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by runeks
2701 days ago
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Iran can easily issue BTC- or ETH-denominated bonds. Why would a free market buy bonds denominated in some newly created currency? Smells like the issuer just wants to be able to devalue this currency in order to pay the interest. In the end, the reason reasonable investors won't buy 30% BTC-denominated Iranian govt. bonds is that Iran will have to exchange the ETH/BTC earned from selling the bond (because whoever Iran wants to pay don't accept ETH/BTC), which exposes the investment to a huge exchange rate risk. |
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