El Salvador Will Not Abandon BTC Despite Calls from IMF and World Bank

El Salvador’s Finance Minister Alejandro Celaya has said in an interview with Bloomberg that in spite of calls from the IMF and the World Bank, the country will not abandon BTC. According to him, the use of virtual currency is growing in the country.

Thanks to the legalization of BTC, the government was able to attract investment in the economy and make the country more attractive for tourists. In the coming years, we will see how Bitcoin gains a foothold in the Salvadoran financial system, he has said.

According to Celaya, as soon as it becomes possible, the government will issue BTC bonds for $1 billion. The decision to shift the timing of the issue of securities was made in the spring due to global uncertainty.