El Salvador's 'Volcano Bond' Approved for Q1 2024 Launch

El Salvador's 'Volcano Bond' Approved for Q1 2024 Launch

By: Isha Das

Marking a significant event in the crypto world, El Salvador's anticipated Bitcoin bonds, colloquially known as the 'Volcano Bonds', have recently received regulatory approval.

Approval was granted by the country's Digital Assets Commission on December 11, with the launch of these bonds expected to take place in the first quarter of 2024. This information was confirmed in a statement from The National Bitcoin Office (ONBTC) of El Salvador.

Note: This is a rapidly developing story and will be updated as more information becomes available.

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