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El Salvador’s long-anticipated Bitcoin bonds, also called “Volcano Bonds” have acquired the regulatory nod, and are anticipated to launch early 2024.
The Volcano Bond was accepted by El Salvador’s Digital Property Fee and is anticipated to launch throughout the first quarter of 2024, in response to a Dec. 11 assertion from The Nationwide Bitcoin Workplace (ONBTC) of El Salvador.
BREAKING NEWS
The Volcano Bond has simply acquired regulatory approval from the Digital Property Fee (CNAD).
We anticipate the bond will probably be issued throughout the first quarter of 2024.
That is just the start for brand spanking new capital markets on #Bitcoin in El Salvador.
— The Bitcoin Workplace (@bitcoinofficesv) December 12, 2023
The nation’s pro-Bitcoin chief Nayib Bukele additionally seemingly confirmed the information in a publish of his personal, captioned: “Wen volcano bond.”
Wen volcano bond?
— Nayib Bukele (@nayibbukele) December 12, 2023
El Salvador first handed the landmark laws offering the authorized framework for the Bitcoin-backed bond on Jan. 11. The Volcano Bond is meant to pay down sovereign debt and fund the development of the nation’s proposed “Bitcoin Metropolis.”
El Salvador not too long ago launched a Bitcoin mining challenge, value $1 billion, which can faucet into the nation’s volcanic sources by way of a partnership with Luxor Know-how.
We discovered the Volcano Bonds. Shall be out there quickly!!! pic.twitter.com/cUxfhhoCRn
— Bitcoin Seaside (@Bitcoinbeach) December 12, 2023
It is a growing story, and additional info will probably be added because it turns into out there.
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