iFinex has reached a cooperation agreement with the government of El Salvador to assist in the formulation of cryptocurrency-related laws

ChainCatcher news, Bitfinex's parent company iFinex announced a cooperation agreement with the government of El Salvador to assist in the development of laws, regulations, and guidelines related to cryptocurrency.

In addition, iFinex will also provide consulting to the El Salvador government on the issuance and promotion of digital asset trading, including the issuance of "volcano bonds" (digital bonds backed by Bitcoin), aimed at funding energy infrastructure for Bitcoin mining.