El Salvador’s highly-anticipated Bitcoin bonds have received regulatory approval to launch next year, according to a Dec. 12 post on social media platform X by the Central American country’s National Bitcoin Office (ONBTC).
“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,” ONBTC wrote.
President Nayib Bukele recently commenced a six-month leave for his reelection campaign and posted a cryptic message on social media asking, “Wen volcano bond?” He also shared multiple posts suggesting that these bonds might be issued in the first quarter of the upcoming year.
ONBTC outlined the bond as a significant step toward initiating new Bitcoin-focused capital markets within the country. Additionally, they highlighted that Bitfinex Security, an El Salvador-registered securities platform, will oversee the bond’s trading activities.
El Salvador has devoted nearly t
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