El Salvador’s Legislature Approves Landmark Digital Securities Bill Paving Way For Bitcoin Bonds

[Google News Bot]

The country’s legislative body has completed the next step towards the issuance of El Salvador’s bitcoin bonds.El Salvador has voted to pass a bill which paves the way for the issuing of President Nayib Bukele’s bitcoin bonds. The plan, which was announced in November 2021, would entail El Salvador issuing $1 billion in bonds on Blockstream's Liquid Network, a federated Bitcoin sidechain. The goal of the bond issuance would be to invest half of the money into bitcoin, and the other half into infrastructure necessary to build out the bitcoin industry in the Central American country. The b ...

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