El Salvador passes controversial digital asset legislation
A bill passed by the El Salvador parliament provides the framework for a BTC-backed bond, “The Volcano Bond,” which President Nayib Bukele hopes will enable the government to raise capital to pay down its sovereign debt.
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### Instruction: El Salvador passes controversial digital asset legislation

### Response: A bill passed by the El Salvador parliament provides the framework for a BTC-backed bond, “The Volcano Bond,” which President Nayib Bukele hopes will enable the government to raise capital to pay down its sovereign debt.