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

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