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<a href="https://bitcoinworld.co.in/el-salvador-plans-to-issue-bitcoin-bonds-to-build-bitcoin-city/" title="El Salvador Plans To Issue Bitcoin Bonds To Build Bitcoin City" rel="noopener noreferrer nofollow"></a>
El Salvador’s Volcano Bitcoin bonds have just received the green light from the Digital Assets Commission (CNAD), the local regulator responsible for oversight of the digital assets ecosystem within the country.&nbsp;
These bonds, supported by the nation’s Bitcoin mining industry that harnesses renewable volcanic energy, aim to raise $1 billion from investors. This fund will be pivotal in constructing the much-anticipated “Bitcoin City.”
El Salvador has finalized preparations to issue the bonds in the first quarter 2024. The National Bitcoin Office plans to list the bonds on the Kazakhstan and El Salvador-regulated Bitfinex Securities platform.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/el-salvadors-president-nayib-bukele-slams-critics-as-bitcoin-investment-profits-exceed-3-million/" aria-label="“El Salvador’s President Nayib Bukele Slams Critics As Bitcoin Investment Profits Exceed $3 Million” (Edit)" rel="noopener noreferrer nofollow">El Salvador’s President Nayib Bukele Slams Critics As Bitcoin Investment Profits Exceed $3 Million</a>
The National Bitcoin Office (ONBTC) of El Salvador announced today the regulatory approval on its <a href="https://x.com/bitcoinofficesv/status/1734366450616336622?s=20" rel="noopener noreferrer nofollow">X</a> platform account on December 12, stating that this development marks the beginning of new capital markets based on Bitcoin in the country.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING NEWS<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">
 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.
 This is just the beginning for new capital markets on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> in El Salvador.
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1f8-1f1fb.png" alt="🇸🇻" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30b.png" alt="🌋" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">
 — The Bitcoin Office (@bitcoinofficesv) <a href="https://twitter.com/bitcoinofficesv/status/1734366450616336622?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 12, 2023</a>
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El Salvador unveiled the concept of these bonds in 2021 after making the landmark decision to recognize Bitcoin as a legal tender.&nbsp;
Initially set for a March 2022 launch, the bear market postponed the issuance. However, the passage of digital assets legislation in November 2022 has paved the way for these bonds, which offer a ten-year term and a 6.5% annual return to holders.
El Salvador recently introduced a <a href="https://bitcoinworld.co.in/el-salvador-partners-with-tether-to-launch-a-freedom-visa-program/" rel="noopener noreferrer nofollow">Freedom Visa</a> and Citizenship program known as the “Adopting El Salvador Freedom Visa Program,” which offers a pathway to Salvadoran citizenship for those willing to invest $1 million in Bitcoin or the stablecoin USDT.
The post <a href="https://bitcoinworld.co.in/el-salvador-plans-to-issue-bitcoin-bonds-to-build-bitcoin-city/" rel="noopener noreferrer nofollow">El Salvador Plans To Issue Bitcoin Bonds To Build Bitcoin City</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

El Salvador Plans To Issue Bitcoin Bonds To Build Bitcoin City

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