Discussion on the Volcano Bonds, a series of digital debt instruments that would be used to finance the creation of Bitcoin City, has resurfaced after their regulatory approval in El Salvador. The Bitcoin Office in the country revealed that it anticipated a launch date of Q1 2024 for these bonds.
Volcano Bonds Might Be Issued in Q1 2024
The Salvadoran Volcano Bonds might be launched next year, according to the National Bitcoin Office. The institution, created by President Nayib Bukele last year to manage and oversee bitcoin projects in the country, reported the approval of the regulation that will support the issuance of these bonds.
It stated:
The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD). This is just the beginning for new capital markets on bitcoin in El Salvador.
Furthermore, the office anticipates that the launch of these instruments will happen during Q1 2024. Stacy Herbert, director of the Bitcoin office, stated that they were c
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