El Salvador’s Bitcoin Bonds Get Regulatory Approval, Launch Set for Early 2024
cryptonews.comEl Salvador’s highly anticipated Bitcoin (BTC) bonds, also known as “Volcano Bonds,” have received the regulatory approval for an early 2024 issuance.
The bonds are expected to be offered on Bitfinex Securities, a regulated division of the popular cryptocurrency exchange Bitfinex.
“The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD),” El Salvador’s National Bitcoin Office shared the news on their official X profile, said.
“We anticipate the bond will be issued during the first quarter of 2024. This is just the beginning for new capital markets on Bitcoin in El Salvador.”
President Nayib Bukele, who has been a strong advocate for Bitcoin adoption in El Salvador, seemingly confirmed the approval on social media platform X.
He posted, “Wen volcano bond?” (sic) early Tuesday and shared several posts reiterating that the bonds would be issued in Q1 2024.
Wen volcano bond?
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