El Salvador’s President Meets Binance CEO to Discuss Bitcoin Adoption

2 years ago

Quick take:

  • President Nayib Bukele met with Binance CEO, Changpeng Zhao
  • Bitcoin was a cardinal taxable astatine the meeting
  • The 2 besides discussed the value of crypto regulation, crypto adoption and an summation successful blockchain education
  • CZ had earlier met the President of Uruguay, Luis Lacalle Pou

Earlier today, the President of El Salvador, Nayib Bukele, met the CEO of Binance, Changpeng Zhao, to sermon respective topics revolving astir Bitcoin, cryptocurrencies and blockchain technology.

According to the squad astatine Binance, President Bukele and CZ ‘enjoyed a wide-ranging speech connected the value of crypto regulation, increasing crypto adoption and the request to summation blockchain acquisition astir the world’.

President Bukele went connected to Tweet the pursuing pictures of the gathering with CZ.

👀 pic.twitter.com/Wu05sYAnSQ

— Nayib Bukele (@nayibbukele) March 25, 2022

President Bukele and CZ Discuss Bitcoin

The gathering betwixt President Bukele and CZ was besides pivotal successful that they also discussed El Salvador’s assorted concern plans for Bitcoin successful the country.

CZ is quoted arsenic pointing retired that President Bukele was ‘a leader’. CZ besides expressed ‘interest successful learning astir strategical projects of the El Salvador government’.

CZ Meets the President of Uruguay Luis Lacalle Pou

Before his travel to El Salvador, CZ had met the President of Uruguay, Luis Lacalle Pou, and went connected to tweet the pursuing representation and statement of the meeting.

Had the pleasance of gathering President @LuisLacallePou of Uruguay a fewer days ago. Strong, assured and precise chill. I gave him my card, and helium conscionable held it similar that. 🙏 Discussed precocious level blockchain, economy, etc. No specifics, nary endorsements. pic.twitter.com/hiqv2oqBtY

— CZ 🔶 Binance (@cz_binance) March 24, 2022

El Salvador Postpones Bitcoin Bond Issue

CZ’s sojourn to El Salvador comes little than 48 hours aft the country’s Bitcoin bond was postponed.

El Salvador’s Finance Minister, Alejandro Zelaya, explained that the authorities had decided to hold for favorable conditions successful the fiscal marketplace successful bid to contented the bond. He besides gave a September deadline. He said:

In May oregon June the marketplace variants are a small different. At the latest successful September. After September, if you spell retired to the planetary market, it is hard (to rise capital).

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