El Salvador’s ‘Volcano Bond’ will not go live in March as the Salvadoran government expected previously, Finance Minister Alejandro Zelaya said. Zelaya claimed that the delay was due to the volatile prices of BTC fuelled by the Russia-Ukraine crisis. He added that the government of El Salvador decided to wait for favourable conditions in the financial market, expecting September at the latest.
As previously reported, the USD 1 billion BItcoin bond was originally scheduled to launch in mid-March. El Salvador Congressman William Soriano took to Twitter in early February to declare that the Bitcoin bond was expected to go live by the second or the third week of March.
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