El Salvador President Nayib Bukele announced in his new news that he will host representatives of 44 different countries. It was announced that the benefits of financial participation in the country, digital economy, unbanked banking, and the use of Bitcoin in the country will be discussed in the meetings to be held.
“Tomorrow, 32 central banks and 12 financial authorities (44 countries in total) will meet in El Salvador to discuss financial implications, digital economy, unbanked banking, the use of Bitcoin and its benefits in our country will be the subject of discussion.”
Countries expected to attend the event include the Central Bank of Paraguay, the Bank of Uganda, the National Bank of Angola, the Bank of the Republic of Haiti, the Central Bank of Madagascar, the Central Bank of the Republic of Guinea, the Esvatini Central Bank and the Ministry of Finance.
Bukele also stated that the Kenya Sacco Associations Regulatory Authority (SASRA), the National Bank of Rwanda, the General Directorate of Costa Rica Financial Institutions, the State Bank of Pakistan and the Central Bank of El Salvador will attend the meeting.
The meeting, which drew attention to developing countries, surprised many, with many participants praising the move, which could help improve the financial situation of countries that have felt marginalized by advanced economies and lending institutions.
on the list Central African Republic While (CAR) did not appear, this was seen by many as quite surprising. Recently, CAR has become the second country after El Salvador to accept Bitcoin as legal tender and has drawn harsh criticism from various circles, including the IMF.
Struggling with rising inflation Argentina Another country not on the list. The country has had its own issues with the IMF over its cryptocurrency stance, with reports that it is facing problems in accessing loan facilities from lending institutions.
However, this will be the largest ever crypto event that many governments will hold on Bitcoin. El Salvador became the first country to accept Bitcoin as legal tender after 12 years, and the second country arrived just eight months later. We will now see how many more countries will join the caravan after the meeting, which will focus on discussing the financial implications and benefits of adopting Bitcoin.
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