El Salvador Legislators Pass Law Allowing Bitcoin Bond Sales

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El Salvador Legislators Pass Law Allowing Bitcoin Bond Sales
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El Salvador’s lawmakers approved legislation to regulate bond sales backed by crypto assets

El Salvador’s lawmakers approved legislation to regulate bond sales backed by, a measure that aims to raise funds tied to the value of bitcoin and other digital assets, President Nayib Bukele said Wednesday.

The Digital Asset Issuance Law was approved with 62 votes in favor and 16 against at the country’s National Assembly. Mr. Bukele’s New Ideas party has a majority in the country’s legislature.

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