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

President Bukele and CZ Discuss Bitcoin

The meeting between President Bukele and CZ was also pivotal in that they also discussed El Salvador’s various investment plans for Bitcoin in the country.

CZ is quoted as pointing out that President Bukele was ‘a leader’. CZ also expressed ‘interest in learning about strategic projects of the El Salvador government’.

CZ Meets the President of Uruguay Luis Lacalle Pou

Before his trip to El Salvador, CZ had met the President of Uruguay, Luis Lacalle Pou, and went on to tweet the following picture and description of the meeting.

Had the pleasure of meeting President @LuisLacallePou of Uruguay a few days ago. Strong, confident and very chill. I gave him my card, and he just held it like that. ? Discussed high level blockchain, economy, etc. No specifics, no endorsements. pic.twitter.com/hiqv2oqBtY

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

El Salvador Postpones Bitcoin Bond Issue

CZ’s visit to El Salvador comes less than 48 hours after the country’s Bitcoin bond was postponed.

El Salvador’s Finance Minister, Alejandro Zelaya, explained that the government had decided to wait for favorable conditions in the financial market in order to issue the bond. He also gave a September deadline. He said:

In May or June the market variants are a little different. At the latest in September. After September, if you go out to the international market, it is difficult (to raise capital).

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