- 32 central banks and 12 financial authorities from 44 different countries will meet on Monday May 16 in El Salvador.
- The group plans to discuss financial inclusion among other things.
- This is a big deal for the Bitcoin community
The president of El Salvador, Nayib Bukele, announced in a Tweet late on Sunday night that 32 central banks and 12 financial authorities from 44 different countries will meet on Monday May 16 in El Salvador.
The group plans to discuss financial inclusion, digital economy, banking the unbanked, El Salavor’s Bitcoin rollout and its benefits in the country.
In a series of Tweets after the announcement, the president announced that the 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 and the Bank of the Republic of Haitiwill be there.
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, and the Maldives Monetary Authority are also among those that will be attending.
In another Tweet, Bukele stated that 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 will also be in attendance.
This is a big deal for the Bitcoin community as it took almost 12 years for the first country to adopt Bitcoin. If Panama’s president signs their recent Bitcoin bill into law, they will only be the third country to do this.
Now, we are at the point where people coming from all corners of the world will meet in El Salvador to discuss financial inclusion.