El Salvador issues 20 certificates to legal $ 1 billion in Bitcoin bonds

We have news for El Salvador, the world's leading Bitcoin fiat currency (BTC). Finance Minister Gelaya (Alejandro Gelaya) said in an interview on January 4 that the Salvadoran government would present around 20 bills to parliament. Provide legal protection. For the future $ 1 billion BTC contract.

Being able to more than 20 invoices at a time is only legal and possible on a BTC contract.

He did not say when it would be delivered, but Sarria said the Sarria government intended to disclose more than 20 invoices. This will provide legal and factual standards for every BTC contract buyer.

Zaria further explains: We (El Salvador) are the first country to announce a Bitcoin bond, so we need to look at it.

US $ 1 billion of BTC bonds

As previously reported, El Salvador plans to work with infrastructure developer BTC Blockstream and Bitfinex Exchange parent company iFinex to announce the total $ 1 billion value of the BTC contract. Of this, $ 500 million will be used to buy Bitcoin and the rest will be used to support the infrastructure of the Bitcoin volcanic geothermal mine in China.

The contract offers 10-year growth and a 6.5% coupon rate, using Liquid Network, the BTC extension solution, as a stable basis for the tokenized contract, and using the management platform of Blockstream assets (AMP) to pay customers this annual coupon. .

Previously, when President Nayabi Bukele announced the construction of Bitcoin City, the city would impose a 10% value added tax (VAT) on its residents, half of which would be used to pay for electricity.

Generally, iFinex is known to provide legal assistance. Bitfinex CTO Paolo Ardoino said at the end of November: This is the first license to issue and issue volcanic mining bonds on iFinex Bitfinex with the new rules.

Can El Salvador start the world revolution?

Many parts have been amazed at El Salvador's volcanic ties. For example, Jared Lou, CFO of William Blair in New York City, said the 6.5% interest rate on the BTC contract was unacceptable. Bouguerei (President of El Salvador) left his Western positions.

Traders are not happy with this, and they expect the price of El Salvador's USD-denominated bonds to drop by 2050. This April ...

However, after the BTC legislation, Saskatchewan President Bouguerei expressed the utmost confidence, arguing that as long as the BTC test in Saskatchewan was successful, it would end the practice of playing legally and make a difference. On January 1 of this year, Bouguerei tweeted that BTC would exceed $ 100,000 this year and that at least two new countries would accept it as legal tender.