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El Salvador's president to host 44 countries to talk bitcoin

Representatives from 44 countries will meet on Monday in the Central American country to primarily discuss Bitcoin

May 16, 2022 4:34pm

Updated: May 17, 2022 5:58am

El Salvadorean President Nayib Bukele announced on Sunday on his Twitter account that representatives from 44 countries will meet on Monday in the Central American country to primarily discuss Bitcoin. 

"Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country," tweeted Bukele.

Among those attending the meeting include 32 central banks and 12 financial authorities from developing countries, including Central Bank of São Tomé and Príncipe, Central Bank of Paraguay, National Bank of Angola, Bank of Ghana, Bank of Namibia, Bank of Uganda, Central Bank of the Republic of Guinea, Central Bank of Madagascar, Bank of the Republic of Haiti, and the Bank of the Republic of Burundi, Central Bank of Eswatini and its Ministry of Finance, Central Bank of Jordan, Central Bank of The Gambia, National Committee of Banks and Seguros of Honduras, Directorate General of Treasury, Ministry of Finance and Budget, Madagascar, the Maldives Monetary Authority, the National Bank of Rwanda, Nepal Rastra Bank, Sacco Societies Regulatory Authority (SASRA), Kenya, State Bank of Pakistan, General Superintendency of Financial Entities of Costa Rica, Superintendence of the Popular and Solidarity Economy of Ecuador, and the Central Bank of El Salvador.

The Bitcoin Beach Twitter account, run by a group of expats that aim to create "the world's first bitcoin nation,"created a map of possible attendees to the meeting. 

Not much else was disclosed about the meeting apart from what the president tweeted. “Almost all that is known about the meeting comes from tweets made by Bukele himself,” reported the Crytonews website. 

El Salvador was the first county to adopt Bitcoin as legal tender, making it the official currency in September of last year. Since then, Bukele has announced several crypto-related projects that the Central American country will carry out, including Bitcoin City and Bitcoin bonds.