A version recently emerged stating that Honduras could be the next country, after El Salvador, to have Bitcoin as Legal Tender currency. However, from the Central Bank of that country, they issued a statement in which they clarified the situation on this issue for now.
In the statement they stated the following:
1. Bitcoin is a financial asset that exists virtually (also known as cryptocurrency, cryptoactive or cryptocurrency), which at the moment in our country is not regulated and in most countries it does not have the condition of currency. legal.
2. In accordance with the provisions of Article 342 of the Constitution of the Republic, Article 5 of the Monetary Law and Article 26 of the Law of the Central Bank of Honduras; The BCH is the only issuer of banknotes and legal tender coins in the national territory. Likewise, Article 1 of the Monetary Law indicates that the monetary unit of Honduras is the Lempira.
3. It is important to remember what was established in the communications of January 19, 2018, January 17, 2020 and June 11, 2021, in which it was reported that 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.
4. We reiterate that the BCH, considering the importance of adopting technological innovation for offering payment and financial services, continues with the conceptual, technical and legal study and analysis to determine the feasibility of issuing a central bank digital currency. (Central Bank Digital Currency -CBDC-, for its acronym in English) that has the characteristic of being recognized as legal tender in the country and therefore is regulated and has the support of the BCH.
Statement on the possible adoption of Bitcoin as the legal tender of the country. For more information: https://t.co/hIDx8DWiKp pic.twitter.com/TejuiWRO9E
— Central Bank of Honduras (@BancoCentral_HN) March 23, 2022
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Investments in crypto assets are not regulated. They may not be suitable for retail investors and the full amount invested may be lost. The services or products offered are not aimed at or accessible to investors in Spain.