El Salvador godkänner räkningen förknippad med Bitcoin-stödda obligationer
- "Digital Asset Issuance"-räkningen banar väg för den mycket efterlängtade Bitcoin-stödda obligationen, kallad "Vulcano Bond in El Salvador.
- Lagförslaget antogs den 11 januari med 62 röster för och 16 röster emot och kommer att göras till lag när det antas av presidenten.
- The National Bitcoin Office of El Salvador recently tweeted about the bill’s passage and said it will soon begin issuing the bonds.
- The technology provider for the Volcano Bond, Bitfinex, also took to Twitter to celebrate the bill’s passage.
El Salvador, the first country to adopt Bitcoin as a legal tender, has finally passed the landmark bill, providing the legal framework for all digital assets except Bitcoin. Moreover, the law also paves the way for the country’s highly-anticipated Bitcoin-backed bond, called the “Volcano Bond,” which aims to pay down the country’s sovereign debt and fund Bukele’s highly ambitious construction plans for “Bitcoin City.”
The bill, which was passed on January 11 with 62 votes in favor and 16 votes against, is expected to become law following its ratification by President Nayib Bukele. The National Bitcoin Office of El Salvador recently tweeted about the bill’s passage and said it will soon begin issuing the bonds.
Som tidigare rapporterats av Bitnation, El Salvador etablerade en ny byrå som heter National Bitcoin Office (ONBTC) to lead all the projects related to blockchain and cryptocurrencies in the Central American nation. The agency has been given freedom to collaborate and design projects involving Bitcoin and also join forces with organizations based in other nations for the same and its task will be to “design, diagnose, plan, program, coordinate, follow up, measure, analyze and evaluate plans, programs, and projects related to bitcoin for the economic development of the country.”
Teknikleverantören för Volcano Bond, Bitfinex, gick också till Twitter för att fira the bill’s passage. Interestingly, the term “volcano” for the bonds is derived from the nation’s Bitcoin City, which is projected to become a renewable crypto-mining hub fuelled by hydrothermal energy from the nearby Conchagua volcano.
Enligt till Bitfinex skulle Volcano Bond, eller Volcano Tokens, göra det möjligt för El Salvador att samla in pengar för att betala ner sin statsskuld, finansiera utvecklingen av Bitcoin City och etablera Bitcoin-gruvinfrastruktur.
Den berömda kryptoutbytesplattformen noterade också att den mycket efterlängtade staden skulle vara en speciell ekonomisk zon, liknande de i Kina, med skatteförmåner, regler som stöder kryptovalutor och andra incitament för människor att starta Bitcoin-företag.
“With the passing of this digital securities law, El Salvador will offer unprecedented consumer protection from bad actors in the ‘crypto’ space while also firmly establishing that we are open for business to all those who wish to build the future with us on bitcoin,” Bitfinex further stated.
Särskilt siktar regeringen på att ta in $1 miljarder från obligationerna, varav hälften avsedd för utvecklingen av den särskilda ekonomiska zonen.
The new law also establishes the National Digital Assets Commission, a regulatory body tasked with enforcing El Salvador’s securities laws, protecting the rights of issuers and purchasers of digital assets, and preventing fraudsters from conducting business in the Bitcoin City.
In a recent interview, Samson Mow, a supporter of Bitcoin who worked on the development of the Volcano Token, said that the recently passed law would help make the nation a “major” financial hub.
“The move to pass the new Digital Securities Law, and enable new instruments like the Bitcoin Bonds, will help El Salvador to pay off their existing debts and will be critical to transforming the country into a major financial center of the world,” he stated.