Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation
On March 23, Honduras’ central bank issued a clarification on crypto assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Honduras’ central bank official Twitter account, comes after lots of speculation about the Honduran president, Xiomara Castro, allegedly going to declare bitcoin legal tender in the country. Despite Rumors, Honduras’ Central Bank Says Bitcoin and Crypto Assets Are Not Legal Tender in the Country In recent times, there’s been a lot of rumors that claimed the....
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The central bank said “for the time being” Bitcoin was not regulated in the country, but it was exploring the feasibility of introducing a CBDC. The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative.In a Wednesday statement, Honduras' central bank said “for the time being” Bitcoin (BTC) was not regulated in the country and not recognized as legal tender in many others. The BCH reiterated its authority under Honduras' constitution that it was the only....
A lot of people had their bets on Honduras being the next country to declare bitcoin legal tender. Apparently, they lost. The country’s Central Bank issued an official statement in which they affirm their authority as the “sole issuer of legal tender banknotes and coins.” They also announce their intention of going the CBDC route […]
A special economic zone on a tourist-oriented island off the coast of Honduras has recognized bitcoin and other cryptocurrencies as legal tender, zone officials announced Friday. While the country’s central bank recently denied reports that it was considering making bitcoin its de facto currency, a scenic jurisdiction called Próspera on the island of Roatán stated […]
Honduras and Guatemala are studying central bank digital currencies and the value they could bring to their respective monetary systems. Two Central American countries, Honduras and Guatemala, are taking a cue from their common neighbor’s adoption of Bitcoin (BTC), but they are taking a very different road. Instead of embracing an existing cryptocurrency as a legal tender, like what El Salvador did, the central banks of Honduras and Guatemala are currently studying central bank digital currencies or CBDCs.Following the approval of the board of directors, the Central Bank of Honduras kicked....
A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.”
Bitcoin Operates as Legal Tender in Próspera
Próspera, a special economic zone located on the island of Roatan in the Western Caribbean and the Northern Corridor of Honduras, announced Thursday that it has adopted bitcoin as legal tender. Referring to Próspera as....