El Salvador Makes History: Bitcoin-Backed Securities Receive Regulatory Green Light
📍 First of all, know that: Bitcoin-backed securities are financial instruments that have their value guaranteed by the presence and possession of underlying Bitcoin. They work as a form of investment where the value of the security is directly linked to the value of Bitcoin. These securities offer investors a way to gain exposure to the cryptocurrency market without directly needing to purchase or store Bitcoin. They generally provide a more traditional form of investment, such as debt securities or futures contracts, but their value is tied to the performance of Bitcoin.
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