Central American nation El Salvador’s first $1 billion Bitcoin (BTC) bond issue may be delayed due to volatile international conditions.
previous bond issue 15-20 March Minister of Finance of El Salvador, who said that it will take place betweenI Alejandro Zelaya, The war between Ukraine and Russia may slow down the process. told. ZelayaHe told a local television station, “We have almost completed the necessary materials, but the international context will tell us the right time.” he stated.
El Salvador lawmakers have reportedly had to preoccupy with the repercussions of the Ukraine war for the past week or two when they should have made the final adjustments to the bonds. Local newspaper La Prensa GráficaAccording to a report from March 15 As of this date, the laws required for bonds had not yet been submitted to Congress.
Minister Nayib Bukele, November annual coupon interest 6.5% announced plans to build a “Bitcoin City” funded by the sale of bonds. 1 billion dollars half of the proceeds from the issuance of bonds bitcoin will be used to get, the rest is infrastructure supported by geothermal energy and Bitcoin mining will leave for
Financial TimesA report in . La Geo It was stated that it would be exported by Also bonds not serviced in the United States Bitfinex to be traded on the stock exchange US citizens will not be eligible for purchase.
Details of El Salvador’s $1 Billion Bitcoin Bond Issuance Revealed
Related article: Details of El Salvador’s $1 Billion Bitcoin Bond Issuance Revealed