On Tuesday, August 30, Bitfinex and Tether CTO Paolo Ardoino recently said that there will be a further delay in the launch of El Salvador’s Bitcoin bond.
Ever since El Salvador made Bitcoin a legal tender last year, the country has been working on its Bitcoin bonds. However, the launch had been delayed in multiple instances in the past and there could be further delays ahead as well! Earlier in March 2022, the Latin American country delayed the launch citing unfavorable market conditions.
However, they have no clear timeline even further. Some market experts believe that there’s not enough investor interest while others have started doubting whether it shall ever pass.
Bitfinex is currently the sole exchange provider for El Salvador’s Bitcoin Bond. Earlier in Mary, Bitfinex’s Ardoino said that he was waiting for the Latin American country to pass its digital securities bill. This would clear the way for Bitfinex to emerge as the technology provider of the bonds.
Back then, Ardoino had predicted that the token would launch by mid-September. Although the deadline is approaching closer, the bill is far from finalization.
