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Dec 12, 2023

El Salvador's "Volcano Bonds" Approved, Q1 2024 Launch

El Salvador's Digital Assets Commission greenlights the long-anticipated Bitcoin bonds.

Regulatory Nod

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The National Bitcoin Office announces the Volcano Bond is set to debut in Q1 2024.

Launch Date

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President Nayib Bukele confirms the news, hinting at the country's pro-Bitcoin stance.

Presidential Confirmation

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Landmark legislation passed on Jan. 11 provides the legal framework for the Bitcoin-backed bond.

Legislative Milestone

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The bond will be issued on the Bitfinex Securities Platform, marking a new era for Bitcoin-based capital markets in the country.

Image Credit: CoinDesk

Bitfinex Platform

Volcano Bonds aim to pay down sovereign debt and fund the construction of El Salvador's "Bitcoin City."

Economic Goals

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Recently launched $1 billion Bitcoin mining project harnesses volcanic resources, signaling a strategic move in the crypto space.

Mining Project

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