English | دری

Afghanistan Considers Issuing Bitcoin Bond

in Afghan Business

Afghanistan Considers Issuing Bitcoin Bond

Afghanistan expressed desires to issue Bitcoin bonds at the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund (IMF), held in Washington, D.C. on April 14-18.

According to Asia Times, Governor of the Central Bank of Afghanistan Khail Sediq said Afghanistan was keen in issuing a sovereign crypto bond that uses blockchain technology as an instrument to raise some US$5.8 billion in needed private-sector investment for the country’s critical mining, energy and agriculture sectors.

Sediq said a crypto issuance could open new ways to access international markets through the hyperledger’s blockchain technology financial services platform.

He added that Bitcoin could be coupled with Afghanistan’s lithium, a high-demanded mineral in the market but in short-supply. Afghanistan is set to become one of the world’s largest miners of lithium.

Tunisia and Uzbekistan are also seeking IMF approval to issue Bitcoin bonds.

These three countries’ requests may not gain much support from the IMF as the entity had previously expressed caution regarding digital assets.

However, earlier in March, IMF Managing Director Christine Lagarde noted for a move into the sector with supervised testing as an initial potential starting point.


Tags assigned to this article:
Afghanistan bitcoinIMF

Related Articles

Iran Assures Recent Tensions with US Will Not Affect Chabahar Port Project

The Iranian Ambassador to India, Dr. Ali Chegeni, has assured that the recent political tension between Iran and the US

1,000 tons of onion exported to India from Afghanistan daily

Afghanistan exports 1,000 tons of onion to India on a daily basis which has resulted in an unprecedented decline of

Afghan national electricity company to launch monthly billing system

Da Afghanistan Breshna Sherkat (DABS), Afghanistan’s national electricity company, plans to launch  monthly billing system. DABS officials said the company

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*