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Dec 12, 2023
El Salvador's Digital Assets Commission greenlights the long-anticipated Bitcoin bonds.
Image Credit: Crypto News
The National Bitcoin Office announces the Volcano Bond is set to debut in Q1 2024.
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President Nayib Bukele confirms the news, hinting at the country's pro-Bitcoin stance.
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Landmark legislation passed on Jan. 11 provides the legal framework for the Bitcoin-backed bond.
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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
Volcano Bonds aim to pay down sovereign debt and fund the construction of El Salvador's "Bitcoin City."
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Recently launched $1 billion Bitcoin mining project harnesses volcanic resources, signaling a strategic move in the crypto space.
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