El Salvador’s Bitcoin bonds have received regulatory approval and are set to launch in the first quarter of 2024, according to the country’s National Bitcoin Office. The bonds, known as the Volcano Bond, are seen as a significant step towards establishing Bitcoin-focused capital markets in the country. The trading activities of the bonds will be overseen by Bitfinex Security, an El Salvador-registered securities platform. The bonds, which have a ten-year duration, are expected to offer investors an annual return of approximately 6.5%.

In addition to the Bitcoin bonds, El Salvador has also launched a Bitcoin visa program, which has attracted $153 million in investments within a week of its launch. The program, called the Freedom Visa Program, allows Bitcoin investors to gain citizenship by investing up to $1 million in BTC or USDT stablecoin in the country. This initiative is part of El Salvador’s Bitcoin-driven economic revival and aims to raise as much as $1 billion annually. The country’s supportive crypto regulations have been praised by various crypto firms and industry stakeholders.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries	🇸🇻
Sentiment	very positive
Relevance Score	1
People	Nayib Bukele
Companies	Binance, Tether, Bitfinex Security
Currencies	Tether, Bitcoin
Securities	Bitfinex Security, None