As of July 2024, El Salvador's latest developments in Bitcoin policy may include the following aspects:
1. **Bitcoin as Legal Tender**: El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021. This policy aims to promote financial inclusion and attract foreign investment.
2. **Bitcoin City Plan**: The Salvadoran government proposed the concept of building a "Bitcoin City," an economic zone centered around Bitcoin, with plans to use geothermal energy from volcanoes for Bitcoin mining.
3. **Bitcoin Bonds**: The government plans to issue Bitcoin bonds to raise funds for infrastructure development and Bitcoin mining projects. These bonds are referred to as "Volcano Bonds."
4. **Chivo Wallet**: The government launched the official Bitcoin wallet, Chivo, to facilitate Bitcoin transactions for citizens. Users can make payments, transfers, and receive Bitcoin through this wallet.
5. **International Reaction**: El Salvador's Bitcoin policy has garnered widespread attention and discussion internationally. Some countries and institutions have expressed support, while others remain cautious, concerned about potential financial risks.