ISO20022, BASEL 3 = QFS = PI = GESARA & NESARA: Transformation Towards a Fair Global Financial System
By: Barland - ISO20022, BASEL 3, QFS (Quantum Financial
System), along with GESARA and NESARA, are terms increasingly heard in the
context of global financial system transformation. Amidst these changes, Pi
Network also plays a pivotal role with adherence to GESARA and NESARA
principles in the use of differentiated wallet addresses.
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ISO20022 and BASEL 3: New Standards and
Regulations
ISO20022 is an international standard adopted
to facilitate electronic data exchange among financial institutions. This
standard aims to enhance the speed, accuracy, and security of global financial
transactions. On the other hand, BASEL 3 comprises rules set by the Basel
Committee to ensure global banking stability by imposing stricter capital
requirements.
Quantum Financial System (QFS) and the Role of
Pi Network
The Quantum Financial System (QFS) is
purported to replace SWIFT as the primary infrastructure for safer, more
efficient, and transparent cross-border payments. Pi Network, as one of the
rapidly growing crypto networks, is seen as a critical player in transitioning
to QFS. With a large user base and increasing global adoption, Pi Network could
facilitate smoother integration into this new financial system.
Pi Network, GESARA, and NESARA: Implementing
New Values
The Global Economic Security and Reformation
Act (GESARA) and the National Economic Security and Recovery Act (NESARA) are
legal initiatives designed to restructure the global financial system with a
focus on economic fairness, transparency, and national economic recovery. One
intriguing aspect of Pi Network is its use of wallet address naming conventions
consistent with GESARA and NESARA principles. Pi Network wallet addresses begin
with "G" for the United States, in line with GESARA, while pioneer
wallets in America start with "N," adhering to NESARA.
Sustainable Global Financial Transformation
The implementation of ISO20022, BASEL 3, and
QFS, along with the vision of GESARA and NESARA, marks a significant step
towards a more stable, fair, and efficient global financial system. These
changes encompass not only new technologies and regulations but also a paradigm
shift in how global finance is regulated and operated. Pi Network, with its
commitment to GESARA and NESARA principles and its blockchain technology
innovations, plays a crucial role in this transformation.
Impact of Pi Network on the Global Financial
Ecosystem
With rapid user growth and widespread
adoption, Pi Network has the potential to influence more than just crypto
transactions. Pi Network also offers opportunities for users to participate in
a more inclusive and decentralized digital economy. Through its platform, Pi
Network encourages users to understand and leverage blockchain technology and
broader economic values promoted by GESARA and NESARA.
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ISO20022, BASEL 3, QFS, GESARA, and NESARA
represent significant changes in the structure and operation of the global
financial system. Pi Network, with its adherence to GESARA and NESARA
principles and its innovations in blockchain technology, stands firm in
addressing challenges and opportunities in building a fairer and more
sustainable global digital economy for all stakeholders. By continuously
collaborating and integrating new technologies and values, Pi Network could
lead in redefining the global digital economy.
Looking Ahead: Embracing a Fairer Financial
Era
With various initiatives and ongoing changes,
the financial world is on the brink of a promising new era. Pi Network,
committed to regulatory principles and driving global financial inclusion, is
uniquely positioned to shape a brighter future for all. By staying proactive
and adaptable, Pi Network can pioneer the creation of a more stable and
trustworthy crypto ecosystem.
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References
- BIS (Bank for International Settlements). (2024). Basel III:
International Regulatory Framework for Banks.
- SWIFT. (2024). ISO 20022.
- NESARA Institute. (2024). NESARA Law.
- GESARA Alliance. (2024). GESARA Overview.
Disclaimer: This article is compiled based on
independent research and analysis. Readers are advised to conduct further
research and consult financial experts before making investment decisions.
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