El Salvador Steps Nearer to Issuing Controversial Bitcoin Bonds
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Well there has been a lot of talk and speculation about Bitcoin bonds and it looks they have finally pulled it off
tldr; El Salvador’s presidency dispatched a digital-securities bill to lawmakers, taking the nation a step closer to raising $1 billion via the world’s first sovereign blockchain bond.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Controversial according to whom? The IMF?
Seems like bonds to finance and develop the bitcoin city should be separate from bonds to purchase bitcoin. Financing their bitcoin city would be a normal target for issuing bonds. But selling bonds to finance bitcoin purchases seems like an invitation to a scam, or at least bad risk taking. Mixing the two pools provides cover for bad actors managing the bitcoin funds portion.
So, it’s like paper bitcoing only secured thru a government?