Here is an interesting thread from a few weeks back posted by The National Bitcoin Office (ONBTC) of El Salvador under President @nayibbukele. El Salvador passed the digital securities law and they claim they will offer unprecedented consumer protection from bad actors in the 'crypto' space. Time will tell, but it is interesting to see how a country is evolving their laws to deal with Bitcoin and other cryptocurrencies.
Today El Salvador builds on our first-mover advantage by passing landmark legislation establishing a legal framework for all digital assets that are not bitcoin. As well as those issued on bitcoin.
The law also paves the way for volcano bonds which we will soon begin issuing.
3/ El Salvador is the epicenter of Bitcoin adoption, and thus, economic freedom, financial sovereignty, censorship resistance & unconfiscatable wealth.
When we issue the first of the volcano bonds, we will once again be blazing the path forward for this new monetary revolution.
4/ With the passing of this digital securities law, El Salvador will offer unprecedented consumer protection from bad actors in the 'crypto' space while also firmly establishing that we are open for business to all those who wish to build the future with us on bitcoin.
5/ The new legislation also creates the National Digital Assets Commission, the regulating agency in charge of applying the securities law and protecting the rights of digital asset purchasers as well as issuers in El Salvador, and of deterring fraudsters from operating here.
6/ The law plants another flag in history for El Salvador.
Under President Bukele, El Salvador has become not only the safest country in Latin America, but now also the country with the strongest protection of a person's rights to economic freedom, sovereignty & prosperity.
We want the world to know that we are just getting started
El Salvador is #Bitcoin country
Get ready for good times 🚀🇸🇻
Because we will keep winning 🏆
#Bitconi #ElSalvador #cryptocurrency #volcanobonds #BitcoinAdoption
Pleb Underground is powered by a collective of Bitcoin pleb content creators. Thank you to everyone who contributes, supports us and shares our content. Follow us on twitter @plebunderground