The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital securities is still not ready.
El Salvador to Delay Bitcoin Bonds Launch
The launch of the iconic bitcoin bonds of El Salvador, which will serve to fund the construction of the Bitcoin City announced last year, will be further delayed, according to reports coming from Paolo Ardoino, CTO at Bitfinex. In a recent interview offered to Fortune, Ardoino stated that the law framework that would support this issuance was still not ready. However, Ardoino made a prediction on the launch date of the bonds. He declared:If the law passes by September, I would expect it to reasonably take two to three months to have everything else rolled out.The bond token was reported to be issued first in the Bitfinex exchange, using the Liquid network, managed by Blockstream, as the platform for its distribution.
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