El Salvador Government Still Not Ready For Bitcoin Bonds

The government of El Salvador is still not ready to issue a bitcoin-denominated bond.

the government of El Salvador, 15-20 March in bitcoin (BTC) between 1 billion dollars It was expected to issue a huge bond.

Finance Minister Alejandro Zelaya made a statement on the subject on March 22, He also referred to the Russia-Ukraine war. and said that the right time had not yet come to make such a move.

Zelaya’s statements on a national channel yesterday show that the government is still not ready to issue this bond.

Bitcoin became a legal issue last year. means of payment El Salvador, which recognized it as a first and thus broke new ground, has also purchased large amounts of bitcoin in the intervening period. In total in reserve 2 thousand 301 BTC the government of El Salvador, which hosts More than $35 million in losses is estimated.

In the broadcast he attended yesterday, the government has so far about selling Answering a question, Zelaya said that the government “some” sells bitcoin, but for now those in reserve not sold told.

source site-9