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How to Choose a Bank for Depositing Your Money

... not to navigate other investment avenues while possessing some liquid assets. Banks lend clients' money at a predetermined interest rate. This rate can vary depending on the term of the deposit, the financial institution itself, and its policies. The Central Bank annually sets a maximum interest rate that is not subject to taxation. It is important to clarify this figure in advance. If a financial institution offers a rate higher than this, customers must pay income tax on the difference. How is the interest ...

Tokenization of Money and Assets: New Horizons and Challenges for the Financial System

... create a system that functions without traditional intermediaries, like banks. By enabling direct transfers between parties, tokens can reduce transaction costs and accelerate settlement processes. Key Applications of Tokenization Digital Currencies and Central Bank Digital Currencies (CBDCs) In recent years, central banks have begun exploring the creation of central bank digital currencies (CBDCs), a digital counterpart to national currencies. Supported by central banks, CBDCs could streamline international ...

Wednesday, November 20, 2024: Key Economic Events of the Day

... movements as key economic indicators and corporate earnings reports are released. Investors should pay close attention to China's Loan Prime Rate announcement, inflation data from the UK and Germany, U.S. crude oil inventory levels, and speeches from central bank leaders. Additionally, major corporations such as NIO, Target, TJX, Wix.com, Williams-Sonoma, Global-E Online, Nvidia, Snowflake, Palo Alto Networks, and Jack in the Box are scheduled to release their earnings reports. These events are expected to ...

Wednesday, November 13, 2024: Key Economic Events for Investors

Midweek brings crucial economic updates, with inflation data from the U.S., UK, and Russia taking center stage. Investors will be closely monitoring CPI releases to assess inflationary pressures and anticipate potential shifts in central bank policies. In Europe, industrial production data from the Eurozone will provide insights into the region’s manufacturing strength, while in Asia, China’s trade balance figures offer a pulse on global demand. Additionally, the EIA’s oil inventory ...

Top 10 Cryptocurrencies as of April 2025: Overview of Best and Promising Cryptocurrencies

... the period of uncertainty. Ripple continues to develop its network: the geographic scope of ODL (On-Demand Liquidity – a service using XRP for settlements) is expanding, and new projects are being launched on the XRP Ledger, for instance, related to central bank digital currencies (CBDCs). The prospects for XRP relate to how actively banks and payment systems will use it in real operations. If regulatory barriers are lifted, XRP has the potential to strengthen its role in international settlements. Critics,...