El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister

El Salvador’s Bitcoin Volcano Bonds Launch Still on Hold, According to Treasury Minister


The date of the launch of the Salvadoran bitcoin bonds, the instrument that would serve to build the announced Salvadoran Bitcoin City, is still unknown. Announced to be released earlier this year, the launch has been affected by the current war in Ukraine, and the deceleration of global markets. According to Treasury Minister Alejandro Zelaya, El Salvador is still waiting for favorable market conditions.

Salvadoran Bitcoin Bonds Launch Date Unknown

The government is reconsidering the launch date of its Salvadoran bitcoin bonds, whose funds are to be used to finance the construction of the Bitcoin City, a city that would feature a 0% income tax and be carbon-neutral due to the geothermal energy powering its operations. Alejandro Zelaya, El Salvador’s minister of treasury, explained that

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