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El Salvador takes a new step toward issuing its bitcoin bonds

El Salvador's presidency sent lawmakers a bill on digital assets, taking a new step toward raising US$1 billion through the first sovereign bond on the blockchain.

A spokesperson for the presidency presented the 33-page-long bill, which calls for a digital assets commission and a bitcoin fund management agency to oversee cryptocurrency debt issuances.

The text states that this aims to "create a legal framework for transferring digital assets used in public issues in

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