Yugocean
Valued Contributor
For the second time, the billion-dollar Volcano Token (Bitcoin Bond) idea in El Salvador has been delayed.
In addition to declaring bitcoin legal tender in his nation, El Salvador President Nayib Bukele also announced the establishment of a tax-free "Bitcoin City" based on the nation's bitcoin economy. The distribution of bonds to investors was part of a completed strategy to raise $1 billion for the development of the proposed bitcoin metropolis.
The plan was announced in November 2021, with a target launch date of the first quarter of 2022. However, due to market downturns and armed conflict in El Salvador, the release date was postponed.. The same thing is now transpiring once more.
International opponents of Bukele are attacking him, despite the fact that El Salvador's citizens' online behaviour does not appear to suggest that the public may be angry with Bukele.
While supporters claim that people have not embraced bitcoin, but, El Salvadorans themselves assert that they have.
In addition to declaring bitcoin legal tender in his nation, El Salvador President Nayib Bukele also announced the establishment of a tax-free "Bitcoin City" based on the nation's bitcoin economy. The distribution of bonds to investors was part of a completed strategy to raise $1 billion for the development of the proposed bitcoin metropolis.
The plan was announced in November 2021, with a target launch date of the first quarter of 2022. However, due to market downturns and armed conflict in El Salvador, the release date was postponed.. The same thing is now transpiring once more.
International opponents of Bukele are attacking him, despite the fact that El Salvador's citizens' online behaviour does not appear to suggest that the public may be angry with Bukele.
While supporters claim that people have not embraced bitcoin, but, El Salvadorans themselves assert that they have.
