El Salvador to provide a legal foundation for issuing bitcoin bonds
Hassan Maishera - Cryptowisser
El Salvador’s Finance Minister Alejandro Zelaya said yesterday that the government will send to Congress about twenty bills that would cover financial markets and investment in securities to provide a legal foundation for issuing bitcoin bonds.
The Minister said, "(This is) to provide a legal structure and legal certainty to everyone who buys the bitcoin bond." However, he didn't provide a timeline for when the legislation would be submitted to lawmakers.
El Salvador’s inaugural Bitcoin bond will be launched this year and is expected to be worth $1 billion.
Bitcoin last traded 0.16% higher at $46,733 on Binance.
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