Thursday, September 29, 2022

El Salvador Bitcoin bond delayed due to security concerns: Bitfinex CTO By Cointelegraph


El Salvador Bitcoin bond delayed due to security concerns: Bitfinex CTO

El Salvador, the Central American nation that adopted (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.

The Bitcoin bond, also known as the Volcanic bond, or Volcanic token, was first announced in November 2021 as a way to issue tokenized bonds and raise $1 billion in return from investors. The fundraiser will then be used to build a Bitcoin City and buy more BTC.