El Salvador postpones planned Bitcoin Bond: report
Nelson Wang- Coindesk
El Salvador has postponed its planned $1 billion bitcoin bond offering due to unfavorable market conditions, Finance Minister Alejandro Zelaya said on Tuesday, according to a report from Reuters.
- It had initially been scheduled to launch between March 15-20 but the Russia-Ukraine war and its impact on the price of bitcoin caused the government to change the date, according to Reuters.
- The issuance could be postponed to as late as September, Zelaya told Reuters.
View full text