Nayib Bukele – the president of El Salvador – moved to Twitter account thereof on Wednesday, shattering a report from Reuters that asserts that CZ (Changpeng Zhao) – the CEO of Binance – was headed towards El Salvador to save its Bitcoin Bond. Bukele noted in his Twitter post to his 3.6M followers that they should not disseminate the FUD of Reuters, criticizing the assertion that CZ was taking a flight to El Salvador to help following the bond offering of $1B, that was initially planned for March’s mid, was delayed till September.
Salvadoran president was reacting to a tweet on Bitcoin Magazine-based news which has presently been eliminated. Bukele added that he was a fan of the respective magazine and the news being published by them is false as the release of BTC-based Volcano Bonds will be carried out in association with Bitfinex. While further elaborating the reason behind the postponement of the release, he mentioned that they were firstly dealing with the internal pension enhancement which would have to be sent to congress before the issuance.
The president revealed that the delay in the respective bond offering occurred basically because of the legislative procrastination witnessed in Congress and the meeting of Bukele with CZ does not have anything to do with the bond offering but some other subjects were being discussed among the duo.
Bitfinex is the company responsible to issue the bond and the CTO thereof – Paolo Ardoino – came to the Salvadoran president and disclosed that there was still a requirement for approval from Congress for the release of the bond which is being delayed due to some laws. The tweet also joined by Blockstream’s former chief strategy officer – Samson Mow – who is additionally a collaborator of El Salvador in the launch of the bond, stated that no change has yet been seen in this respect.
Previously this week, Alejandro Zelaya (the Finance Minister of El Salvador) pointed out that the bond of $1B, firstly planned for March’s mid, would experience some delay until the coming September, referring to the geopolitical instability being the core cause at the back of the delay.
Three hours following the denial of the report from Reuters, Bukele again turned towards Twitter and complained regarding the government of the United States, answering to a suggested bill that pursues to lower the exposure of the citizens to the financial system of El Salvador after the BTC adoption thereof.