El Salvador Submits Bitcoin Bond Bill –  Crypto
November 23, 2022

El Salvador Submits Bitcoin Bond Bill – Crypto


El Salvador’s economy minister, Maria Luisa Hayem Brevé, has submitted a digital asset issuance law to the country’s legislative assembly, paving the way for the launch of bitcoin-backed “volcano” bonds.

The groundbreaking initiative, announced a year ago, aims to attract capital and investors to El Salvador. At the time, it was revealed that they were planning to issue a $1 billion bond on Bitcoin’s federated sidechain, the Liquid Network, and split the bond process between a $500 million direct bitcoin allocation and an investment of the same amount. energy and bitcoin mining infrastructure in the region.

Source: bitcoinmagazine.com

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