El Salvador govt seeks Congress approval to issue bitcoin-backed bonds


FILE PHOTO: A representation of bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

SAN SALVADOR (Reuters) - The government of El Salvador, the first country in the world to adopt bitcoin as legal tender, is seeking congressional approval to issue investment bonds in the cryptocurrency.

El Salvador's government-controlled legislature announced late on Tuesday it had received a bill dubbed the "Digital Assets Issuance Law," aimed at regulating the offering of such bonds to local and foreign investors.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Scale of social media use in pre-school children ‘deeply alarming’
Opinion: Are QR codes computer-friendly?
Pick your handle: WhatsApp preparing reservation queue for usernames
'Kirby Air Riders': A 'Mario Kart' alternative for the Switch 2
Meta delays release of Phoenix mixed-reality glasses to 2027, Business Insider reports
Opinion: How can you tell if something’s been written by ChatGPT? Let’s delve
'Stealing from a thief': How ChatGPT helped Delhi man outsmart scammer, make him 'beg' for forgiveness
A US man was indicted for allegedly cyberstalking women. He says he took advice from ChatGPT.
Apple, Tesla accused of profiting from horrific abuses, environmental destruction
Exclusive-How Netflix won Hollywood's biggest prize, Warner Bros Discovery

Others Also Read