Bitcoin News

Breaking: El Salvador Announces Bitcoin Volcano Bonds Issuance Date

El Salvador regulators have granted permission for issuance of the widely anticipated Bitcoin Volcano Bonds very soon.
Published by
Breaking: El Salvador Announces Bitcoin Volcano Bonds Issuance Date

Putting an end to the wait for the widely anticipated Bitcoin Volcano Bonds, El Salvador’s regulators have granted permission for issuance of the bonds in early 2024.

Also Read: US Senator Elizabeth Warren Targets Crypto in New Regulatory Bill

Advertisement

Advertisement

Date Set For Bitcoin Bonds Issue

Stacking up on its Bitcoin-friendly reputation, the El Salvador government is continuing to provide approvals for crypto related businesses. In a latest, El Salvador’s Bitcoin Volcano Bonds are set to be officially released in the first quarter of 2024. According to reports, the Digital Assets Commission (CNAD) gave regulatory approval for the Volcano Bond. The CNAD is a government agency that looks after the regulation and supervision of the digital assets ecosystem in El Salvador.

The country’s president Nayib Bukele tweeted,

It remains to be seen if the Bonds have a uniform timeframe like one year or would be available for trade just like any other cryptocurrencies. The Latin American country first floated the idea of Bitcoin Volcano Bonds in early 2024, when CoinGape reported that the country’s administration envisions a dream to build the Bitcoin City. At the time, it was reported that a crypto exchange would issue the ‘Volcano’ tokens, which are originally bonds issued through blockchain.

What Are Bitcoin Volcano Bonds

Ever since making Bitcoin legal tender, El Salvador took an aggressive approach aiming at leveraging Bitcoin volatility. The administration had originally planned to raise around $1 billion via the Volcano bonds, half of which would go towards building the tax-free Bitcoin City and the other half for investing in BTC.

In a latest, president Bukele unveiled a new residency program aimed at high net worth individuals, which offers citizenship to those who can bring in substantial investments in BTC or the USDT stablecoin. This is a citizenship by investment initiative called as the “El Salvador Freedom Visa Program” that offers citizenship to a maximum of 1,000 people.

Also Read: Coinbase Announces SEAM Token Listing and Airdrop

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025
  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025
  • 24/7 Cryptocurrency News

Hashdex Adds Cardano to Crypto Index Fund as ADA Gains SEC Listing Eligibility

Asset manager Hashdex has officially included Cardano in its Nasdaq Crypto Index U.S. ETF. This…

October 1, 2025