El Salvador Bitcoin bond delayed due to security concerns: Bitfinex CTO
Cointelegraph
Published Sep 02, 2022 06:19AM ET
Updated Sep 03, 2022 08:20AM ET
El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again.
The Bitcoin bond, also known as the Volcanic bond, or Volcanic token, was first announced in November 2021 as a way to issue tokenized bonds and raise $1 billion in return from investors. The fundraiser will then be used to build a Bitcoin City and buy more BTC.
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Written By: Cointelegraph
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