El Salvador President Nayib Bukele announced that 32 central banks and 12 financial authorities are meeting in the country to discuss Bitcoin.
Late Sunday night, El Salvador President Nayib Bukele announced on Twitter that 32 central banks and 12 financial authorities from 44 countries are to meet on Monday, May 16, to discuss financial inclusion, digital economy, banking the unbanked, El Salvador’s Bitcoin rollout and its benefits in the country.
In follow up tweets, 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, 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, and the Maldives Monetary Authority are among those that will be attending.
Bukele added 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.
On Friday, May 13, the Twitter account for Bitcoin Beach announced that “Central bankers from Angola, Armenia, Bangladesh, Burundi, Congo, Costa Rica, Egypt, Gambia, Ghana, India, Namibia, Senegal, Sundan, Uganda, Zambia and 25 other developing countries are getting on planes today to fly to El Salvador.”
Not long after President Bukele’s official announcement, Bitcoin Beach tweeted out a map of the world that seemingly has countries who have either adopted Bitcoin already and or are attending Monday’s meeting filled in with color, saying “Probably nothing.”
Image via Bitcoin Beach
It took 12 years for the first country to adopt Bitcoin, around 8 months for the second, and if Panama’s president signs their recent Bitcoin bill into law, then 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.
Bitcoiners have to endure a lot of criticism from those who are still skeptical of the digital asset. A lot of the time, this skepticism comes from misunderstandings about the true nature of what the network is capable of. Headlines like “Bitcoin Was Hacked,” “Bitcoin Is Used By Criminals,” and “Bitcoin Is Bad For The…
If money is language, then bitcoin is English. It has a potential to scale that no other currency has and is the native currency of the internet.You might call it the cable that changed history.In the mid-19th century, there were various attempts to lay cables across the Atlantic Ocean between Ireland and the U.S. It…
Dekabank is reportedly considering investing in Bitcoin after a new law takes effect Monday, though it says "no decision has been made yet."Dekabank, one of Germany’ largest asset managers, is considering investing in Bitcoin, a spokesman for the firm told Bloomberg today. The news comes in advance of a new German law taking effect Monday…
In a significant development, the Securities and Exchange Commission (SEC) convened with applicants seeking approval for spot Bitcoin Exchange-Traded Funds (ETFs) today, according to Eleanor Terrett and Charles Gasparino of FOX Business. Terrett revealed sources who attended the meeting said the SEC was "making sure everyone is doing cash creates," and "asked issuers to remove all hints of in-kind redemptions
Bitcoin Core developers are considering “burying” the Taproot soft fork, to help developers when reviewing the code, but it could have unintended consequences.Watch This Episode on YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost revisit the Taproot activation saga, this time to discuss the burying of soft…
In a move that further legitimizes Bitcoin in institutional finance, the global investment giant Franklin Templeton filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC) on Monday, seeking approval for a spot Bitcoin ETF.The development comes at a time when the race to launch the first US spot Bitcoin ETF is hotly contested
Genesis Digital Assets (GDA), one of the world's largest Bitcoin mining companies, has announced plans to expand its recently launched Texas data centre to 400 megawatts. The ambitious phase two scaling highlights GDA's commitment to Texas as a mining hub, leveraging the state's renewable energy and pro-innovation policies. GDA's Rowdy Data Center in Vernon is
As I delve deeper into the realm of Bitcoin and the Lightning Network, I am consistently struck by the potential benefits it holds for humanity. The realization of how inefficient and broken our societal structures are due to the limitations of fiat currency becomes increasingly apparent to everyone. While the spotlight often shines on the
Payment processor OpenNode and ecommerce platform BigCommerce have partnered to bring bitcoin payments to more than 60,000 global merchants.Bitcoin payment infrastructure provider OpenNode has announced that its technology will be leveraged by ecommerce company BigCommerce, bringing bitcoin payment options to more than 60,000 merchants around the world.“Our partnership with BigCommerce is another important step towards…