El Salvador’s President Naib Buquele, citing unforeseen circumstances requiring his full presence at home, canceled his scheduled attendance at the Bitcoin 2022 conference in Miami.
“I will have to be on another flank in the battle for freedom,” he said.
El Salvador is currently engaged in a fierce struggle with criminal gangs known as “Mara.” On March 27, 62 people were killed in activities attributed to local gang members. This forced the Salvadoran Legislative Assembly to suspend constitutional rights for 30 days.
According to the Salvadoran National Police, 6,894 gang members have been arrested in the past 11 days.
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 to sell $1 billion worth of bitcoin bonds.