Following the delay of its first bitcoin-backed bond issuance, El Salvador is turning to cryptocurrency exchange Binance for help on adopting Bitcoin (BTC-USD) as legal tender, Reuters reported Wednesday, citing Milena Mayorga, the Central American country's ambassador to the U.S. Binance CEO Changpeng Zhao on Thursday is said to visit El Salvador and plans to meet Bitcoin (BTC-USD) activist President Nayib Bukele, Reuters noted, citing Mayorga's comments to reporters. Zhao's visit was a vote of confidence in Bukele's decision to adopt bitcoin as legal tender last year, in addition to its plan to issue bitcoin-backed bonds, Mayorga explained. Meanwhile, bitcoin (BTC-USD +1.3%) is climbing to sub $43K in early morning trading Thursday, though still down 10% YTD. Nearing the end of January, the International Monetary Fund urged El Salvador to strip bitcoin of legal tender status.
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