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El Salvador’s President Nayib Bukele won praise from cryptocurrency enthusiasts across the globe last year when he promised to build a tax-free Bitcoin City on the country’s coast, complete with geothermal energy for mining digital coins from a nearby volcano.
The government has repeatedly announced that the launch would take off by March 20 but apparently failed to deliver it.
Bitcoin Magazine got an exclusive interview with Blockstream's Samson Mow to discuss El Salvador's new Volcano Bitcoin Bond.
Bitcoin Trades Add to El Salvador’s Sovereign Risk, Moody’s Says
Trading bitcoin ‘is quite risky, particularly for a government that has been struggling with liquidity pressures in the past’, Moody’s Jaime Reusche said.