LATEST: El Salvador Ignites Crypto World with ‘Volcano Bonds’ Debut in 2024

El Salvador is set to launch its innovative “Volcano Bonds” in early 2024, marking a significant stride in its crypto endeavors. The bonds, to be offered on Bitfinex Securities, have received regulatory nod from the Digital Assets Commission. This initiative, confirmed by President Nayib Bukele, follows the nation’s recognition of Bitcoin as legal tender. Targeting $1 billion, these bonds aim to fund a renewable energy-powered Bitcoin mining sector, leveraging the country’s volcanic activity. This move closely follows the introduction of the “Freedom VISA” program, further cementing El Salvador’s commitment to cryptocurrency innovation.

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