bitcoin bonds

IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight

October 7, 2024 Bitcoin.com

Bitcoin

The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability. IMF Urges El Salvador to Tackle Bitcoin […]

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El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’

November 26, 2022 Bitcoin.com

bitcoin bonds

After the Salvadoran president Nayib Bukele revealed the country would buy a single bitcoin every day, a report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office (ONBTC). The report says the entity was created via Decree No. 49, which was signed by Bukele and El Salvador’s […]

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Bitfinex CTO Paolo Ardoino States Salvadoran Bitcoin Bonds to Be Further Delayed

September 1, 2022 Bitcoin.com

Alejandro Zelaya

The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital […]

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El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister

May 4, 2022 Bitcoin.com

Alejandro Zelaya

The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, […]

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Demand for El Salvador’s Bitcoin (BTC) Bonds Oversubscribed by $500,000,000: Report

March 23, 2022 The Daily Hodl

Bitcoin

El Salvador’s Bitcoin (BTC) bonds are oversubscribed by around 50%, according to a Financial Times report. The Central American country announced in November of 2021 that it would issue Bitcoin bonds worth $1 billion. Citing El Salvador’s finance minister Alejandro Zelaya, sources tell the Financial Times that the total value of the bids for the […]

The post Demand for El Salvador’s Bitcoin (BTC) Bonds Oversubscribed by $500,000,000: Report appeared first on The Daily Hodl.

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Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible

March 23, 2022 Bitcoin.com

Alejandro Zelaya

The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the […]

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Bitcoin Will Be Legal Tender in 2 More Countries This Year, El Salvador’s President Predicts

January 3, 2022 Bitcoin.com

2022 predictions

El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds to be oversubscribed. Bitcoin Predictions 2022 by President Bukele The president of […]

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SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement

November 23, 2021 Bitcoin.com

bitcoin bonds

The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use […]

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