El Salvador Steps Closer to Issuing Controversial Bitcoin Bonds
- Presidency dispatches a digital-securities bill to lawmakers
- President Bukele aims to raise $1 billion via blockchain bonds
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El Salvador’s presidency dispatched a digital-securities bill to lawmakers, taking the nation a step closer to raising $1 billion via the world’s first sovereign blockchain bond.
A spokesperson for the presidency late Tuesday released a copy of the 33-page legislation, which calls for a digital-assets commission and a Bitcoin Fund Management Agency to oversee crypto-related debt sales.