El Salvador’s Finance Minister: Bitcoin Bonds Will Be Issued as Early as March 15

Time:2022-02-10 01:30 Source:Internet Copy share

El Salvador’s initial $1 billion bitcoin bond offering will take place between March 15 and March 20, El Salvador’s Finance Minister Alejandro Zelaya said on Tuesday. The bond, which will be launched on Liquid, a Bitcoin-based service created by Blockstream, will carry a 6.5 percent coupon, Zelaya said on El Salvadoran TV show "Frente a Frente." Using Liquid will allow investors to participate in trades for as little as $100, Zelaya said. "Bonds will comply with all financial market regulations," he added, "all KYC requirements will be met, all due diligence will be done.

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