After the adoption of bitcoin as the legal tender in the country, President Nayib Bukele submitted a bill on the Digital Assets Issuance Law to his National Legislative Assembly and finally it was approved. The law is to utilize the volcano bonds and making bitcoin to be used publically in all aspects of business and also to fund the Bitcoin City.
Construction of the Bitcoin City will Continues
As it is said in the article, part of the money will be used to fund the bitcoin city in El Salvador whereby there will be tax-free and carbon-neutral in the city.
El Salvador Approves Digital Assets Issuance Law