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It is being reported by Bitcoinist that the governments of Aghanistan, Tunisia and Uzbekistan are all exploring the possibility of issuing Bitcoin bonds in their respective nations, in the hopes it will help their economies.
Recently, the Spring Meetings were held in Washington DC for the World Bank and International Monetary Fund (IMF). During these meetings, all three governments admitted interest in issuing some form of Bitcoin bond in order to help certain critical sectors of the economy.
Afghanistan, for example, could tie the bonds to precious metals, specifically lithium. Due to international restrictions, Afghanistan cannot borrow against its metals as easily as they would like. However, Central Bank of Afghanistan governor Khalil Sediq points out that with blockchain technology, in this case referencing Hyperledger, the nation could "offer a way to access international markets via a first-of-its-kind financial instrument made possible with hyperledger’s blockchain technology financial services platform."
Tunisia is more focused on the tools offered by blockchain to fight money laundering and funding of terrorism, though they are also interested in Bitcoin bonds for the country. They are also exploring offering a digital version of their fiat currency.
Lastly Uzbekistan, whose US Ambassador Javlon Vakhabov confirmed at the meetings that the nation is itself exploring a form of Bitcoin bond. This one, he says, would be tied to cotton futures.
It is unclear how quickly these nations aim to offer such bonds, but the IMF has, as of late, been vocal about its concern with cryptocurrencies, and has called for caution moving forward.
Will these nations get approval for Bitcoin bonds? Is this a major step forward for adoption? Stick with Chepicap for any and all updates!
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