El Salvador Receives Regulatory Approval for World’s First Bitcoin Bonds

El Salvador Receives Regulatory Approval for World’s First Bitcoin Bonds

El Salvador Receives Regulatory Approval , for World’s First Bitcoin Bonds.

El Salvador's National Bitcoin Office made the announcement via X on Dec.

12, CoinDesk reports.

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The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD).

We anticipate the bond will be issued during the first quarter of 2024, El Salvador’s National Bitcoin Office, via X.

This is just the beginning for new capital markets on #Bitcoin in El Salvador, El Salvador’s National Bitcoin Office, via X.

The bonds were announced in 2021 after President Nayib Bukele signed a law making bitcoin legal tender in El Salvador.

The bonds were announced in 2021 after President Nayib Bukele signed a law making bitcoin legal tender in El Salvador.

Bitfinex Securities will offer the bonds, CoinDesk reports.

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When President Bukele first announced the bonds, his goal was to use them to raise $1 billion... .

... and create a bitcoin mining industry that only uses renewable energy, including that which is created by active volcanoes in the country.

... and create a bitcoin mining industry that only uses renewable energy, including that which is created by active volcanoes in the country.

62 legislators voted on the digital assets bill on Dec.

12.

Only 16 were opposed to the measure.

Meanwhile, El Salvador launched the "Freedom VISA" program that grants residency to up to 1,000 people each year who invest a minimum of "$1 million worth of bitcoin or tether (USDT) stablecoins," CoinDesk reports.