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Bukele’s Government Introduced a Bill To Launch the ‘Bitcoin Bonds’

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Amid the crypto market downturn, El Salvador finally makes a decisive step to the realization of its ambitious “Bitcoin bonds” project. The Minister of the Economy Maria Luisa Hayem Brevé introduced  a bill confirming the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”

A 33-page digital securities bill, dated Nov. 17, urges lawmakers to create a legal framework using the digital asses in public issuances by El Salvador. They should also consider all the requirements for this procedure and the obligations of issuers and asset providers.


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