Bitcoin national bonds! Three countries expressed their interest in issuing sovereign bitcoin bonds to raise funds
According to reports, at least three governments have officially recognized the interest in issuing sovereign bitcoin bonds to raise funds . For Bitcoin, this can be said to have risen to the national level of recognition, if it is implemented, it will certainly make the mainstream recognition of Bitcoin a big step.
Image source: 1tu
Afghanistan, Tunisia, Uzbekistan and Bitcoin
The Asia Times quoted the latest statement from the World Bank and the International Monetary Fund (IMF) Spring Meeting in Washington this week, which was the first to report this trend.
Afghanistan, Tunisia and Uzbekistan are currently considering the possibility of issuing bitcoin bonds , all of which are interested in the potential of such tools to help important economic sectors.
For Afghanistan, bonds can be linked to precious metals, especially the $3 trillion lithium industry in the country. Despite the international shortage of lithium, Afghanistan plans to expand the industry but lacks funds, but due to international restrictions, the country is still being squeezed in terms of lending.
The Asia Times quoted Afghan central bank governor Khalil Sediq as saying that the answer to the funding problem lies in encryption solutions such as the super-books Fabric.
He claims that
This “may offer a way to enter the international market through an unprecedented accounting tool for financial services through the blockchain technology financial services platform of Superbooks.”
The newly appointed Tunisian central bank governor Marouane El Abassi is equally optimistic about the concept. Abbas, known for his progress on technologies such as blockchain, said that a special working group of the bank is already studying the feasibility of issuing bitcoin bonds.
He pointed out that the blockchain technology of Bitcoin and superbooks provides central banks with an effective tool to combat money laundering, manage remittances, combat cross-border terrorism and limit the gray economy.
Like many other countries, Tunisia is also considering issuing a digital version of its legal currency.
IMF remains cautious
Uzbekistan’s ambassador to the United States, Javlon Vakhabov, said at the spring meeting that Uzbekistan’s bitcoin bonds could eventually be linked to cotton futures .
However, the IMF's evaluation of these methods may be mixed. Earlier this month, IMF Managing Director Christine Lagarde reiterated his call for cautious assets, saying that the first step is best to conduct a surveillance test.
She concluded in a blog post:
“One approach taken by the Hong Kong SAR, Abu Dhabi and elsewhere is to establish a regulatory 'sandbox' where new financial technologies can be tested in a tightly regulated environment.”
“The most important thing is that we must remain open to crypto assets and financial technology at a broader level, not only because of the risks they pose, but also because they improve the potential of our lives.”
It is worth noting that Lagarde compared the emergence of early cryptocurrencies and related financial technologies to the emergence of telephones and their initial reception functions.