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Fortune
Fortune
Marco Quiroz-Gutierrez

El Salvador’s Bitcoin ‘Volcano Bond’ could be issued early next year after approval by regulator

Nayib Bukele (Credit: Alex Peña—Getty Images)

After nearly two years of delays, El Salvador’s Bitcoin Volcano Bond has been approved and could be issued as early as the first quarter of 2024.

The country's National Bitcoin Office, or ONBTC, said in a post to Twitter/X on Tuesday that the country’s Digital Asset Commission had approved the bond, triggering “the beginning for new capital markets on #Bitcoin in El Salvador.” The bond is set to be issued on the Bitfinex Securities Platform.

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