ICYMI: Here’s why central bankers are talking about bitcoin in El Salvador this week
are happening in San Salvador between May 16 and May 19: The 25th Digital Financial Services Working Group and 18th SME Finance Working Group ., a Malaysia-based organization that describes itself as “a policy leadership alliance owned and led by member central banks and financial regulatory institutions with the common objective of advancing financial inclusion at the country, regional and international levels.
But the idea that these meetings would focus mainly on bitcoin seems overplayed, especially considering that the AFI event pageor bitcoin by name when describing the content the working groups will cover. This confusion has compelled at least one country to set the record straight. Paraguay’s central bank saying that while it is participating in the SME Finance Working Group meeting, that event is not primarily focused on crypto. “The focus of the meeting is not related to cryptocurrencies or the like,” a translation of the Spanish-language BCP statement reads.
during the working group meetings as central bank heads discuss financial inclusion. After all, financial leaders sitting in El Salvador are probably curious to know how the country's bitcoin implementation is playing out there. But it's a stretch to say this is “a conference that may best be described as the Davos for Bitcoin,”wrote. It is primarily focused on financial inclusion, and one of several meetings that AFI holds each year.
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