Government Bonds on Crypto Assets Gets Traction as Afghanistani, Tunisian Central Banks Looks to Issue Bitcoin Bonds

On April 17, Asia Times reports – Tunisia and Afghanistan’s central banks are considering to issue a bitcoin bond.

Between April 8 and 14, discussions were held between the governors of the aforementioned institutions at the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund in Washington.

As per the report, Khalil Sediq – Governor of Afghanistan’s central bank told Asia Times that the institution is looking to issue a sovereign crypto bond to raise $5.8 billion.

Funds will be allocated for private-sector investment in:

  • Mining
  • Energy
  • Agriculture

On the other hand, Governor of Tunisia’s central bank and former World Bank official, Marouane El Abassi, praised this new distributed ledger technology and said that this tool will help central banks to combat money laundering, fight terror funding and limit grey economies. Abassi also claimed that the country was one of the first to implement a transparent digital payments system and issue a digital currency.

Leave a Reply

Your e-mail address will not be published. Required fields are marked *