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. Volcano Bonds are denominated in the dollar, but El Salvador plans to allocate half of the proceeds to infrastructure � such as volcano-powered Bitcoin mining, hence the name � and invest the rest in Bitcoin, holding it for five years before selling it over the next five years. Bullish group is majority owned by Block.
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The Indian government has announced that transactions involving cryptocurrencies and virtual assets would come under money laundering provisions. advertisement. Crypto Prices Today LIVE (10 February ): Read Crypto Market Today news, Crypto coins price chart on The ET Markets Is cryptocurrency legal in India? This.
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The Bitcoin price is $43,, a change of % over the past 24 hours as of p.m. The recent price action in Bitcoin Read more. Image. Bitcoin (BTC). Image. Bitcoin (BTC). 47, USDT. %. 47, USDT ; Image. Ethereum (ETH). Image. Ethereum (ETH). 2, USDT. %.
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Read MoreCrude Oil. All Rights Reserved. But a poll conducted in May by the Central American University found that 71 percent believed the cryptocurrency "has in no way helped to improve their family economic situation. Search results. The bonds are set to be offered on Bitfinex Securities, a regulated division of crypto exchange Bitfinex. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. 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.