El Salvador Approved Digital Asset Issuance Law, New Step For Bitcoin Bonds

Key Points: El Salvador recently approved a law governing digital asset issuance, which opened the door to Bitcoin bonds, as advocated by President Nayib Bukeele.
The new law gives legal certainty to transfer any digital asset that is offered for sale in the country.
Since at least the beginning 2022, El Salvador has been working to prepare for Bitcoin bonds.
El Salvador approved a law governing digital asset issuance that makes it easier for the country to issue Bitcoin bonds. The Executive also promoted this motion, which was passed into parliament last November. According to article 3 of the proposal, digital asset is a digital representation that can be stored and transferred electronically, using a Distributed Recording Technology system or similar or similar technology, where the records are linked and encrypted to protect the security and privacy of the transactions.According to the ruling party, the new law provides certainty in transferring digital asset offerings to the public in El Salvador.For opposition delegates, however, the regulations facilitated money laundering and tax evasion and left the Nayib Bukele government more indebted.It is reported that El Salvador has been preparing for Bitcoin bonds since at least the beginning of 2022. The law will create favorable conditions for Bitcoin bonds such as the Volcan bond, which President Bukele has introduced since the law’s inception. Bitcoin is legal tender in El Savior. They must also show cybersecurity and customer service capabilities, and give the names and titles and titles of employees. Digital asset issuers must also provide information about the country or jurisdiction in which they operate. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comFoxyCoincu NewsTags: # Cryptocurrencies#Bitcoin#MarketsBlockchaincryptoEl SalvadorNayib Bukele