El Salvador to Host Bitcoin Conference, More Than 40 Countries Invited

The Bitcoin conference in El Salvador is expected to feature financial authorities from 44 countries.

Advertisement
By Shomik Sen Bhattacharjee | Updated: 18 May 2022 13:30 IST
Highlights
  • El Salvador's President Nayib Bukele is a Bitcoin maximalist
  • The conference aims to showcase the advantages of BTC adoption
  • El Salvador recently added another BTC 500 to its treasury

Last September El Salvador became the first country to adopt Bitcoin as legal tender

Photo Credit: Twitter/ PresidenciaSV

El Salvador President Nayib Bukele has announced that the country is hosting an international conference of central bank representatives. El Salvador will host an international Bitcoin event where 44 central banks and major financial institutions have been invited. According to President Bukele, El Salvador has invited 32 central banks and 12 financial authorities from different countries. These financial authorities will discuss the benefits of Bitcoin adoption in El Salvador and its impact on areas like financial inclusion, digital economy, and banking for the unbanked.

Set to attend the event are officials from countries such as Paraguay, Angola, Ghana, Namibia, Uganda, Guinea, Madagascar, Haiti, Burundi, Eswatini (Swaziland), Jordan, Gambia, the Honduras, Maldives, Rwanda, Nepal, Kenya, Pakistan, Costa Rica, Ecuador, Egypt, Nigeria, Senegal, Dominica, Mauritania, Congo, Armenia, and Bangladesh.

Organised by the Alliance for Financial Inclusion, a global policy leadership alliance, and in partnership with El Salvador's central bank, the conference will run for three days.

Advertisement

The move comes days after El Salvador's government added another 500 Bitcoin to its stockpile, marking its largest purchase yet of the cryptocurrency amid the broad market rout.

According to Bukele, the purchase was made at an average price of $30,744 (roughly Rs. 24 lakh) per Bitcoin — or about $15.5 million (roughly Rs. 120 crore) total. Previously, El Salvador's largest purchase was on January 21, when it bought 410 tokens for an average price of $36,585 (roughly Rs. 28.5 lakh).

The country's Bitcoin reserves are now up to 2,301 tokens, according to Bloomberg data.


How is Alexa faring in India? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

Also seeCryptocurrency Prices across Indian exchanges

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Advertisement

Related Stories

Popular Mobile Brands
  1. Samsung Galaxy S26 Ultra May Arrive in Six Colourways
  2. Oppo A6 5G Launched in India With 7,000mAh Battery at This Price
  3. Motorola Edge 70 Fusion Leak Reveals Full Specifications Ahead of Launch
  4. OnePlus Says India Operations 'Normal' Amid Claims of Internal Collapse
  5. Moto G67, Moto G77 Specifications Leaked; Could Launch Soon
  6. Redmi Note 15 Pro Series Might Launch in India With These Storage Options
  7. Retta Thala Now Streaming on Prime Video: What You Need to Know
  8. Here Are 5 Things You Should Know About Sony's New Deal With TCL
  9. Life Is Strange: Reunion Officially Announced, Launch Set for March
  10. OpenAI's Age Prediction System to Detect Underage Users Is Rolling Out
  1. Motorola Signature Price in India Tipped Ahead of January 23 Launch in India: Expected Specifications
  2. Retta Thala Now Streaming on Prime Video: What You Need to Know About This Tamil Crime Thriller
  3. OpenAI’s Age Prediction System to Detect Underage ChatGPT Users Is Now Rolling Out
  4. Life Is Strange: Reunion Officially Announced, Launch Set for March 26
  5. Moto G67, Moto G77 Chipset, Memory and Camera Specifications Leaked, Could Launch Soon
  6. Redmi Turbo 5 Max Charging Details Revealed as Pre-Reservations Begin Ahead of China Launch
  7. OnePlus Says India Operations ‘Normal’ Amid Claims of Internal Dismantling
  8. Samsung Galaxy S26 Ultra May Arrive in Six Colourways, Tipster Claims
  9. Scientists Find Clue to High-Temperature Superconductivity in Quantum Materials
  10. New Dark Matter Simulation Could Change How Galaxies Are Thought to Evolve
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.