This compensation may impact how and where listings appear. He also posted about the approval. El Salvador has made a huge step forward in releasing its Volcano Bonds. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
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Read MoreEl Salvador announced Monday it will issue bitcoin bonds in the first quarter of , the proceeds of which are expected to finance the construction of a "Bitcoin City" powered by a volcano. Shaurya Malwa. If successful, the bond could help the Central American nation avoid defaulting on its debt, although the International Monetary Fund has for years urged El Salvador to get rid of Bitcoin as a legal currency. Partner Links. Kazakhstan became a major hub in Bitcoin mining after the expulsion of miners from China in the spring of Follow shauryamalwa on Twitter. Join the community to get our latest stories and updates.