El salvador volcano bitcoin

el salvador volcano bitcoin

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Bitcoin Represented by Miss Universe for El Salvador - Volcano #Bitcoin Bonds Get Green Light
El Salvador plans to use funds raised as part of its bitcoin volcano bond issuance for geothermal development in the country. The Legislative Assembly of El Salvador approved on Wednesday a law for the issuance of digital assets other than bitcoin. El Salvadorian president Nayib Bukele has unveiled a cryptocurrency-funded city designed by FR-EE that is planned to rise up a volcano.
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. The latest move comes at a time when El Salvador is facing financial trouble and debt default. El Salvador has a tropical climate. Two years ago, China provided about three-quarters of all the electricity used for crypto mining, with operations flocking to take advantage of its cheap hydroelectric power. El Salvador approved new legislation aimed at legalizing BTC-backed bonds.