Bitcoin is the subject of discussion as 32 central banks and 12 financial authorities meet in El Salvador this Monday.
El Salvador President Nayib Bukele yesterday night announced on Twitter that monetary officials from some 44 countries are to meet on Monday, May 16, to discuss the digital economy, banking the unbanked, financial inclusion and Bitcoin.
Among those attending the El Salvador meeting include the Bank of Uganda, Central Bank of the Republic of Guinea, Central Bank of Sao Tome and Principe, Central Bank of Paraguay, Central Bank of Madagascar, Haiti, Ghana Eswatini, Burundi, Gambia, among others.
Also expected to attend are monetary authorities from Pakistan, Ecuador, and Rwanda, as well as the SACCO Societies Regulatory Authority of Kenya as well as Nepal Rastra Bank, among others.
On Friday, May 13, the Twitter account for the digital currency announced that the Central bankers from Angola, Armenia, Bangladesh, Burundi, Congo, Costa Rica, Egypt, Gambia, Ghana, India, Namibia, Senegal, Sudan, Uganda, Zambia and 25 other developing countries are getting on planes to fly to El Salvador.
Not long after President Bukele’s official announcement, Bitcoin Beach tweeted out a world map that seemingly has countries who have either adopted Bitcoin already or are attending Monday’s meeting filled in with colour, saying, “Probably nothing.”
It took 12 years for the first country to adopt this digital currency, around eight months for the second, and if Panama’s President signs their recent Bitcoin bill into law, they will be the third only about a month after the second.
Now, countries from all over the world are meeting in El Salvador to discuss financial inclusion and how adopting Bitcoin can benefit their countries.
Gradually, then suddenly.
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