El Salvador’s Bitcoin Bonds Secure Regulatory Approval!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 12, 2023 9:08

El Salvador’s innovative Bitcoin bonds, dubbed “Volcano Bonds,” have received regulatory approval and are set to launch early next year. The bonds will be issued through the Bitfinex Securities Platform, making El Salvador the first country to offer digital securities on the platform. This move follows El Salvador’s recent launch of a $1 billion Bitcoin mining project, which harnesses the country’s volcanic resources to power the mining operations. The Volcano Bonds are expected to attract investors looking for exposure to the rapidly growing cryptocurrency market while also supporting El Salvador’s economic development.