El Salvador’s “Volcano Bonds,” backed by Bitcoin, are set to debut in early 2024 after receiving regulatory approval. The bonds will be issued on the Bitfinex Securities Platform and are intended to finance the construction of the nation’s “Bitcoin City” and repay national debt.
read moreAlejandro Zelaya
0 posts last weekEl Salvador Launches Citizenship-by-Investment Program for Bitcoin Enthusiasts
El Salvador has launched a citizenship-by-investment program called the “Adopting El Salvador Freedom Visa Program,” offering residency visas and potential citizenship to individuals who invest $1 million in Bitcoin or Tether. This initiative aims to attract Bitcoin enthusiasts worldwide and could have a significant impact on the perception of cryptocurrency globally. Despite criticisms, El Salvador has seen success in its Bitcoin adoption, with President Nayib Bukele announcing a $3.6 billion profit on the country’s Bitcoin holdings.
read more