El Salvador is seeking support from cryptocurrency exchange Binance to perfect Bitcoin BTC -0.06% as legal tender and issue Bitcoin bonds. El Salvador’s ambassador to the United States, Milena Mayorga, said that Binance CEO Changpeng Zhao (CZ) is visiting El Salvador and plans to meet the country’s President Nayib Bukele on Thursday.
In response, El Salvador President Nayib Bukele said on Twitter not to spread the FUD reported by Reuters, as Bitcoin Magazine previously reported that the Bitcoin Volcano bond will be issued through Bitfinex. He said the brief delay in issuance was simply because internal pension reform was being prioritised and must be brought to Congress before then. He is about to meet with Changpeng Zhao, but will discuss issues that have nothing to do with volcano bonds.
“Unless, of course, he wants to buy some [bonds],” he joked. Samson Mow, former Blockstream chief strategy officer and bond design consultant, said that nothing has changed, just that the new law is delayed to Congress, and the operations are in order. First, the new The digital securities law must be submitted to Congress, then it must be passed, after which the issuer writes the offering documents, and then the documents are published, and then the bond is issued.
