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OTCbid - Bitcoin Must Be Accepted By World Bank, According To Charter



" The World Bank has poured cold water on El Salvador’s adoption of bitcoin as legal tender, saying it cannot support the move due to “environmental and transparency” concerns.

But the developmental body may soon be forced to accept bitcoin payments from countries that have embraced the cryptocurrency.


Its founding document, the 1944 Articles of Agreement, outlines the procedures and principles by which the World Bank pledges to engage with sovereign governments. A central theme in the document is its commitment to accept payments from member states in local currencies.

Section 12 of Article V defines acceptable “forms of holdings of currency” as follows:


  • The Bank shall accept from any member, in place of any part of the member's currency, paid in to the Bank under Article II, Section 7 (i), or to meet amortization payments on loans made with such currency, and not needed by the Bank in its operations, notes or similar obligations issued by the Government of the member or the depository designated by such member, which shall be non-negotiable, non-interest-bearing and payable at their par value on demand by credit to the account of the Bank in the designated depository. " - Read Full Article

Source: Forbes


150K BTC BUYER IN CANADA

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid


-10% Gross, -6% Net, L2L, Escrow2Escrow, Norton Rose Fullbright, Canada

Seller Mandates Only - OTCbid.com



NEW: 150K BTC @ -10% gross, -6% net, L2L, Escrow2Escrow, Norton Rose Fullbright Escrow, Canada - Look For Seller

(Buyer : PA SG-Tele)

Post: 19.6.21

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  • A genuine institutional Buyer in Canada is looking for 150K BTC @ -10%gross, -6% net

  • Buyer = 6%

  • Sellerside = 2% (open)

  • Buyerside = 2% (1.5% + 0.5% Ray) (closed)

  • First tranche = 5 BTC

  • Subsequent tranches = 250, 3000-5000 BTC till 150K BTC

  • Buyer will use Norton Rose Fullbright escrow ​

  • PROCEDURES:

  • Norton Rose Fullbright will show contractual agreement that client(Buyer) has deposited funds in his escrow account towards purchasing BTC as proof of POF

  • Seller can use his own escrow and also if possible insurance from his escrow, We(Buyer) will transfer funds to his(Seller) escrow covered by insurance

  • When Buyer received BTC, funds released to Seller

  • We want full insurance from law firm before transferring funds , that's should be key factor

  • Ultimately we have to transfer first in seller escrow account, seller escrow gives assurances to buyer that if btc is not transferred the money will be returned back to buyer

  • That assurances are covered by seller escrow insurance policy

  • Copy of full procedure - TBA

BUYER MANDATE ONLY

Interested parties should contact :

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