El Salvador’s President Meets Binance CEO to Discuss Bitcoin Adoption

Quick take:

President Nayib Bukele met with Binance CEO, Changpeng Zhao
Bitcoin was a key topic at the meeting
The two also discussed the importance of crypto regulation, crypto adoption and an increase in blockchain education
CZ had earlier met the President of Uruguay, Luis Lacalle Pou

Earlier today, the President of El Salvador, Nayib Bukele, met the CEO of Binance, Changpeng Zhao, to discuss several topics revolving around Bitcoin, cryptocurrencies and blockchain technology.

According to the team at Binance, President Bukele and CZ ‘enjoyed a wide-ranging conversation on the importance of crypto regulation, growing crypto adoption and the need to increase blockchain education around the world’.

President Bukele went on to Tweet the following pictures of the meeting with CZ.

👀 pic.twitter.com/Wu05sYAnSQ

— Nayib Bukele (@nayibbukele) March 25, 2022

President Bukele and CZ Discuss Bitcoin

The meeting between President Bukele and CZ was also pivotal in that they also discussed El Salvador’s various investment plans for Bitcoin in the country.

CZ is quoted as pointing out that President Bukele was ‘a leader’. CZ also expressed ‘interest in learning about strategic projects of the El Salvador government’.

CZ Meets the President of Uruguay Luis Lacalle Pou

Before his trip to El Salvador, CZ had met the President of Uruguay, Luis Lacalle Pou, and went on to tweet the following picture and description of the meeting.

Had the pleasure of meeting President @LuisLacallePou of Uruguay a few days ago. Strong, confident and very chill. I gave him my card, and he just held it like that. 🙏 Discussed high level blockchain, economy, etc. No specifics, no endorsements. pic.twitter.com/hiqv2oqBtY

— CZ 🔶 Binance (@cz_binance) March 24, 2022

El Salvador Postpones Bitcoin Bond Issue

CZ’s visit to El Salvador comes less than 48 hours after the country’s Bitcoin bond was postponed.

El Salvador’s Finance Minister, Alejandro Zelaya, explained that the government had decided to wait for favorable conditions in the financial market in order to issue the bond. He also gave a September deadline. He said:

In May or June the market variants are a little different. At the latest in September. After September, if you go out to the international market, it is difficult (to raise capital).