The visit of HH Sheikh Tamim bin Hamad Al Thani, the Amir of Qatar, to El Salvador on Wednesday has highlighted the strong bilateral relations between the two nations. The meeting, which was in response to an invitation from the President of El Salvador, Nayib Armando Bukele, also triggered speculation about potential collaboration in cryptocurrency mining.
Charge d'Affaires of the Embassy of the State of Qatar to the Republic of El Salvador, Fahad bin Salem Al Marri, underscored the importance of this visit. In a conversation with Qatar News Agency (QNA), Al Marri mentioned that five agreements and Memoranda of Understanding (MoUs) on agriculture, livestock, military cooperation, health, and legal and Public Prosecution would be signed during the Amir's visit. These agreements aim to enhance cooperation on issues of mutual interest.
However, alongside these developments in bilateral relations, there was speculation in the crypto community about possible discussions regarding Bitcoin mining. El Salvador made headlines in 2021 as the first country to adopt Bitcoin as legal tender. The country has also announced a partnership with Volcano Energy group to create one of the world's largest Bitcoin mining farms. In contrast, Qatar's stance on cryptocurrencies is cautious, with its central bank issuing warnings against dealing with Bitcoin due to its volatile nature and potential use in financial crimes.
Despite this, the crypto community is buzzing with anticipation about potential joint ventures in crypto mining projects following the Amir's visit. A tweet by Bitcoin Archive suggesting that Qatar could be part of El Salvador's Bitcoin mining project garnered significant engagement.
Al Marri also touched upon the history of Qatar-El Salvador diplomatic relations since their establishment on September 24, 2003. He highlighted that bilateral multi-field relations have consolidated through high-level visits, development of various forms of cooperation, and signing 14 agreements and MoUs in fields like education, scientific research, youth and sports, air services, political consultations, news, central bank cooperation, tourism, and culture among others.
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