Bitcoin and Crypto bonds on the horizon as central banks collect billions of investments in the private sector

Speaking at the 2019 Spring Annual Meetings in Washington DC. The governors of the Afghan and Tunisian central banks, led by the World Bank Group and the International Monetary Fund (IMF), said they were all trying to issue the world's first sovereign bond, Bitcoin.

According to a report by Asia Times,

"Khalil Sediq, Governor of the Central Bank of Afghanistan, told Asia Times that the country is seriously considering issuing a crypto-sovereign loan that uses blockchain technology as a tool to raise some $ 5.8 billion. private investments needed by the private sector. the mining, energy and agricultural sectors of the country ".

Sediq explained how Bitcoin could allow the government to reach international markets and overcome severe restrictions on borrowing. To create a new financial instrument, the central bank is currently exploring Hyperledger's blockchain technology financial services platform. As an open source, global collaborative effort for multi-industry interprofessional technologies, Hyperledger could be a new infrastructure that would allow Aghanistan to run a corporate-level platform.

Afghanistan, one of the largest producers of lithium in the world, now has mineral reserves worth more than $ 3 trillion. A Bitcoin bond could be linked to futures on metals, such as lithium. If it was executed, the financial instrument would be the first of its kind.

The governor of the Tunisian central bank, Marouane El Abbadi, announced at the summit that a special division of the bank was exploring the pros and cons of a Bitcoin bond. According to the report,

Abbadi added that the Bitcoin and Blockchain Hyperledger technologies offer central banks an effective tool to fight against money laundering, manage remittances, fight cross-border terrorism and limit gray savings. "

Uzbekistan, the world's fifth largest cotton producer, is also reported to be studying blockchain, cryptocurrencies and issuing a Bitcoin bond that could be linked to the cotton futures market.

"Uzbekistan, which sent a high-level delegation to the IMF meeting at the World Bank to study bitcoin and blockchain, should not be counted in the race to broadcast the first Bitcoin sovereign obligation, said the Uzbek ambbadador to the United States, Javlon Vakhabov delegates. "

Speaking at the spring meeting last Wednesday, IMF head Christine Lagarde stressed that cryptocurrencies "upset the system".

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