SAN SALVADOR — El Salvador is looking for assist from cryptocurrency change Binance for its implementation of bitcoin as authorized tender and the issuance of bitcoin bonds, the Central American nation’s ambassador to america stated on Wednesday.
Binance Chief Govt Officer Changpeng Zhao is visiting El Salvador and plans to meet President Nayib Bukele on Thursday, ambassador Milena Mayorga advised reporters.
Ms. Mayorga stated Mr. Zhao’s go to was a vote of confidence in Bukele’s resolution to undertake bitcoin as authorized tender final September, in addition to its plan to difficulty bitcoin-backed bonds.
Mr. Zhao praised El Salvador for taking on a pioneering position within the adoption of bitcoin and stated Mr. Bukele’s presidency could be remembered in “heroic” phrases for its daring wager on the longer term.
The nation’s adoption of bitcoin has been beset by public skepticism concerning the cryptocurrency, which has depreciated considerably since hitting a report excessive in early November.
On Tuesday, the federal government stated it was delaying its deliberate issuance of bitcoin bonds. — Reuters