Bitcoin Bonds

(Alain Bonnardeaux/Unsplash)
El Salvador Passes Law Paving the Way for 'Volcano Bond'
The digital asset bill in the Legislative Assembly obtained 62 votes in favor and 16 against.
(Alain Bonnardeaux/Unsplash)

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Will El Salvador Default on Its Sovereign Debt in 2023?
While the issuance of a $1 billion bitcoin bond is delayed, President Nayib Bukele must face payments of $800 million next January. Will he make it?
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SAN SALVADOR, EL SALVADOR - DECEMBER 12: View of a sign depicting President of El Salvador Nayib Bukele as a clown during a protest against the government of Nayib Bukele on December 12, 2021 in San Salvador, El Salvador. Various civil society organizations and Social or Citizen Movements are protesting against the undemocratic measures of the Government of President Nayib Bukele, who on his social networks calls himself a "dictator" or "emperor. (Photo by Emerson Flores/APHOTOGRAFIA/Getty Images)
4 Reasons Why Bitcoiners Should Pass on El Salvador's Bitcoin Bond
El Salvador’s much-hyped "volcano" bond doesn’t hold up to scrutiny.
SAN SALVADOR, EL SALVADOR - DECEMBER 12: View of a sign depicting President of El Salvador Nayib Bukele as a clown during a protest against the government of Nayib Bukele on December 12, 2021 in San Salvador, El Salvador. Various civil society organizations and Social or Citizen Movements are protesting against the undemocratic measures of the Government of President Nayib Bukele, who on his social networks calls himself a "dictator" or "emperor. (Photo by Emerson Flores/APHOTOGRAFIA/Getty Images)

Volcano in El Salvador (Galen Rowell/Getty images)
El Salvador’s Bitcoin Bond Issuance Apparently Delayed
The country’s finance minister had previously suggested the bond sale could be launched as soon as this week.
Volcano in El Salvador (Galen Rowell/Getty images)

El Salvador's President Nayib Bukele (CoinDesk Archive)
Fitch Downgrades El Salvador to CCC Weeks Before Bitcoin Bond Issue
The firm cites concerns over the country's ability to service debt, its concentration of power in the presidency and adoption of bitcoin as legal tender.
El Salvador's President Nayib Bukele (CoinDesk Archive)

El Salvador (Esaú González/Unsplash)
El Salvador Bitcoin Bond Issuance Coming as Soon as March 15: Finance Minister
In a TV appearance, Alejandro Zelaya also confirmed that the coupon for the paper will be 6.5%.
El Salvador (Esaú González/Unsplash)

Bitcoin should not be used as legal tender in El Salvador, IMF says
Bitcoin Should Not Be Legal Tender in El Salvador: IMF
The financial institution said the Central American country’s plans to acquire more bitcoin will require a “very careful analysis” of implications for its financial stability....
Bitcoin should not be used as legal tender in El Salvador, IMF says

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Israeli Financial Authorities Double Down on Bitcoin-Linked Investments: Report
Insurance companies and investment houses might be required to detail and justify any investments linked to bitcoin.
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