El Salvador Turns To Crypto Exchange Binance For Help On Bitcoin Adoption

INSUBCONTINENT EXCLUSIVE:
El Salvador's adoption of bitcoin has been beset by public skepticism about the cryptocurrency.San Salvador: El Salvador is seeking support
from cryptocurrency exchange Binance for its implementation of bitcoin as legal tender and the issuance of bitcoin bonds, the Central
American country's ambassador to the United States said on Wednesday.Binance Chief Executive Officer Changpeng Zhao is visiting El Salvador
and plans to meet President Nayib Bukele on Thursday, ambassador Milena Mayorga told reporters.Mayorga said Zhao's visit was a vote of
confidence in Bukele's decision to adopt bitcoin as legal tender last September, as well as its plan to issue bitcoin-backed bonds.Zhao
praised El Salvador for taking on a pioneering role in the adoption of bitcoin and said Bukele's presidency would be remembered in "heroic"
terms for its bold bet on the future.The country's adoption of bitcoin has been beset by public skepticism about the cryptocurrency, which
has depreciated substantially since hitting a record high in early November.On Tuesday, the government said it was delaying its planned
issuance of bitcoin bonds.