El Salvador's CNAD Approves the Volcano Bond
El Salvador's National Commission for Digital Assets said it had reviewed and approved issuance of the Volcano Bond. The approval was the regulatory stage enabled by the country's January digital-asset law; it did not mean the bond had already been sold to investors.
El Salvador's National Commission for Digital Assets said it had reviewed and approved issuance of the Volcano Bond. The approval was the regulatory stage enabled by the country's January digital-asset law; it did not mean the bond had already been sold to investors.
The institutional mechanism was direct Bitcoin-linked sovereign financing. The shift changed how traditional firms, accounting systems, or regulated products could hold or expose clients to Bitcoin, rather than changing the Bitcoin network itself.
The Bitcoin connection ran through bitcoin-linked sovereign financing. Formal approval stage for sovereign Bitcoin-linked financing initiative.
Jan enabling law.