El Salvador’s bitcoin bonds, named “Volcano bonds,” are set for a Q1 2024 launch on Bitfinex Securities, following regulatory approval by the Digital Assets Commission (CNAD). President Bukele confirmed the news via social media, aiming to raise $1 billion for a bitcoin-backed initiative tied to renewable energy from volcanoes. This follows El Salvador’s recent move with the “Freedom VISA,” granting residency to investors in bitcoin or USDT stablecoins.
World’s First Bitcoin Bonds Receive Regulatory Approval in El Salvador
