El Salvador President Nayyib Bukele seems very eager to start the New Year with joy and has shared new developments as well as crypto-friendly laws.
Bukele tweeted several cryptocurrency tweets this year, and one of them says the government is preparing to send 20 new laws to parliament, claiming all of them will foster innovation and financial freedom in El Salvador.
According to ElSalvador.com, these laws are likely in many cases related to bitcoin (BTC) and will also aim to create a debt market in Central America. A number of MPs have expressed support for these measures, but details have not yet been reported.
Be that as it may, Bukele and his overwhelming majority in the Nuevas Ideas Party parliament are likely to see laws unopposed once they materialize.
The controversial leader also changed his Twitter biography to CEO of El Salvador (he had previously jokingly called himself the emperor and dictator of the nation in response to media criticism).
Bukele also teased other BTC-related developments in El Salvador and made a number of predictions for the year ahead for Bitcoin. He predicted that the token would reach $ 100,000 and that two more countries would accept it as legal tender.
He pledged that the Bitcoin City project would begin construction and that Bitcoin Volcano bonds would be oversubscribed, adding that a huge surprise looms on the horizon at the Miamis Bitcoin Conference (scheduled for April).
Bukele also noted with typical enthusiasm that his government collected a lot of sat in 2021, adding that the government had also managed to reroute patrol boats seized from drug cartels.
Bukele has launched an offensive on the charm in the past few days, and also announced that work will begin on a grand new national sports stadium, as well as the opening of a new state-of-the-art 100-bed hospital dedicated to treating coronavirus patients.
ElSalvador.com added that the new laws were likely related to the fact that Samson Mowof Blockstream and Pixelmatic has been called the upcoming digital securities legislation.
Moe shared a news article in which he cited an explanation that Volcano Bonds would be 10-year products maturing in 2032 with a 6.5% coupon.
He argued that while this new sovereign security is far more popular with bitcoin investors than with investors in general, organizations lacking in profitability are more likely to buy up bonds.
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