The Free City Of Próspera: Can This Island City’s Bitcoin Standard Pave The Way?
Próspera is a charter city within Honduras that has detailed a framework for making bitcoin legal tender, but what is it really trying to achieve?When Samson Mow, architect of the “Bitcoin Bond,” announced that the charter city had adopted a bitcoin standard, many watched in confusion as this small city was largely unknown. Now, Próspera is trying to show the world what it means to exist semi-autonomously from nation-state control while still being part of a nation-state.Joel Bomgar, the president of Honduras Próspera Incorporated (the private company behind the creation of Próspera) sat....
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Some residents have reportedly told the crypto-friendly city of Próspera to “go home” following the Honduran government’s repeal of the ZEDE legislation which enabled it. The leadership of the crypto-friendly charter city of Próspera in Honduras has hit back at reports it is facing a backlash from residents of the neighboring community of Crawfish Rock over its expansion plans.A July 5 article from The Guardian reported the special economic zone, touted as an island paradise with low taxes/fiscal responsibility, luxury homes and crypto-friendly regulation has seen pushback from some....
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 […]
How a small-scale Bitcoin education project involving a former brewery collided with plans for Bitcoin as de facto legal tender. Few crypto enthusiasts around the world could point to the remote island of Roatán prior to the Bitcoin 2022 conference in Miami. Dušan Matuska was one of them, a Bitcoin (BTC) educator whose plans to open a Bitcoin education center in a former brewery entangled with the Satoshi Nakamoto-inspired vision of a special economic zone in Honduras called Próspera. Located on Roatán, Próspera accepts Bitcoin as a de facto legal tender as of April 2022. But how did a....
On June 7th, 2016, The Austin-based retail store, Brave New Books, hosted the pre-launch event for Arcade City’s new app. However, a problem arose prior to the event as the bookstore was issued a warning by local city officials that it could be in violation of city code. Brave New Books Hassled by the Man. Brave New Books planned to host the pre-launch....
Participants will receive a discount for every central bank digital currency expenditure worth 100 yuan. South China’s Hainan Province, which administers the prefectural Sansha City on a disputed archipelago in the South China Sea, will run a two-week campaign later this month to promote the use of the digital yuan among island residents.The city, established in 2012, is on the front line of disputes over territorial claims in the South China Sea and is unusual in being both the People Republic of China’s smallest city by population and its largest by geographic reach — formally....