Nayib Bukele, the president of El Salvador, which gives legal status to bitcoin, has announced the holding of the International Bitcoin Conference. 44 central banks and major financial institutions have been invited for this conference. Bukele said that invitations have been sent to 32 central banks and 12 financial authorities in different countries.
Conference to El Salvador bitcoin The benefits of increasing the use of CMS and its impact on the digital economy, banking and financial inclusion will be discussed. The conference, being held in partnership with the Alliance for Financial Inclusion and the Central Bank of El Salvador, a global organization associated with policy leadership, will last for three days. This could include officials from countries such as Jordan, Angola, Paraguay, Namibia, Ecuador, Nigeria, Senegal, Dominica, Costa Rica, Nepal, Kenya, Maldives, Haiti, Madagascar, Uganda, Bangladesh and Armenia.
Recently Bukele bought around 500 bitcoins at an average price of $30,744. Last year he legalized bitcoin as a payment option in El Salvador. When bitcoin declines, they buy it for their country’s treasury. Bukele bought these bitcoins for about $ 153 million. He gave information about this on Twitter. According to one estimate, the Treasury of El Salvador holds a total of 1,620 bitcoins, valued at approximately $49.5 million. Bukele had previously bought around 400 bitcoins in January. The price of bitcoin then dropped from $42,270 to around $35,000.
Against the legal status of bitcoin from the International Monetary Fund (IMF) Warning Despite Bukele are endorsing this cryptocurrency. He has also launched a government-sponsored bitcoin wallet called Chivo, from starting a bitcoin ATM in El Salvador. El Salvador has other plans for bitcoin. Bukele had a meeting with Chengpeng Zhao, chief executive officer of crypto exchange Binance, in March. However, information about this meeting was not disclosed. It is reported that the issue of bitcoin-linked bonds was discussed in this meeting.