El Salvador prepares bill to regulate bitcoin bonds
The development of such documents is necessary to maintain the viability of financial instruments

05.01.2022 - 09:35
181
1 min
0
What’s new? El Salvador's government, led by President Nayib Bukele, has prepared a bill designed to create a legal framework for bitcoin bonds. Alejandro Zelaya, head of the treasury, told Salvadoran media El Mundo that the bill will cover regulations about issuing securities in the form of cryptocurrency.
Information on the El Mundo website
What does the treasury’s head say? He said the drafting of such documents is necessary to maintain the viability of bitcoin bonds, which were offered in November 2021. He added:
“[This is] to provide a legal structure and legal certainty to everyone who buys the bitcoin bond.”
What are the prospects? As previously stated, the investors have already invested $300 million in El Salvador bonds. Part of the $1 billion in bond proceeds will be used to fund the Bitcoin City initiative. The other part will be used by the government to buy bitcoins.
Useful material?
Trends
The investment company VanEck believes that in the coming year, the project will take third place in capitalization among crypto projects
Dec 8, 2023
Market
The asset will be distributed among the network participants by airdrop
Dec 8, 2023
Incidents
Do Kwon has filed an appeal against the extradition decision, and the official position of the agency will be announced at a later date
Dec 8, 2023
Market
The owner of the address mined the coins early in the development of the network, at the time they were worth about $100
Dec 7, 2023
Incidents
Anatoly Legkodymov also dropped his claims to the arrested assets
Dec 7, 2023
Trends
The capitalization of the asset grew by more than 36% per day
Dec 6, 2023