El Salvador Adopts Law to Support "Volcano Bond". In the Legislative Assembly, the digital asset bill received 62 yes votes and 16 no votes and this law will create a regulatory framework for Bitcoin and all cryptocurrencies in El Salvador.
After this news broke, I think we should expect more bullish trend in the market for now.
What is your opinion?
After this news broke, I think we should expect more bullish trend in the market for now.
What is your opinion?
For those who are interested to read, here's the link,
https://www.coindesk.com/policy/2023/01/11/el-salvador-passes-law-paving-the-way-for-volcano-bonds/
Quote
Although initially planned for March 2022, the bond issuance had to be postponed several times, mostly due to last year's brutal bitcoin bear market. The digital assets bill was finally introduced in the Legislative Assembly at the end of November 2022, where Bukele's party, Nuevas Ideas, has a large majority. Sixty-two legislators voted for the law today, and 16 voted against.
Maybe this is one reason why the price is going up in the last 24 hours? it's now climbing above $18k.
So yeah, this could be a welcoming news for everyone. And again, El Salvador never ceases to amaze us with this bitcoin adoption.
