Bitfinex parent company iFinex has reached a cooperation with the El Salvador government to assist the country in formulating crypto regulations

BlockBeats news, on May 13, according to the official blog, Bitfinex's parent company iFinex announced a cooperation agreement with the Salvadoran government. iFinex will assist El Salvador in formulating laws, regulations and guidelines related to cryptocurrencies. iFinex is also responsible for advising the Salvadoran government on the issuance and promotion of digital asset transactions, including the issuance of "Volcano Bonds" - the world's first digital bond secured by Bitcoin, which aims to build energy infrastructure for Bitcoin mining.