The government is reconsidering the launch date of its Salvadoran Bitcoin bonds, whose funds were to be used to finance the construction of the Bitcoin City.
regulations for the issuance of these debt instruments since January. However, the announced issuance period passed, and the bonds were not issued.Zelaya also claimed there are other reasons affecting the issuance of the Salvadoran bitcoin bonds, like the sudden fall of the cryptocurrency market.
This fall in the price ofto the launch back in March, stating conditions were not right for the issuance of the bonds at that time, and hinted at a possible future issuance in the months of May or June, mentioning September as the latest potential date for launch.However, local economists have other opinions when it comes to the reasons why these bonds have not been issued.
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