Thirty-two central bankers and twelve chief financial officers from 44 nations will meet in El Salvador during the day, according to the president of the country, Nayib Bukelewho claimed that on the menu of discussions is, among other things, Bitcoin (BTC).
Developing economies around the world seem to be following events in El Salvador closely after the country granted legal tender status to BTC in September 2021. And if Mr. Bukele’s claims are true, their economic leaders will have the opportunity to find out how BTC is being used in the economy at a summit later today.
No information is available about this meeting, which appears to have been kept secret not only by the Salvadoran authorities, but also by the alleged participants. Cryptonews.com could not find any details of official visits to El Salvador in the media of either country, and the Salvadoran press also appears to be unaware of any such meeting.
In fact, almost everything that is known about this meeting comes from tweets by Bukele himself, who wrote that several financial leaders “will meet in El Salvador to discuss financial inclusion, the digital economy, banking, the deployment of Bitcoin and its advantages in our country.”
A large number of sub-Saharan African countries are among the nations that would be present, including São Tomé and Príncipe, Angola, Ghana, Burundi, Namibia, Nigeria, Senegal, Uganda, Guinea , Eswatini, Kenya, Gambia, Democratic Republic of Congo and Madagascar.
A notable absentee from this list is the Central African Republic, which recently introduced its own law relating to the adoption of BTC as legal tender.
North African and Middle Eastern nations are also on Bukele’s list, including Egypt, Mauritania and Jordan.
Bukele said officials from Haiti and the Dominican Republic would also attend, as would the central banks of Pakistan, Bangladesh, Armenia and Nepal.
A large number of representatives from Latin America are also expected to attend, including financiers from Costa Rica, Ecuador and Honduras, and the Central Reserve Bank of El Salvador will chair the event.
The operators of the Bitcoin Beach Twitter account seem to have caught wind of the event last Friday, and attempted to provoke the International Monetary Fund with a sarcastic message claiming that the event was “probably nothing”.
However, their list differs considerably from that of Bukele, in particular because it referred to the presence of India.
They also released a map earlier today – possibly of participants – which is likely to cause further confusion.
This map appears to show almost all of Africa in orange (BTC’s unofficial color), along with Argentina and Mexico. Even more dubious is the presence of China, which has banned most forms of crypto-related activity, as well as that of Russia and Ukraine.
Bitcoin Beach bills itself as the “small community that helped make El Salvador the world’s first Bitcoin nation” – and includes expats residing in a small beach resort. This group worked with the residents of El Zonte – 3,000 people – on a project that eventually became an unofficial pilot for nationwide adoption, with vendors and small businesses adopting a payment ecosystem based on BTC in 2020.
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