{"id":323144,"date":"2022-03-12T12:08:36","date_gmt":"2022-03-12T17:08:36","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=323144"},"modified":"2022-03-12T12:08:36","modified_gmt":"2022-03-12T17:08:36","slug":"el-salvador-to-delay-the-launch-of-a-bitcoin-backed-bond","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/el-salvador-to-delay-the-launch-of-a-bitcoin-backed-bond","title":{"rendered":"El Salvador to delay the launch of a Bitcoin-backed bond"},"content":{"rendered":"
El Salvador has announced plans to release a Bitcoin-backed bond. The Salvadoran government has stated that the issuance of the bond will be suspended due to the Russia-Ukraine crisis.<\/p>\n
El Salvador’s president. Nayib Bukele stated that the country would issue this bond to fund a “Bitcoin City.” Moreover, the Bitcoin bond would also support the additional purchases of Bitcoin.<\/p>\n
The Russia-Ukraine crisis has dealt a major blow to the financial sector, including the crypto market. The prices of Bitcoin and other cryptocurrencies have plummeted since the beginning of the year.<\/p>\n