El Salvador passes bill to encourage Bitcoin-backed bonds
El Salvador recently enacted legislation that establishes the legal foundation for a Bitcoin-backed bond, dubbed the “Volcano Bond,” which would help pay the country’s debt and finance the development of its envisioned “Bitcoin City.” On January 11, the National Bitcoin Office of El Salvador tweeted about the bill’s passing and said it will soon start […]
See how El Salvador’s president intends to use bitcoin bonds
El Salvador’s president, Nayib Bukele, wants to utilize a “bitcoin bond” to create a new municipality named “Bitcoin City,” which would be fueled by geothermal energy from a volcano. Bukele made the announcement on stage during the LABITCONF conference in San Salvador’s grand finale on Nov. 20 in the late evening. Samson Mow, Blockstream’s chief […]