El Salvador will host a major meeting with central banks from 32 countries, arriving to discuss Bitcoin and other projects. It’s worth remembering that this is one of the smallest countries in Central America, but its audacity to make bitcoin legal tender made it a global high this past year.
After El Salvador, the Central African Republic followed and made bitcoin legal tender as well. This measure was recently announced and also drew the world’s attention to the first step in Africa.
Still, after adopting bitcoin as the currency, the Salvadoran government indicated that tourism has increased, as well as other benefits that can boost the local economy.
Large gathering of 32 central banks in El Salvador has bitcoin on the agenda
El Salvador’s President Nayib Bukele made a public announcement last Sunday (15), indicating that he would organize an important meeting this Monday (16) with authorities from different parts of the world.
This one will have presence of 44 countries, which will send representatives of 32 central banks and 12 financial authorities. THE Brazil was omitted from this meetingaccording to information released by the president, who did not name his representatives.
Representatives from South America will then be sent representatives from Argentina, Paraguay, Ecuador and Peru, among others, according to a map shared by the Bitcoin Beach profile. The profile also tagged the IMF in its publications and joked that it’s probably nothing, after the international organization criticized El Salvador over the Bitcoin Act.
Coat Map draws attention to the fact that even Russia will be able to participate, a country that has invaded Ukraine in recent months and is subject to a series of economic embargoes. China, which banned Bitcoin in 2021, has also been flagged in the unofficial card made public by the profile.
“Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking without banks, the launch of #Bitcoin and its benefits in our country.”
Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking without banks, the #Bitcoin rollout and its benefits in our country.
— Nayib Bukele (@nayibbukele) May 16, 2022
The presence of African and Central American countries also attracts attention
Leaving aside the United States and European countries, most of the countries that will send representatives are the developing countries.
Notable, for example, is the massive presence of governments from African and Central American countries, neighbors of the first countries to adopt bitcoin as a currency.
It’s not clear if they are also interested in making laws for the digital currency, but this meeting certainly draws attention due to the high level of interest from monetary policymakers learning about El Salvador’s Bitcoin reality.
In addition to the fact that BTC has become a common currency for the country, the local government has already bought coins and plans to build a bitcoin city, i.e. there is a lot to see for it, all new things that have happened in recent years. months have begun.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
