Pakistan and 43 Other Countries to Meet in El Salvador to Discuss Bitcoin

Today in El Salvador, delegates from Pakistan and 43 other countries convened to discuss Bitcoin adoption and other concerns relating to the digital economic framework.

International media outlets reported on Tuesday that officials from each country’s financial institutions and central banks attended the meeting.El Salvador’s President, Nayib Bukele, announced on Twitter earlier this week that 32 central banks and 12 financial agencies will meet this week to examine Bitcoin and its potential adoption as a new form of currency.

Late Sunday night, Nayib Bukele announced on Twitter that on Monday, May 16, 32 central banks and 12 financial authorities from 44 countries will meet to discuss financial inclusion, the digital economy, banking the unbanked, and El Salvador’s Bitcoin rollout.

In a series of tweets, the president announced that the State Bank of Pakistan (SBP), Central Bank of So Tomé and Principe, the Central Bank of Paraguay, the National Bank of Angola, the Bank of Ghana, the Bank of Namibia, the Bank of Uganda, the Central Bank of the Republic of Guinea, the Central Bank of Madagascar, the Bank of the Republic of Haiti, and the Bank of the Republic of Burundi, the Central Bank of Eswatini and its Ministry of Finance, the 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 will be attending the meeting.

The meeting also included representatives from the National Bank of Rwanda, Nepal Rastra Bank, Kenya’s Sacco Societies Regulatory Authority (SASRA), Costa Rica’s General Superintendency of Financial Entities, Ecuador’s Superintendence of the Popular and Solidarity Economy, and El Salvador’s Central Bank.