El Salvador Clears Regulatory Hurdles for $1 Billion Bitcoin Bond Issuance
• El Salvador's planned Bitcoin bonds receive regulatory approval, set to be issued in early 2024 on Bitfinex Securities • Bonds termed "Volcano Bonds," announced in 2021 to raise $1 billion to fund Bitcoin mining industry using renewable energy • Issuance originally planned for March 2022 but postponed several times • Regulatory approval comes from newly established Digital Assets Commission • Approval follows recent launch of "Freedom VISA" program offering residency for those investing $1 million in Bitcoin or Tether