El Salvador approves launch of Bitcoin volcano bonds for Q1 2024
El Salvador’s Bitcoin “volcano bonds” are set to be launched in early 2024 following reported regulatory approval. The National Bitcoin Office (ONBTC) announced on Dec. 11 that the bonds had received approval from El Salvador’s Digital Assets Commission, with a planned release in Q1 of 2024. The bonds , with a ten-year duration, offer an annual return of 6.5% to investors. BREAKING NEWS The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD). 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. — The Bitcoin Office (@bitcoinofficesv) December 12, 2023 President Nayib Bukele, a vocal advocate of Bitcoin, echoed this development in an X post captioned “Wen volcano bond,” and additionally shared multiple posts indicating the issuance of the bonds in Q1 2024. Wen volcano bond? — Nayib Bukele (@nay...