Are El Salvador’s Bitcoin ‘Volcano Bonds’ an End Run Around the IMF?

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nydig.com/nlw/?utm_source=coindesk&utm_medium=podcast&utm_campaign=nlw"> <em><span style= "font-weight: 400;">NYDIG</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><span style="font-weight: 400;">Today on “The Breakdown,” a check in on El Salvador, where President Nayib Bukele has just announced “Bitcoin City,” a new community that will feature no income or capital gains tax and be designed to attract talent from around the world. The effort is being funded in part by a $1 billion bond that some are calling the “Volcano Bond.” The bond will be tokenized by Blockstream on Liquid and available for trade on Bitfinex. NLW covers the bitcoin world’s reaction to the news (as well as some fintwit skepticism). </span></p> <p><a href= "https://nydig.com/nlw/?utm_source=coindesk&utm_medium=podcast&utm_campaign=nlw"> <strong><em>NYDIG</em></strong></a><em><span style= "font-weight: 400;">, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at</span></em> <a href= "https://nydig.com/nlw/?utm_source=coindesk&utm_medium=podcast&utm_campaign=nlw"> <em><span style= "font-weight: 400;">NYDIG.com/NLW</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <div data-pm-slice="1 1 []" data-en-clipboard="true">Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></div> <div>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M="