El Salvador President Nayib Bukele Calls Off Bitcoin 2022 Conference Appearance

Bukele had previously teased he would be making an important announcement at this year’s conference.

AccessTimeIconApr 6, 2022 at 6:04 p.m. UTC
Updated Apr 6, 2022 at 6:49 p.m. UTC

Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

El Salvador President Nayib Bukele, citing “unforeseen circumstances” that require his full attention at home, cancelled his planned participation in the Bitcoin 2022 conference in Miami.

  • He did not say what those circumstances are in the letter tweeted out by the conference organizers, although the letter says, "I will have to be in another flank in the battle for freedom."
  • El Salvador is currently in a fierce battle against criminal gangs, known as “maras.” On March 27, 62 people were killed in murders attributed to a local mara, prompting El Salvador's Legislative Assembly to suspend constitutional rights for 30 days.
  • According to El Salvador's National Police, 6,894 gang members have been arrested in the last 11 days.
  • In his letter, Bukele said he had the “sincere hope” of participating to make “another announcement, another small contribution in our fight for the liberation of money.”
  • It was at the Bitcoin 2021 conference last June that Bukele announced his plans to make bitcoin (BTC) legal tender in El Salvador. Expectations for this year's announcement included a progress report on the country’s plans for the sale of $1 billion in bitcoin bonds.

UPDATE (April 6, 14:45): Adds information in first bullet point.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.

CoinDesk - Unknown

Andrés Engler is a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.