President Nayib Bukele wants to lure developing countries into adopting Bitcoin via a conference that will be held in El Salvador.
Following his massive interest in Bitcoin (BTC), Nayib Bukele, the president of El Salvador, has disclosed that his country will be hosting an international Bitcoin conference tomorrow that will feature financial authorities from 44 countries.
According to President Bukele, El Salvador has invited 32 central banks and 12 financial authorities from different countries. These financial authorities will discuss the benefits and rollout of the world’s largest cryptocurrency Bitcoin, and financial inclusion, among others.
“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,” President Bukele.
Following are Banks, institutions, and ministries participating in El Salvador Bitcoin conference according to Bukele.
“Banco Central de São Tomé e Príncipe, Banco Central del Paraguay, Banco Nacional de Angola, Bank of Ghana, Bank of Namibia, Bank of Uganda, Banque Centrale de la République de Guinée, Banque Centrale de Madagascar, Banque de la République d’Haiti, Banque de la République du Burundi.
Central Bank of Eswatini, Ministry of Finance of Eswatini, Central Bank of Jordan, Central Bank of The Gambia, Comisión Nacional de Bancos y Seguros de Honduras, Direction Générale du Trésor, Ministère des Finances et du Budget Madagascar, Maldives Monetary Authority.
National Bank of Rwanda, Nepal Rastra Bank, Sacco Societies Regulatory Authority (SASRA) Kenya, State Bank of Pakistan, Superintendencia General de Entidades Financieras de Costa Rica, Superintendencia de la Economía Popular y Solidaria de Ecuador, Banco Central de El Salvador.
Central Bank of Egypt, Central Bank of Jordan, Central Bank of Nigeria, Ministère de l’Economie des Finances et du Plan du Sénégal, Superintendencia de Bancos de la República Dominicana, Banque Centrale de Mauritanie, Banque Centrale du Congo, Central Bank of Armenia, Bangladesh Bank.
Banco de Moçambique, Bank Al-Maghrib (Morocco), Bank of Sierra Leone, Bank of Zambia, Central Bank of Lesotho, Central Bank of Liberia, Central Bank of Sudan, Financial Regulatory Commission of Mongolia Ministry of Finance Zambia, Palestine Monetary Authority, and Reserve Bank of Malawi.”
Invited Countries
The majority of invitees that have been added to the list of countries that will be attending the cryptocurrency conference in El Salvador are mostly developing nations, especially African countries.
Some of the countries invited to the conference include Nigeria, Ghana, Burundi, Egypt, Jordan, Pakistan, Nepal, Rwanda, Kenya, Costa Rica, Ecuador, Zambia, Morocco, Armenia, and Paraguay.
It is not clear whether all the countries invited will be attending the conference, but President Bukele seems confident that the conference will be held successfully as slated.
Cardano’s Founder Reaction
The move has been widely celebrated by the entire cryptocurrency community, who seem confident that the conference will bring positive results to the industry, like seeing more countries adopt Bitcoin as a legal tender just like El Salvador did eight months ago.
One industry expert who seems happy with the initiative is Charles Hoskinson, the CEO of Input Output Global (IOG), the organization in charge of research and development at Cardano.
In an update on the microblogging platform Twitter, Hoskinson quoted President Nayib Bukele and added a gif of a man nodding in agreement with the development, with the caption “Yes” admiring the development.
https://t.co/2X5A7QTNWP pic.twitter.com/83xMx0T3qw
— Charles Hoskinson (@IOHK_Charles) May 16, 2022
El Salvador’s Bitcoin Adoption
Meanwhile, El Salvador has been at the forefront of leading the Bitcoin evolution among nations, as it believes the digital currency will eventually replace fiat in the near future.
President Bukele has not only been talking about Bitcoin’s adoption, but he has also led El Salvador on a BTC accumulation spree, with hundreds to thousands of top cryptocurrencies bought on different occasions, especially during dips.
As reported last week, El Salvador took advantage of the massive dip to purchase 500 units of Bitcoin.
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Source: https://thecryptobasic.com/2022/05/16/detailed-list-of-countries-central-banks-financial-authorities-participating-in-el-salvador-international-bitcoin-conference/?utm_source=rss&utm_medium=rss&utm_campaign=detailed-list-of-countries-central-banks-financial-authorities-participating-in-el-salvador-international-bitcoin-conference