Do you think massive debt issuances are making people poorer?
 
😭 = Inflation hits us all.
🤔 = I'm not sure
❤️ = I don't think it will hurt that much.

#Finance #MercadosFinancieros #bancoscentrales #deuda #MarketSentimentToday

Canada drops plans to issue its own CBDC
The Bank of Canada says it is in no rush to develop its own digital currency, dubbed the Digital Loonie.

The bank says it will focus on the continued evolution of digital payments. For several years, Canada has explored the possibility of launching its CBDC. The Central Bank of Canada has decided not to move forward with the development of its digital currency, known as the digital Loonie, after several years of exploration that began in 2017. This decision comes in a context of rapid digitalization and changes in the ways Canadians pay, and follows a public consultation process in 2022.

The bank confirmed the information to the local press, stating that it has conducted “significant research to understand the implications of a central bank retail digital currency, including exploring the implications of a digital dollar on the economy and financial system, and technological approaches to providing a digital form of public money that is safe and accessible.” Instead of launching a CBDC, the central bank will focus on preparing for the evolution of digital payments both in Canada and globally, through research and policy analysis. This decision aligns with Canadians’ growing distrust of their government regarding the issuance of a CBDC. As reported by CriptoNoticias, 9 out of 10 Canadians distrust their government for such an issuance.

Canada's decision reflects global concerns about privacy. CBDCs, when issued by central banks, could allow for an unprecedented level of monitoring and control over citizens' financial transactions.

#CBDC #CBDC's #bancoscentrales #bank #MarketSentimentToday

$XRP stagnates and seems to indicate that it will stay there, but there are some who think that it is nothing more than a strategy of #bancoscentrales and #SEC to save time ⏲️ and in the long term money 🤑.

Everything points to hidden interests that we will not see coming and only a few will gain from this, personally I continue to accumulate $XRP , something tells me that I will not regret it.

⁠Regulations can improve trust in electronic signatures, says World Bank

A World Bank report pointed to biometrics as a digital authentication method for simple or low-trust electronic signatures

#ciberseguridad #Regulation #banco #bancoscentrales #AutenticidadDigital

Venezuela: Inflation continues to rise, closing August at 1.4%, according to the BCV
Inflation in Venezuela accelerated again in August, according to official data. The National Consumer Price Index registered an increase of 1.4%, exceeding the figure for the previous month

In August 2024, the inter-monthly variation of the National Consumer Price Index (INPC) was 1.4%, closing on the rise. While July closed at 0.7%, as reported on September 9 by the Central Bank of Venezuela through its website.
Through the publication, the banking entity highlighted that “inflation in the months of August is generally higher than inflation in the months of July, due to the school vacation season. Of the 17 years in which the INPC is built, in 11 of them, including the current one, inflation in August has been higher than that of July.”

Although inflation in August 2024 closed higher, the publication indicated that the August figure “is of singular importance, as it is the lowest for an August month since 2012 (1.1%) and the second lowest since 2008 (1.8%) when the construction of the index began at the national level.” While it is true that since December 2021 Venezuela has seen an improvement in the economy in which it was with an inflation that closed at 7.6% that year, it is also important to note that after four years of hyperinflation, the bolivar was drastically affected, which significantly broke citizens' confidence in the local currency and led to the use of the North American currency (USD) or cryptocurrencies as a way of safeguarding assets against inflation in the Caribbean country.

Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendations. #MarketSentimentToday #Venezuela #bancoscentrales #Finance #Finanzas $USDC

Bitcoin is approaching $68,000 again

💰 Central banks are accumulating gold at record levels; they now hold 12.1% of the world's reserves, the highest percentage since 1990. China, India, Turkey and Poland lead these purchases.
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📈 Gold continues to gain ground in the face of financial uncertainty driven by the growth of public debt in the United States.
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📊 In the case of China, gold represents 5.4% of its reserves and reaches a record of 2,264 tons.

👉 Full note here 👈

Is gold the best reserve?

🔥 = Historically, yes.
❤️ = It was, until bitcoin came along.
👀 = I save in dollars.
#gold #Bitcoin #Oro #bancoscentrales #China $BTC

🏦 The Bank of Japan has decided to continue raising interest rates, a move that seeks to combat inflation and strengthen the yen. This more restrictive policy could affect the bitcoin market, as risk assets tend to come under pressure in a higher rate environment.
 
📉 Despite this, the cryptocurrency market has shown resilience, with bitcoin recovering above $59,000, reflecting the complexity of the factors that influence its price.
#Bitcoin #BTC #Japón #bank #bancoscentrales