Crypto Regulations in Honduras
Since Honduras doesn’t regulate crypto assets, the bank has released a statement that warns citizens about the volatile nature of the market.
In the same press release, officials from the Central Bank of Honduras highlighted that digital assets are not supported by the laws of the country. As such, any Honduran that carries out a transaction using these assets bears all the responsibility and risk associated with it.
Source: ThePaypayers
Honduras‘ central bank said that “for the time being,” Bitcoin 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 authorized “issuer of banknotes and legal tender” in the country.
Source: Coin Telegraph
In the same press release, officials from the Central Bank of Honduras highlighted that digital assets are not supported by the laws of the country. As such, any Honduran that carries out a transaction using these assets bears all the responsibility and risk associated with it.
The bank also emphasized that Honduras’ digital asset policy should not be compared to other countries. The Central American country has neither adopted, restricted nor regulated this market. According to Honduran law, the BCH is the only issuer of legal tender coins and bills, and regulator of the payments system.
Source: The Paypayers
The BCH also reminded the populace of its previous notices concerning digital assets and the fact that they are not regulated or backed by law. Based on this, the central bank emphasised that citizens who transact with digital assets will bear responsibility for any risks they face from the high volatility of digital assets.
“In this sense, the BCH reiterates to the Honduran population that, since crypto assets are not supported by the laws of the country, any transaction carried out with them will be under the responsibility and risk of the person who carries it out,” the BCH wrote.
Source: The Fintech Times
Not Available
Not Available
Honduras, a country in Central America, has launched ‘Bitcoin Valley,’ a project in the country’s town of Santa Lucia, to attract crypto investors from different parts of the world. According to a report by Reuters, a wide range of businesses in the town are now accepting Bitcoin for payments.
Source: Finance Magnates
The Central Bank of Honduras (BCH) has shot down social media chatter about a possible imminent announcement that bitcoin (BTC) was set to become legal tender in that Latin American country.
“Bitcoin for the moment in our country is not regulated,” said the BCH on Wednesday in a Spanish-language official statement. The BCH, the bank continued, is the only issuer of legal tender in Honduras, and that remains solely the lempira.
Today’s announcement comes following rumors on Twitter and elsewhere that Honduras President Xiomara Castro was – in similar fashion to neighboring El Salvador last summer – going to announce a plan to make bitcoin legal tender in her country.
Source: Coin Desk
The Central Bank of Honduras (also Banco Central de Honduras – BCH) has warned Hondurans about the risks of digital assets based on their lack of legal backing in the country and high volatility.In a press release dated July 29, the BCH stated that it has become aware that digital assets are now being used as payment. Honduran law is clear that the only issuer of legal tender coins and bills, and regulator of the payments system is the BCH, the notice said.
Source: Coin Geek
Not Available
