El Salvador Passes Law Paving the Way for 'Volcano Bond'
The Legislative Assembly of El Salvador approved on Wednesday a law for the issuance of digital assets other than bitcoin. Included in the legislation was a legal framework for the issuance of a bitcoin-backed bond, also known as the Volcano Bond.
#Plenaria90✍🏻 Con 62 votos a favor, creamos la Ley de Emisión de Activos Digitales. pic.twitter.com/g1poXwLoH3— Asamblea Legislativa 🇸🇻 (@AsambleaSV) January 11, 2023
Sixty-two legislators voted for the law, 16 voted against.