- After various speculations, the Central Bank of Honduras declared that they will not adopt Bitcoin as legal tender, although it did acknowledge that it is behind a CBDC.
After El Salvador adopted Bitcoin as legal tender and completely revolutionized the crypto and economic world, many nations have been attracted by this possibility. Several of them are from Latin America, a hard-hit region with low resources.
Honduras was one of the countries that appeared on the list of possible to adopt BTC as legal tender, even from some media they reported that this announcement would take place in the coming days. The Central Bank of Honduras (BCH) ruled out this possibility, although it did acknowledge that it is behind a CBDC (Central Bank Digital Currency).
“Bitcoin at the moment in our country is not regulated”, said the BCH in an official statement.
Honduras, far from regulating the BTC
In turn, he added that the only currency of legal tender within the territory is the Honduran lempira, named after the indigenous leader who died in combat fighting the Spanish in 1536. Currently, 24 lempiras represent one US dollar.
The BCH statement recalled three other statements published on January 19, 2018, January 17, 2020 and June 11, 2021:
“The BCH does not supervise or guarantee the operations carried out with cryptocurrencies as means of payment in the national territory, so any transaction carried out with this type of virtual assets is under the responsibility and risk of those who carry it out.”.
This throws away the versions that the president of Honduras, Xiomara Castro, would announce her plan to make Bitcoin legal tender in her country. which woke up after the middle digitalnews reveal some statements by President Castro will declare:
“We must not allow El Salvador to be the only country to escape the hegemony of the dollar. Honduras has the right to approach first world countries”, was the appointment they made.
At the moment, the only nation that has done so is El Salvador, led by President Nayib Bukele.. Despite the drop that digital gold has had in recent months, the president of El Slavador considers that having moved part of the reserves to cryptocurrencies has been a great decision for the evolution of the country.
A Central Bank Digital Currency for Honduras
What is true of the publications is that Honduras could approach cryptocurrencies but from another point. The BCH, just as other central banks in the world (including the powers) are doing, is becoming its own digital asset. They affirmed that they continue with “the conceptual, technical and legal study and analysis” in this specific case.
According to the BCH “ the economy of Honduras is the eighteenth economy in Latin America in terms of nominal gross domestic product (GDP) and the eighteenth in terms of GDP at purchasing power parity (PPP) prices” and beyond the fact that Honduras did not take such a step, that Bitcoin continues to be on the agenda of many countries in the world is a significant sign of the future of digital assets.
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