El Salvador’s long-planned Bitcoin bonds have inched closer to reality after apparently receiving regulatory approval for an early 2024 issuance, the country’s Bitcoin-focused office posted on Tuesday.
The bonds are set to be offered on Bitfinex Securities, a regulated division of crypto exchange Bitfinex.
“The Volcano Bond has just received regulatory approval from the Digital Assets Commission (CNAD),” El Salvador’s National Bitcoin Office posted from its X handle. “We anticipate the bond will be issued during the first quarter of 2024.”