El Salvador Volcano Bond Regulatory Approval event
Overview
El Salvador’s National Commission for Digital Assets (CNAD) granted regulatory approval on December 12, 2023, to the country’s Volcano Bond, a bitcoin-denominated sovereign debt instrument. The approval, disclosed by the National Bitcoin Office, marked the first digital-asset issuance authorised in the jurisdiction. The bond, initially announced in November 2021 and originally slated for issuance in March 2022, had faced a delay of nearly two years. It is linked to government plans for bitcoin mining using geothermal volcanic energy and the proposed Bitcoin City. Following the regulatory green light, issuance was rescheduled for the first quarter of 2024.
Within The Counterparty graph, El Salvador Volcano Bond Regulatory Approval connects to 1 tracked entity, most strongly to El Salvador.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | El Salvador | 90% |
Frequently asked questions
What is El Salvador Volcano Bond Regulatory Approval?
El Salvador Volcano Bond Regulatory Approval is an event tracked in The Counterparty knowledge graph. It is connected to 1 other tracked entity, most strongly to El Salvador.
What type of entity is El Salvador Volcano Bond Regulatory Approval?
El Salvador Volcano Bond Regulatory Approval is classified as an event (event) in The Counterparty knowledge graph.
What is El Salvador Volcano Bond Regulatory Approval connected to?
In The Counterparty knowledge graph, El Salvador Volcano Bond Regulatory Approval is linked to 1 other tracked entity, most strongly to El Salvador.
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.