Tag: Issuance

El Salvador Approves Digital Assets Issuance Law – Regulation Bitcoin News

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The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed thanks to the majority that President Nayib Bukele has in Congress, serves as a base for the issuance of the long-expected volcano bonds. El Salvador Passes Digital Bond Law El Salvador has taken another step in the way of integrating blockchain technology with the financial operations of the state. The Legislative Assembly finally passed the Digital Assets Issuance Law, which…

El Salvador Passes Law Paving Way for Bitcoin Bond Issuance

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Lawmakers in El Salvador have greenlit a law that could facilitate the country’s long-standing Bitcoin bond initiative.  El Salvador has taken a monumental step toward adopting and issuing the first-ever sovereign Bitcoin (BTC) bond. On Wednesday, Bloomberg reported that the Central American nation’s Congress recently approved a digital securities law potentially underpinning Bitcoin bond sales. This law allows El Salvador to generate funds through the world’s first sovereign Bitcoin bond. The bill, which secured an overwhelming 62 Congress votes in favor, will head to El Salvador President Nayib Bukele for signing. 16…

Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets – Regulation Bitcoin News

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The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract capital through coins and tokens. Uzbekistan Government Sets Out to Regulate Digital Asset Investments The National Agency of Perspective Projects (NAPP), under the President of Uzbekistan, has released a new regulation on the procedures for the issue, registration, and release in circulation of crypto assets in the Central Asian Nation. The…

Argentine Airline Flybondi to Adopt NFT Technology for Ticket Issuance – News Bitcoin News

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Flybondi, a low-cost Argentine airline, is introducing blockchain tech in its operations. The company announced recently it will start issuing tickets as non-fungible tokens (NFTs), broadening the possibilities of what customers can do with them. Users will be able to sell or transfer the tokens to other travelers up to three days before the applicable flight, for example. Flybondi to Issue NFT Tickets More companies are including NFTs as part of their business models due to the perceived benefits and advantages they can bring. Flybondi, a low-cost Argentine…

‘Ultra Sound Money’ — Post-Merge Stats Show Ethereum’s Issuance Rate Plunged After PoS Transition – Technology Bitcoin News

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Months before Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS), a simulation of The Merge had shown the network’s issuance rate would drop following the ruleset change. Statistics now show that the simulation’s predictions have come to fruition as the network’s issuance rate has slowed significantly since September 15, following the Paris Upgrade that triggered The Merge. Ethereum’s Issuance Rate Sinks Lower Post-Merge Since August 5, 2021, Ethereum has changed from being inflationary to deflationary by introducing the ruleset upgrade ​​EIP-1559. Essentially, the change reconfigured the algorithm tied to the…

United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’

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Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms. Speaking before the Texas Work Group on Blockchain Matters in Austin on Friday, Beck suggested limiting the issuance of U.S. dollar-backed stablecoins to licensed banks rather than issuers like Circle. The United Texas Bank CEO cited a November report from the President’s Working Group on Financial Markets, in which the group said stablecoin issuers should be held to the same…

DeFi protocol Porter Finance shuts down bond issuance platform after just one month

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Porter Finance, a decentralized finance, or DeFi, protocol based on the Ethereum (ETH) blockchain, announced Tuesday that it was shutting down its bond issuance platform. In explaining the discussion, Porter Finance said: “Looking forward, we are not confident there will be large inflows of lending demand for fixed income DeFi products like the ones offered through Porter Finance. This is primarily due to the competitiveness of rates offered in traditional finance and the lack of institutional fixed income DeFi adoption over the past year. We are also no longer willing…