El Salvador Volcanic Bond Obtains Regulatory Approval, Targets First Quarter Launch

THE Volcano Bind was approved by THE from the country Digital Assets Commission on Dec. 11, with emission expected In T1, 2024.

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El that of Salvador long awaited Bitcoin the obligations, Also known as "Volcano Obligations" to have received THE regulatory nod, And are expected has launch early 2024.

THE Volcano Bind was approved by El that of Salvador Digital Assets Commission And East anticipated has launch during THE First of all quarter of 2024, according to has A Dec. 11 statement Since THE National Bitcoin Desk (ONBTC) of El Salvador.

BREAKUP NEWS

THE Volcano Bind has just received regulatory approval Since THE Digital Assets Commission (CNAD).

We anticipate THE bind will be issued during THE First of all quarter of 2024.

This East just THE beginning For new capital markets on #Bitcoin In El Salvador.

— THE Bitcoin Desk (@bitcoinofficesv) December 12, 2023

THE country pro-Bitcoin chief Nayib Bukele Also apparently confirmed THE news In A job of her own, subtitle : "Magnifying glass volcano bail. »

Magnifying glass volcano link?

— Nayib Bukele (@nayibbukele) December 12, 2023

El El Salvador First of all pass THE landmark legislation provide THE legal frame For THE Backed by Bitcoin bind on Jan. 11. THE Volcano Bind East destined has pay down sovereign debt And funds THE construction of THE country propose “Bitcoin City. »

ONBTC said THE bind will be issued on Bitfinex Securities Platform, A trade site For blockchain-based actions And obligations that East registered In El El Salvador