El Salvador Pays Back $800M Maturing Bond, President Nayib Bukele Says

El Salvador Passes Law Paving the Way for Volcano Bonds

In 2021, El Salvador become the first country in the world to adopt bitcoin (BTC) as an official currency, and earlier this month, the Legislative Assembly of El Salvador approved a law that will serve as a legal framework for the issuance of the country’s long-delayed bitcoin-backed bond, also known as the Volcano Bond.

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