Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, ...
The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the bonds go out to the market in May or even July. El Salvador Might Issue Bitcoin Bonds Through La Geo The treasury minister of El Salvador, Alejandro Zelaya, gave his take on the issuance of the bitcoin bonds and how these might be linked to La Geo, the....
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The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for the issuance of these digital securities is still not ready.
El Salvador to Delay Bitcoin Bonds Launch
The launch of the iconic bitcoin bonds of El Salvador, which will serve to fund the construction of the Bitcoin City announced last year, will be further delayed, according to reports....
The raft of bills will help El Salvador’s government establish the legal and financial framework for the $1 billion Bitcoin bond issue, known as Volcano Bonds El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal framework for them.Head of the Treasury Alejandra Zelaya told El Salvadoran media El Mundo on Jan. 4 that the bills will cover regulations about issuing securities as cryptocurrency to ensure the viability of the Bitcoin bonds that were proposed in Nov. 2021. He said:"[This is]....
El Salvador’s leading ecologist Ricardo Navarro believes that mining bitcoin with a volcano, or geothermal energy, will “end in environmental disaster.” Navarro believes geothermal energy costs more than oil, and thinks El Salvador’s millennial president Nayib Bukele’s decision is questionable.
Salvadoran ecologist Ricardo Navarro Questions His Country’s Volcano-Powered Bitcoin City Venture
During the second week of June, El Salvador’s president Nayib Bukele told the public that the Latin American country planned to mine bitcoin....
The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, El Salvador is still waiting for favorable market conditions.
Salvadoran Bitcoin Bonds Launch Date Unknown
The government is reconsidering the launch date of its Salvadoran bitcoin bonds, whose funds are to be used to finance the....
El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility. Salvadoran President Nayib Bukele shared a video showing the apparent progress of the country’s Bitcoin (BTC) mining plant powered by volcanic geothermal energy.The video shows an overview of a power generation facility, with technicians enabling crypto mining rigs.First steps... #Bitcoin pic.twitter.com/duhHvmEnym— Nayib Bukele (@nayibbukele) September 28, 2021 Bukele did not elaborate much on the process shown on the video, only writing “first steps” with a Bitcoin tag alongside emojis....