![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, March 24, 2022 12:03:47 AM
March 23 2022 - 05:24PM
Cointelegraph
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.
https://ih.advfn.com/stock-market/COIN/BTCUSD/crypto-news/87638814/bitcoin-is-not-regulated-honduras-central-bank
Bitcoin is 'not regulated' — Honduras' central bank pushes back against legal tender rumors
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.
TURNER WRIGHT
6 HOURS AGO
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 authorized “issuer of banknotes and coins” considered to be legal tender in the country.
“BCH does not supervise or guarantee operations carried out with cryptocurrencies as means of payment,” said the central bank, according to a translated statement. “Any transaction carried out with these types of virtual assets is the responsibility and risk of those who do it.”
The central bank added it was continuing to study “with the conceptual, technical and legal analysis” the feasibility of introducing a central bank digital currency, or CBDC, in Honduras. The BCH said a CBDC would be considered legal tender in the country and regulated accordingly.
Several news sources reported this week that Honduran President Xiomara Castro was considering recognizing BTC as legal tender. El Salvador, which borders Honduras to the west, adopted the crypto asset as legal tender in September 2021 and has since planned to construct a $1-billion “Bitcoin City” with crypto mining operations powered by geothermal energy from the country’s volcanoes.
Other countries have also been making pushes to follow El Salvador’s example in adopting crypto. In February, a Mexican senator said she planned to introduce a bill to the country’s congress in 2022 proposing BTC become legal tender — the bill is modeled after El Salvador’s Bitcoin Law. A lawmaker from the island nation of Tonga, more than 10,000 kilometers from Hondura, is also working on legislation which could see the country recognize cryptocurrencies as legal tender by mid-2023.
https://cointelegraph.com/news/bitcoin-is-not-regulated-honduras-central-bank-pushes-back-against-legal-tender-rumors
Recent BTCUSD News
- Taiwan central bank says no rush for CBDC launch • Cointelegraph • 07/07/2024 10:21:26 AM
- Analyst Hints Bitcoin Price Recovery Might Be Underway — Here’s Why • NEWSBTC • 07/07/2024 10:00:48 AM
- Ancient Bitcoin Whales Wake Up From Slumber To Move Over $58,000,000 in BTC After a Decade: On-Chain Data • The Daily Hodl • 07/07/2024 09:15:22 AM
- Bitcoin Critic Calls ‘Institutional Demand’ A Myth Following Recent Price Slump • NEWSBTC • 07/07/2024 07:29:27 AM
- Top Trader Warns of November 2018-Style Capitulation for Bitcoin After ‘Massive Range Breakdown’ • The Daily Hodl • 07/07/2024 07:04:26 AM
- North Carolina's CBDC ban bill vetoed by governor • Cointelegraph • 07/07/2024 04:16:42 AM
- Crypto Trader Says Blue-Chip Altcoin Could Nosedive by 45%, Updates Outlook on Bitcoin • The Daily Hodl • 07/07/2024 12:00:34 AM
- 0.1 BTC Might be Enough to Retire by 2038 • ZyCrypto • 07/06/2024 10:16:00 PM
- Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000 • NEWSBTC • 07/06/2024 10:00:18 PM
- Bitcoin Could Skyrocket by Nearly 2x Before Hitting Cycle Top, Glassnode Co-Founders Say – Here’s Their Outlook • The Daily Hodl • 07/06/2024 08:00:12 PM
- Bitcoin mining difficulty hits lowest level since March as price tops $57K • Cointelegraph • 07/06/2024 07:26:19 PM
- Self-Proclaimed Bitcoin Creator Craig Wright Slapped With an Assets Freezing Order Over Libel Lawsuit • The Daily Hodl • 07/06/2024 06:45:13 PM
- Valora launches ‘Mobile Stack’ Web3 launchpad for iOS and Android • Cointelegraph • 07/06/2024 04:55:34 PM
- Millions of Americans’ Personal Data Allegedly Exposed As Notorious Hacker Hits Bank, Steals Sensitive Info From Multiple Financial Firms • The Daily Hodl • 07/06/2024 04:48:39 PM
- Layer3 increases initial airdrop to 7.5% of total supply ahead of token launch • Crypto Briefing • 07/06/2024 03:50:55 PM
- German Government Should HODL, Not Sell Bitcoin, Says German MP as $2.8 Billion is set to be Offloaded • ZyCrypto • 07/06/2024 02:53:38 PM
- Bitcoin Primed To Rally Nearly 80% After Ongoing Correction Ends, Says Analyst – But There’s a Catch • The Daily Hodl • 07/06/2024 02:30:47 PM
- Market Expert Predicts When Bitcoin Price Will Reach Its Cycle Highs • NEWSBTC • 07/06/2024 02:30:29 PM
- US House Considers Overturning Biden’s Crypto Custody Veto — This Could Spark Wide Market Rally • ZyCrypto • 07/06/2024 01:46:21 PM
- Why is Bitcoin price up today? • Cointelegraph • 07/06/2024 01:27:18 PM
- Bear Market Bites: Chainlink Loses 10%, Further Downturn To $6.80 Feared • NEWSBTC • 07/06/2024 01:15:04 PM
- Bitcoin Structurally Sound Despite Fears of $10 Billion Selling Spree: Analyst • ZyCrypto • 07/06/2024 01:13:20 PM
- Time To Buy The Dip? These Are The Large-Cap Crypto Assets To Watch • NEWSBTC • 07/06/2024 12:00:30 PM
- ‘Biggest Crash in History Coming’: Rich Dad Poor Dad Author Says Bitcoin Set To Plunge Before Rallying Massively • The Daily Hodl • 07/06/2024 11:45:14 AM
- Nigerian central bank alleges unauthorized transactions by Binance • Cointelegraph • 07/06/2024 10:51:43 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM