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Crypto exchange Bitfinex was listed as the book runner for the bond on a presentation shown on a large screen on the stage. PARAGRAPHHere el salvador volcano bitcoin what we know about the proposed bond and some of the details that still need to be filled in. That is well below the The premium investors demand to hold El Salvador bonds rather than ultra-safe U.
Samson Mow, data and analytics for financial market professionals Learn more about. Updated undefined ago. He also speculated that the moves would absorb enough bitcoin to push up the value of cryptocurrency. After a five year 'lock-up', chief strategy officer el salvador volcano bitcoin blockchain technology company Blockstream who was on stage with Bukele said that the 'volcano bonds' - the new city will be powered with geothermal energy from a nearby volcano - will be U, suggesting it could be as soon as in 60 days time.
It is also not known what would happen to the new bonds if the country defaulted on its existing traditional bonds. That would allow El Salvador to then pay off the bond with profits made from selling the bitcoin again?
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El Salvador Mines First Bitcoin With Volcanic EnergyThe Legislative Assembly of El Salvador approved on Wednesday a law for the issuance of digital assets other than bitcoin. Set to be built on the Gulf of Fonseca on the southern coast of El Salvador, the proposed city would be funded by the sale of a Bitcoin bond and. El Salvador's Volcanic Vision for 'Bitcoin City After becoming the first country to adopt bitcoin as legal tender, the Central American nation.
