El Salvador's Bitcoin Bonds Gain Regulatory Approval, Set for Q1 Launch
El Salvador's Digital Assets Commission (CNAD) has granted regulatory approval for the issuance of Bitcoin bonds, also known as "volcano bonds," which are expected to be launched in the first quarter of 2024. The bonds, initially announced by President Nayib Bukele after the country's Bitcoin Law was enacted, were delayed multiple times due to market volatility and geopolitical tensions. The bonds will be issued on the Bitfinex Securities Platform, marking a significant step towards establishing new capital markets for Bitcoin in El Salvador.
