El Salvador is preparing to submit 20 bills “to provide a legal structure and legal certainty to everyone who buys the bitcoin bond.” cryptocurrency crypto
The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained.El Salvador’s finance minister, Alejandro Zelaya, said in an interview on local television Tuesday that his government will send about 20 bills to Congress concerning the country’s bitcoin bonds.
The bills will cover financial markets and investment in securities to provide a legal foundation for issuing bitcoin bonds, he explained, adding that the legislation will create a framework to cover corresponding market regulation and issuance of securities in crypto assets. The finance minister described:The Salvadoran government explained that half of the funds raised from the bitcoin bonds will be used to build infrastructure and the rest to buy bitcoin.
The issuance of the bitcoin bonds is planned for this year. Bukele predicted this week that it will beEl Salvador passed a bitcoin law, making