El Salvador Bitcoin Bonds Set to Launch Amidst Ukraine Conflict, Doubts

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El Salvador Bitcoin Bonds Set to Launch Amidst Ukraine Conflict, Doubts

El Salvador Finance Minister Alejandro Zelaya recently announced the launch of Central America’s Bitcoin bond could happen between March 15 to March 20. However, the ongoing conflict in Ukraine and apprehension from institutional investors may pose issues for the launch. We believe that between March 15 and 20 is the right timing. We have the tools almost finished,” he told the channel. This is in line with President Nayib Bukele’s long-time vision of building a “Bitcoin City” through issuing El Salvador’s first $1 billion Bitcoin-supported bond and using gains to purchase more crypto assets. The city is planned to be powered by geothermal energy from a nearby volcano to “mine” digital coins.   Recourse: CoinQuora