El Salvador Postponed Its Bitcoin Bond Plans

El Salvador postponed its Bitcoin bond plans. The Bitcoin bond plan was delayed due to adverse market conditions.

El Salvador, which has often found itself in the crypto agenda with the declaration of Bitcoin (BTC) as a legal tender, has also been talked about with Bitcoin bond plans recently. Finally, El Salvador's Finance Minister Alejandro Zelaya said that the Bitcoin-backed bond plan could be delayed until September. Zelaya, who participated in the Salvadoran TV broadcast, said that the delay occurred "because the government decided to wait for favorable conditions in the financial market." El Salvador's Finance Minister, Alejandro Zelaya, announced on the El Salvador television program that El Salvador's planned $1 billion Bitcoin bond plan was delayed due to adverse market conditions. El Salvador's Finance Minister, Alejandro Zelaya, said in an interview that the ideal date for launch is the first half of the year. According to Minister Zelaya, now is not a good time to issue bonds. In addition, Minister Zelaya stated the following on the subject: "Market variables are slightly different in May or June. By September at the latest. It is difficult to raise capital if you go international after September." El Salvador also stated that it may delay this initiative, which it planned to launch its Bitcoin-backed bonds between March 15-20, due to the invasion of Ukraine.