El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'

El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legislators.

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