El Salvador Gets Green Light to Raise $1B through Volcano Bitcoin Bonds
December 13, 2023
El Salvador's Volcano Bitcoin bonds approved by Digital Assets Commission.
The bonds will raise $1 billion for the construction of 'Bitcoin City'.
Bitcoin mining industry, utilizing renewable volcanic energy, supports the bonds.
The bonds will be listed on the Bitfinex Securities platform.
They offer a ten-year term with a 6.5% annual return.
El Salvador introduced a Freedom Visa and Citizenship program.
The program offers Salvadoran citizenship to those investing $1 million in Bitcoin or USDT.
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