President Nayib Bukele of El Salvador declared that 32 central banks and 12 financial agencies will gather in his country to discuss Bitcoin.
El Salvador President Nayib Bukele announced on Twitter late Sunday night that a meeting of 32 central banks and 12 financial authorities from 44 countries will take place on Monday, May 16, to discuss financial inclusion, the digital economy, banking the unbanked, and El Salvador’s Bitcoin rollout and benefits.
The Central Bank of So Tomé and Prncipe, Paraguay, Angola, Ghana, Namibia, Republic of Guinea, Madagascar, Republic of Haiti, Republic of Burundi, Eswatini and its Ministry of Finance, Jordan, The Gambia, National Committee of Banks and Seguros of Honduras, and the Maldives Monetary Authority are among those expected to attend, according to the president.
The National Bank of Rwanda, Nepal Rastra Bank, Kenya’s Sacco Societies Regulatory Authority (SASRA), the State Bank of Pakistan, Costa Rica’s General Superintendency of Financial Entities, Ecuador’s Superintendence of the Popular and Solidarity Economy, and El Salvador’s Central Bank will also be in attendance, according to Bukele.
The coming together of all of these countries in El Salvador may open up new avenues for discussion regarding the advantages of adopting Bitcoin as a legal tender.
El Salvador has been regularly buying the dip at every opportunity to strengthen its Bitcoin holdings since becoming the first country to embrace bitcoin (BTC-USD) as legal tender.
The Central African Republic (CAR) was the second country to legalize Bitcoin just recently. Panama, a Central American country, is also considering legalizing Bitcoin to combat inflation, and if its president passes the recently filed Bitcoin bill into law, Panama might become the third country to do so.
Despite the International Monetary Fund encouraging El Salvador to withdraw bitcoin (BTC-USD) from legal tender status early this year, citing concerns to financial stability, financial integrity, and consumer protection, President Bukiele continues to campaign for Bitcoin adoption.