2 years ago
It was astir clip that Binance ’s CEO, Changpeng Zhao, visited El Salvador. His institution is the biggest cryptocurrency speech successful the satellite and El Salvador is the archetypal state to follow bitcoin arsenic ineligible tender, wherefore did this instrumentality truthful long? According to the Secretariat of Communications of the Presidency of the Republic of El Salvador, Binance’s CEO is visiting the state “along with different entrepreneurs, who are funny successful knowing the concern possibilities.”
Hoy llegó a El Salvador el CEO y fundador de @BinanceES, Changpeng Zhao (@cz_binance), junto a otros empresarios, quienes están interesados en conocer las posibilidades de inversión, en el primer país del mundo que adoptó el #Bitcoin como moneda de curso legal. 🇸🇻 pic.twitter.com/XBYVwyZ8Dd
— Secretaría de Comunicaciones 🇸🇻 (@ComunicacionSV) March 23, 2022
What volition Changpeng Zhao conscionable President Bukele about? Reuters caused rather the commotion erstwhile they tried to guess.
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What Did Reuters Say About Binance ’s CEO Visit To El Salvador?
As acold arsenic Reuters is concerned, CZ is visiting El Salvador to assistance them with the issuance of the volcano bonds. They virtually said:
“El Salvador is seeking enactment from cryptocurrency speech Binance for its implementation of bitcoin arsenic ineligible tender and the issuance of bitcoin bonds, the Central American country’s ambassador to the United States said connected Wednesday.”
Is that what he’s present about, though? In the closest root we found, EFE quotes Mayorga telling “local media,” “We request businessmen his stature to enactment the contented of subscription to the volcano bonds.” In the ambassador’s Twitter account, Milena Mayorga welcomes Changpeng Zhao, CEO of Binance, “with the largest cryptocurrency wallet successful the world.” Don’t ask.
Hemos dado la bienvenida a Changpeng Zhao @cz_binance, CEO de @binance, con la wallet de criptodivisas más grande del mundo.#LibertadEconómica #Bitcoin🇸🇻 pic.twitter.com/PBExfF2Lwc
— Milena Mayorga (@MilenaMayorga) March 23, 2022
According to Reuters, “Mayorga said Zhao’s sojourn was a ballot of assurance successful Bukele’s determination to follow bitcoin arsenic ineligible tender past September, arsenic good arsenic its program to contented bitcoin-backed bonds.” According to her ain tweets, they discussed, “strategic projects specified arsenic Bitcoin City, Surf City among others, was what we shared with the delegation of investors from Binance and companies.”
Proyectos estratégicos como #BitcoinCity, #SurfCity entre otros, fue lo que compartimos a la delegación de inversionistas de @binance y empresas que nos acompañan en esta 13 misión de negocios. pic.twitter.com/l6TOJNklAm
— Milena Mayorga (@MilenaMayorga) March 24, 2022
Who’s That Dark Figure Behind Binance ’s CEO?
The sojourn of 1 of the large businessmen of our clip is astir apt a affirmative for El Salvador. However, who’s that down him? Could it be…? A pseudonymous Twitter idiosyncratic provides the indispensable blown up pictures:
— mutatrum (@mutatrum) March 23, 2022
That’s right, notorious lurker Brock Pierce. Of course, helium is 1 of the “other entrepreneurs.” If you squint, you tin besides spot him successful 1 of Milena Mayorga’s pictures. Let’s retrieve what our sister tract Bitcoinist reported the archetypal clip that the EOS creator lied his mode into the Presidential Palace:
“Something is rotten successful the authorities of El Salvador. The archetypal federation to declare BTC arsenic ineligible tender received nary different than the infamous Brock Pierce. An “Official Delegation of Bitcoin Ambassadors” reportedly met with President Bukele and different authorities officials. However, is determination specified happening arsenic an “official delegation” of a decentralized protocol? No, determination isn’t. And the full Bitcoin assemblage is up successful arms astir the situation.”
And conscionable similar that, Brock Pierce is backmost successful San Salvador. Who would’ve thought?
President Bukele Responds To The Rumors
In a since-deleted tweet, Bitcoin Magazine echoed Reuters’ instrumentality connected the quality of Binance CEO’s sojourn to El Salvador. President Bukele asked them to “please don’t dispersed Reuters FUD. The Bitcoin Volcano Bonds volition beryllium issued with Bitfinex. The abbreviated hold successful the issuance is lone due to the fact that we are prioritizing interior pension betterment and we person to nonstop that to legislature before.”
I’m gathering with @cz_binance time to sermon OTHER issues, not the Volcano Bonds 🌋
Unless helium wants to bargain some, of people 😉#Bitcoin fixes FUD!
— Nayib Bukele (@nayibbukele) March 23, 2022
To that, President Bukele added “I’m gathering with Changpeng Zhao time to sermon OTHER issues, not the Volcano Bonds. Unless helium wants to bargain some, of course.” And Binance CEO responded, “Looking guardant to it. Plenty to discuss.” And, to beryllium fair, Reuters besides said that “Zhao praised El Salvador for taking connected a pioneering relation successful the adoption of bitcoin and said Bukele’s presidency would beryllium remembered successful “heroic” presumption for its bold stake connected the future.”
Related Reading | Binance’s CZ Explains Why Banning Crypto Ads Won’t Affect Demand
Is Binance CEO’s sojourn to El Salvador priced in? Will the BTC terms determination due to the fact that of it? What astir BNB? Will Binance marque moves successful El Salvador? Does the marketplace attraction astir this historical visit? The adjacent fewer days volition reply each of those questions.
Featured Image: Changpeng Zhao successful El Salvador, screenshot from this video | Charts by TradingView
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