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El Salvador Bitcoin-Backed Bond May Launch Next Week

 

BY TYLER DURDEN

 

El Salvador is set to issue its first-ever $1 billion bitcoin-backed bond as early as next week, however the war in Ukraine has created a ‘timing issue’ according to a Friday statement by finance minister Alejandro Zelaya.

“We believe that between March 15 and 20 is the right timing, we have the tools almost finished. But the international context will tell us … I didn’t expect the war in Ukraine,” he told a local TV channel, according to Reuters.

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