Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-03-24 12:38:56

El Salvador president links with Binance CEO to help adopt Bitcoin - Reuters

Following the delay of its first bitcoin-backed bond issuance, El Salvador is turning to cryptocurrency exchange Binance for help on adopting Bitcoin (BTC-USD) as legal tender, Reuters reported Wednesday, citing Milena Mayorga, the Central American country's ambassador to the U.S. Binance CEO Changpeng Zhao on Thursday is said to visit El Salvador and plans to meet Bitcoin (BTC-USD) activist President Nayib Bukele, Reuters noted, citing Mayorga's comments to reporters. Zhao's visit was a vote of confidence in Bukele's decision to adopt bitcoin as legal tender last year, in addition to its plan to issue bitcoin-backed bonds, Mayorga explained. Meanwhile, bitcoin (BTC-USD +1.3%) is climbing to sub $43K in early morning trading Thursday, though still down 10% YTD. Nearing the end of January, the International Monetary Fund urged El Salvador to strip bitcoin of legal tender status.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.