We anticipate the bond will be issued during the first quarter of ," the National Bitcoin Office, which manages all cryptocurrency-related projects, said on X. Trending Videos. We anticipate the bond will be issued during the first quarter of The government has not disclosed whether this has been done.
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Read MoreThe announcement added that issuance of the bonds would soon begin. Originally, these bonds were announced to have a maturity date in January and an annual interest rate of 6. For Education Investing in Education. El Salvador plans to use the Volcano Bond to pay down its sovereign debt, fund the construction of the Bitcoin City, and create Bitcoin mining infrastructure, according to Bitfinex, the technology provider for the bonds. Stay ahead of the game with our weekly newsletters. El Salvador's President Nayib Bukele announced in September that he would make Bitcoin legal tender in the country, which has a population of only 6.