Sentient World Simulation DNA Nanobots Dr. Robert Duncan
DNA Nanotechnology Mind Control Interface Links Humanity to Digital World Inside a Quantum Computer
The Final Lockdown Street Lights That KILL in Smart Cities, CBDC, Digital ID Aman Jabbi
Digital DNA to identify and target individuas through Frequencies
https://rumble.com/vp694i-synthetic-virus-digitizes-dna-linking-humanity-to-the-matrix-through-5g-fre.html
Digital Dictatorship Aman Jabbi
https://rumble.com/v23q88i-digital-dictatorship-aman-jabbi.html
Facial Recognition Social Credit Score
https://rumble.com/v20hv6i-facial-recognition-social-credit-score.html
Social Credit Score ALL FREEDOMS DIE WITH THIS
https://rumble.com/v1297uv-social-credit-score-all-freedoms-die-with-this.html
WHITE HATS BLOW WHISTLE ON GREAT RESET SOCIAL SCORE SOFTWARE
https://rumble.com/v23lbz8-white-hats-blow-whistle-on-great-reset-social-score-software.html
FEDNOW CREDIT/DEBIT SYSTEM The Fed Just Announced CBDC Launch 2023
https://rumble.com/v20siuq-fednow-criedtdebit-system-the-fed-just-announced-cbdc-launch-2023.html
Fakebook Agenda Digital ID to Access the Internet
https://rumble.com/vnhok7-fakebook-agenda-digital-id-to-access-the-internet.html
The Plan to Put Bitcoin in Mouse DNA With a Genetically Engineered Vxrus
United Nations Proposes Digital ID System Tied to Bank Accounts and Mobile Payment Platforms
Metaverse identity encompasses three components:
Representation: including personal, social and role identity,
be it through avatars, pseudonyms or other digital expressions
Data: capturing the intricate web of knowledge about individuals generated
by metaverse supporting hardware and software
Identification (ID):
be it through driver’s licenses, government-issued IDs, passports, birth certificates, attestations, labels, or usernames and passwords
Congress explores digital identity schemes, WEF-backed public-private collaboration agenda
https://sociable.co/government-and-policy/congress-digital-identity-wef-public-private-agenda/
The US House of Representatives explores digital identity schemes and hears testimony in favor of public-private collaboration on biometric ID authentication standards championed by the World Economic Forum and the FIDO Alliance.
The World Economic Forum (WEF) is pushing digital identity as a major component of its globalist great reset agenda to revamp the world’s economy and all societal structures.
“The public and private sectors should collaborate to deliver solutions that promote confidence, privacy, choice, and innovation” — “Improving Digital Identity Act of 2021”
In January, 2020, the WEF partnered with the FIDO Alliance on a 26-page report called “Passwordless Authentication,” in which the two entities presented how digital identity could be authenticated using FIDO’s biometric principles.
FIDO, which stands for Fast IDentity Online, developed an authentication standard that looks to eliminate the need for passwords and replace them with a user’s biometric identifiers through voice and facial recognition, iris scans, and fingerprint swipes.
Testifying on digital identity before Congress on Friday was one of the joint WEF-FIDO report contributors, Jeremy Grant, who is also the managing director at Venable — a WEF partner on the Platform for Good Digital Identity.
WEF_Passwordless_Authentication.pdf
https://www3.weforum.org/docs/WEF_Passwordless_Authentication.pdf
KEY INSIGHTS FROM THE REPORT
The Evolution and Importance of Digital ID:
The report traces the history of identification and its pivotal role in society, emphasizing the need for digital ID in an era where digital transactions and AI are becoming ubiquitous. It discusses various forms of digital ID, including centralized, federated, and decentralized systems, each with unique advantages and challenges.
Decentralized ID – A Paradigm Shift: Decentralized ID systems, leveraging cryptography and digital wallets, empower individuals to manage their data while allowing multiple entities to issue credentials.
This approach enhances privacy, control, and efficiency, and is seen as a potential game-changer in the digital ID landscape.
Challenges and Recommendations:
Despite its potential, decentralized ID faces implementation barriers, including technical complexities, policy gaps, and governance challenges.
The report provides comprehensive recommendations for stakeholders, emphasizing the need for technological innovation, policy development, and collaboration to realize the full potential of decentralized ID.
While the report primarily focuses on the broader research project of decentralized ID,
it acknowledges the contributions of various stakeholders, including organizations like the Learning Economy Foundation.
The Foundation's role in supporting these efforts, particularly in the context of educational and skill credentials, is crucial.
Decentralized ID can enable verifiable, efficient, and private proof of educational achievements, aligning with the Foundation's mission of fostering a learning economy.
"Reimagining Digital ID" by the World Economic Forum is a significant contribution to the ongoing discourse on digital identity. It not only highlights the challenges faced by millions without legal IDs but also proposes decentralized ID as a viable solution to enhance privacy, control, and access to services.
The report's recommendations offer a roadmap for stakeholders, including the Learning Economy Foundation, to navigate the complexities of implementing decentralized ID systems effectively.
World Bank president calls on governments to launch digital ID, connect with private sector
https://sociable.co/government-and-policy/world-bank-governments-digital-id-connect-private-sector/
Reimagining Digital ID
INSIGHT REPORT
JUNE 2023 https://www3.weforum.org/docs/WEF_Reimagining_Digital_ID_2023.pdf
Netherlands Promotes Digital ID At Davos - Armstrong Economics
https://www.armstrongeconomics.com/world-news/wef/netherlands-promotes-digital-id-at-davos/
Reimagining Digital ID: A World Economic Forum Insight Report
https://www.learningeconomy.io/post/reimagining-digital-id-a-world-economic-forum-insight-report
UN pushes for global digital ID system to boost financial inclusion
https://dig.watch/updates/un-pushes-for-global-digital-id-system-to-boost-financial-inclusion
Davos 2023: What To Know About WEF's Digital ID Initiative To Reduce Poverty, Increase Global Productivity
Your metaverse identity will be central to daily life: WEF report
Virtual voodoo dolls, autonomous avatars & digital doppelgangers will be your behavior-profiling passports in the metaverse: perspective
Your metaverse identity, with its digital ID, biometric data capture, and behavior profiling, will be central to your every day life, according to a World Economic Forum (WEF) report.
“Metaverse identity” is a relatively new concept that the WEF and Accenture describe in great detail in a new 48-page report entitled “Metaverse Identity: Defining the Self in a Blended Reality.”
According to the report:
“As people spend more time exploring, playing and socializing in digital experiences, a person’s metaverse identity will be central to their day-to-day life as well as to the way they express their personal identity.”
But what exactly do the unelected globalists mean by “metaverse identity?”
https://sociable.co/government-and-policy/metaverse-identity-central-daily-life-wef/
great reset
https://sociable.co/tag/great-reset/
‘Internet of Bodies may lead to Internet of Brains’ by 2050: Rand
“An ‘internet of bodies’ may also ultimately lead to an ‘internet of brains’, i.e. human brains connected to the internet to facilitate direct brain-to-brain communication and enable access to online data networks”
Commissioned by the UK Defence Science and Technology Laboratory and conducted by RAND Europe and Frazer Nash Consulting, the study “Cultural and technological change in the future information environment” looks at six technologies and information environments and their implications for British defense.
They include:
Automated information systems
A virtual metaverse
Augmented and mixed reality
Advanced connectivity
Human augmentation
Information security
A major theme running through these information environments is transhumanism — the merger of humans and machines.
“While some experts predict the tactical improvement of human capabilities, others have explored the potential emergence of ‘trans-humanism’ within the 2050 timeframe”
RAND Corporation, March 2024
https://sociable.co/military-technology/internet-of-bodies-internet-of-brains-2050-rand/
Cultural and technological change in the future information environment
https://www.rand.org/pubs/research_reports/RRA2662-1.html
Your digital identity can be used against you in the event of a great reset
https://sociable.co/technology/your-digital-identity-used-against-you-great-reset/
Metaverse Identity:
Defining the Self in
a Blended Reality
INSIGHT REPORT
MARCH 2024
https://www3.weforum.org/docs/WEF_Metaverse_Identity_Defining_the_Self_in_a_Blended_Reality_2024.pdf
original link found on NAZIworldORDER - NWO - SECRET SOCIETIES, ILLUMINATI, GREAT RESET
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