El Salvador Nears Launch of Bitcoin Bonds

El Salvador Nears Launch of Bitcoin Bonds



El Salvador is getting closer to launching its long-awaited Bitcoin bonds, slated for early 2024, following recent regulatory approval. This update was shared by the country’s National Bitcoin Office on Tuesday.



These bonds will be available on Bitfinex Securities, a division of the crypto exchange Bitfinex.



The National Bitcoin Office announced, “The Volcano Bond has just been greenlit by the Digital Assets Commission (CNAD). We’re looking at a release in the first quarter of 2024.”



President Nayib Bukele also seemed to confirm this news, hinting at the bond's imminent launch in an early Tuesday post and sharing multiple messages indicating a Q1 2024 release.



Termed “Volcano bonds,” this initiative was first unveiled in 2021 by President Bukele. It followed his move to declare Bitcoin (BTC) as legal tender in El Salvador. T


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