Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?

Posted on by American Coins & Gold

Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” a check in on El Salvador, where President Nayib Bukele has just announced “Bitcoin City,” a new community that will feature no income or capital gains tax and be designed to attract talent from around the world. The effort is being funded in part by a $1 billion bond that some are calling the “Volcano Bond.” The bond will be tokenized by Blockstream on Liquid and available for trade on Bitfinex. NLW covers the bitcoin world’s reaction to the news (as well as some fintwit skepticism).See also: Junk-Rated El…