El Salvador’s Bitcoin ‘Volcano Bonds’ Permitted, Set To Launch in Early 2024
El Salvador’s extremely anticipated Bitcoin bonds, often known as “Volcano Bonds,” have acquired regulatory approval and are scheduled to launch within the first quarter of 2024.
El Salvador made historical past earlier this yr when it handed laws establishing the authorized framework for the Bitcoin-backed bond on January 11. The Volcano Bond goals to deal with sovereign debt obligations and finance the event of El Salvador’s proposed “Bitcoin Metropolis.”
In keeping with ONBTC, the bond might be issued on the Bitfinex Securities Platform, which is a registered buying and selling website for blockchain-based equities and bonds in El Salvador.
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