El Salvador passes landmark crypto invoice, paving system for Bitcoin-backed bonds

El Salvador passes landmark crypto invoice, paving skill for Bitcoin-backed bonds

© Reuters
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El Salvador has handed landmark rules providing one of the best-looking framework for a Bitcoin-backed bond — is well-known because the “Volcano Bond” — that shall be historical to pay down sovereign debt and fund the constructing of its proposed “Bitcoin City”.

The invoice handed on Jan. 11 with 62 votes for and 16 in opposition to, and is space to change into rules after it is ratified by President Bukele.

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