- Latin American treasuries met in Punta Cana to modernize operations with digital belongings and AI instruments.
- El Salvador consolidates its Bitcoin authorized tender framework with two main crypto occasions in November.
Official delegations from El Salvador, Argentina, Mexico, Uruguay, Colombia, Bolivia, and 9 different Latin American nations gathered in Punta Cana, Dominican Republic, for the fifteenth Annual Latin American Seminar on Public Treasury Administration.
This assembly, which occurred from October 28 to 30, included the participation of world monetary organizations such because the World Financial institution, the Inter-American Improvement Financial institution, and the Worldwide Financial Fund.
Luis Rafael Delgado Sánchez, the nationwide treasurer of the Dominican Republic, acknowledged that the seminar’s goal was to facilitate the trade of advances, data, and experiences among the many nations. He expressed that matters addressed have been geared toward making authorities treasuries within the area extra environment friendly and technologically superior, with the purpose of offering governments with higher instruments and assets for managing public funds.
This occasion, organized by the Discussion board of Authorities Treasuries of Latin America, marks the second time the Dominican Republic has hosted it.
Technical Displays and Exploration of Digital Property on the Seminar
The seminar’s program included technical shows from representatives of assorted nations. Alejandra Montiel, from the Common Treasury of Chile, and Juan Araujo, Deputy Common Treasurer of Argentina, offered an evaluation on purposes that strengthen Treasury companies and processes. Daniela Torre Peláez, from the Inter-American Improvement Financial institution, led a panel devoted to a information for issuing Inexperienced Bonds.
Different shows, similar to these by Claudio Roberto Carrilho on digital assortment companies and Claudio Vázquez Insfrán on optimizing payroll funds, accomplished an agenda centered on modernizing authorities monetary operations.
An intervention by Patrick Cheng from the World Financial institution, titled “Digital Innovation in Finance,” addressed how that establishment is exploring the tokenization of digital belongings and the usage of synthetic intelligence in managing its treasury.
El Salvador Strengthens its World Positioning with Bitcoin Occasions
San Salvador, the capital of El Salvador, is getting ready to host two worldwide occasions devoted to Bitcoin in November. These conferences goal to strengthen the nation’s picture as a worldwide hub for crypto financial system and know-how.
The primary, referred to as “Bitcoin Histórico,” is scheduled for November 12 and 13 within the Historic Middle of San Salvador. Organized by El Salvador’s Nationwide Bitcoin Workplace, the occasion will undertake a competition format integrating cultural, academic, and financial parts.
Its design intends to deliver the usage of Bitcoin nearer to the overall inhabitants, with emphasis on its function for particular person monetary sovereignty, significantly in contexts with restricted entry to conventional banking.
Stacy Herbert, director of the Nationwide Bitcoin Workplace, described the cryptocurrency as a device for financial freedom and particular person sovereignty, aligned with the imaginative and prescient of the Salvadoran authorities. The occasion will characteristic worldwide specialists sharing experiences about optimistic modifications generated by Bitcoin in varied communities, with particular consideration to its use for worldwide funds, remittances, and small-scale enterprise alternatives.
Technical Gathering and Enlargement of the Native Ecosystem with “Adopting Bitcoin 2025”
Instantly afterwards, on November 14 and 15, the “Adopting Bitcoin 2025” convention will happen. This assembly has a extra specialised technical profile, geared toward builders, entrepreneurs, buyers, and ecosystem contributors. Central dialogue matters will embody the Lightning Community, digital wallets, digital safety, and real-world use circumstances for the know-how.
Tickets for this occasion can be found for buy utilizing satoshis, the smallest unit of Bitcoin, with costs set to be accessible to the native inhabitants. This system seeks not solely to draw international funding but in addition to strengthen residents’ data about how this know-how works.
Among the many technical matters to be addressed are Bitcoin’s scalability, interoperability between networks, the event of decentralized purposes, and enhancing mechanisms for sending remittances and cross-border commerce.
A particular part of this version would be the “Bitcoin Seashore Day” a session connecting the pioneering adoption expertise within the coastal city of El Zonte with the remainder of the worldwide ecosystem. Moreover, the occasion will lengthen its attain with regional conferences scheduled in Honduras.
Regulatory Framework and Infrastructure for Crypto Property in El Salvador
These occasions happen in a context the place El Salvador has been consolidating a regulatory and authorized framework round digital belongings. The nation carried out the adoption of Bitcoin as authorized tender in 2021. Subsequently, it enacted the Digital Property Issuance Legislation and established devoted establishments just like the Nationwide Bitcoin Workplace and the Nationwide Digital Property Fee.
Reviews point out that the federal government has created fiscal insurance policies and incentives for firms creating Bitcoin-based options. The administration of President Nayib Bukele has maintained a proactive stance on monetary schooling, with the acknowledged purpose of democratizing entry to technological instruments.
