Bukele Meets Binance's CZ to Discuss NOT the Bitcoin Bonds

by in Cryptocurrency News

Bukele Changpeng Zhao meeting

El Salvador’s president Nayib Bukele met Binance founder and CEO Changpeng Zhao (CZ), Mexican billionaire businessman Ricardo Pliego, and other entrepreneurs.

Related: El Salvador Postpones the Launch of BTC Bonds

Previously, an article by Reuters said the Salvadoran government plans to turn to Binance for its execution of Bitcoin as legal tender and the release of BTC bonds. However, the information turned out not to be correct as Bukele said that was FUD and told not to spread it. He stated that bonds will be issued with another large crypto exchange, Bitfinex.

The launch of $1 bln bonds set to launch between March 15-20 was delayed because the current market state is unfavorable. Bukele says the short delay happened as El Salvador prioritizes pension reform and they will send that to lawmakers earlier.

Bukele wrote he and Binance executive would talk about other subjects, adding “unless he wants to buy some”. CZ replied to the tweet, saying they had plenty to discuss.

The El Salvadorian pro-Bitcoin president finds that BTC can be the key to financial freedom. Although it isn’t known much about his meeting with CZ, the conversation between the two seems to be promising.

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Meanwhile, Bitcoin price increased by 8.5% in the last 7 days. Currently, the coin trades at above $44,000 with a market cap over $835 billion.