Wednesday, November 23, 2022
HomeBitcoinEl Salvador Submits Bitcoin Bond Invoice - Bitcoin Journal

El Salvador Submits Bitcoin Bond Invoice – Bitcoin Journal



El Salvador’s Minister of the Financial system Maria Luisa Hayem Brevé submitted a digital belongings issuance invoice to the nation’s legislative meeting, paving the best way for the launch of its bitcoin-backed “volcano” bonds.

First introduced one yr in the past right now, the pioneering initiative seeks to draw capital and buyers to El Salvador. It was revealed on the time the plans to problem $1 billion in bonds on the Liquid Community, a federated Bitcoin sidechain, with the proceedings of the bonds being cut up between a $500 million direct allocation to bitcoin and an funding of the identical quantity in constructing out power and bitcoin mining infrastructure within the area.



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