Read on Twitter
This deserves as manny digging eyes as we can find. This documentation I think could hold the key for more insight on the XRP security situation. Also paired with the OCC update 2 days ago. Interesting times indeed. Oh yeah and the doc is labeled 589..
https://fraser.stlouisfed.org/title/bank-loans-stock-exchange-speculation-614
https://fraser.stlouisfed.org/title/bank-loans-stock-exchange-speculation-614
Okay so hear me out. What if XRP is a "Derivatives Security". Ive been chatting with @KrazyNub88 and I think we may be on to something. Check this out. Also remember FLR and SPARK give XRP access to Derivatives through DeFi. Also, paired with the 589 doc I am reading above..hmmm
WOW. Just found this BIS document that also talks about cross border securities used in settlements (same way that XRP is). This is starting to make a lot of sense ppl. Yes the doc is old but there is more relevant info. sit tight.
https://www.bis.org/cpmi/publ/d12.pdf
https://www.bis.org/cpmi/publ/d12.pdf
HOLY SHIT. From bank of Japan and ECB.
https://www.boj.or.jp/en/announcements/release_2020/rel200212a.htm/
https://www.boj.or.jp/en/announcements/release_2020/rel200212a.htm/
I think this really might mean XRP is a derivatives security. Look at my previous tweet to see that this not to be mistaken with an Equity Security (such as stock ownership)...
https://www.ecb.europa.eu/pub/pdf/other/stella_project_report_march_2018.pdf
https://www.ecb.europa.eu/pub/pdf/other/stella_project_report_march_2018.pdf
