CHINA AND GOLD: THE GOLDEN DRAGON?
China is testing offline payments utilizing its digital yuan as the central bank has purchased gold for eight straight months.
The CEO of the second largest gold producer went on public record saying China is buying more than they were reporting.
In discussing the 2022 central banks' gold accumulation, Mark Bristow said that according to numerous sources, China had purchased more than reported, as he believed the figure was in the high 200-tonne range.
China has purchased gold for eight straight months.
In 2022, China's central bank purchased 62 tons of gold.
November marked its first public report of a gold increase in over three years.
What are they signalling?
As @Frank_Giustra says:
Gold is certainly flowing east.
The Western world is increasingly accumulating debt. @DanielaCambone
The BRICS countries are planning to introduce a new trading currency, which will be backed by gold.
More and more counties recently express desire to join BRICS.
https://t.co/lMKTd4FlnT
Our Hamilton #CBDC paper (joint project by the @BostonFed and @mitDCI) was presented at #NSDI ‘23. Video of the presentation was just posted: https://t.co/miUlI8MZCx
It’s open sourced too: https://t.co/LuY6wWICU7
"Once people realize the value of the asset they are creating, we can help them avoid being a 'digital island,'" said @swiftcommunity exec Tom Zschach.
https://t.co/RRxZ0OOLDB
Some countries are looking to issue a central bank digital currency within 10 years, an @OMFIF report showed, even despite recent events in the crypto industry.
@camomileshumba reports
https://t.co/NX4XxnM3Tc
No SIM? No problem.
Messaging app Telegram rolled out a new update enabling users to create accounts using blockchain-based anonymous numbers, as opposed to cell phone numbers. https://t.co/4GuIpuNsVE
The Bank of Spain (@BancoDeEspana) plans to start a wholesale CBDC project and opened on Monday a call for proposals from financial institutions and technology solution providers.
@andresengler reports
https://t.co/13aCRKlHSL
BREAKING: As the new Twitter Blue is rolling out, some users are upset
When selecting your “sex” option in the profile it only has “male, female, & other”
If a user selects “other” — a “seek mental help” pop-up box appears & the app makes them “auto-follow” @libsoftiktok
WTF
@Ripple Swell Global brings together the world's most influential voices across #crypto, #CBDCs, #blockchain, #payments, financial services and economic #policy. Join them November 16-17 at Magazine London.
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