Afghan and Tunisian Central Banks Weigh Bitcoin Bonds

May 2, 2019

The central banks of Afghanistan and Tunisia are considering the issuance of a Bitcoin bond to raise US$5.8 billion. The governors of the two central banks spoke at the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF) in Washington, D.C., between April 8th and 14th.

According to Cointelegraph, the proposed sovereign crypto bond would be used for private sector investment, specifically in mining, energy, and agriculture. Khalil Sediq, Afghanistan’s central bank governor, reportedly mentioned metal futures, such as lithium, and noted that the country’s mineral reserves are estimated to be worth over US$3 trillion.

Meanwhile, Marouane El Abassi, governor of Tunisia’s central bank and former World Bank official, was reported to have declared that the institution is studying the issuance of a Bitcoin bond. The report said Abassi also claimed that Tunisia was among the first countries to issue a digital currency and already implemented payments through a digital system.

Abassi was said to have praised Bitcoin, blockchain technology, and Hyperledger as tools for the central banks to combat money laundering while managing remittances, fighting terrorism, and limiting grey economies. For his part, Uzbek Ambassador Javlon Vakhabov said the Central Asian nation did not rule out the development of a Bitcoin bond.

In September 2018, Austria’s government launched €1.15 billion (US$1.35 billion) of government bonds on the Ethereum public blockchain.  Recently, in March of this year, Germany’s finance and justice ministries proposed launching a state-run register to increase the adoption of blockchain for electronic bonds.

Source: cointelegraph.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Facebook Decides not to Offer Libra in India
Facebook has decided not to launch its Libra token in India due to regulatory pressure from the Indi...

July 20, 2019

Malaysian Blockchain-based Exchange Leads Digital Transformation
Fusang Exchange has been granted approval by the Securities Exchange to operate in Malaysia’s specia...

July 20, 2019

HSBC Blockchain Link-Up Platform Saves 40% of Transaction Time
A shipment between Hong Kong and Dubai involving two separate blockchain platforms was able to succe...

July 20, 2019

LG Applies Blockchain Platform to School Lunch Programs
An LG subsidiary has announced plans to develop a blockchain-based platform for the distribution of ...

July 19, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us