Honduran Special Economic Zone Adopts Bitcoin As Legal Tender
๐ฃ #Honduran Special Economic Zone Adopts #Bitcoin As #LegalTender
๐A special economic zone on a tourist-centric island on Hondurasโ #Caribbean coast has adopted Bitcoin and other #cryptocurrencies as legal tender.
๐ Called โ#HondurasProspera,โ the special zone was established in 2020 to help encourage #investment, and has administrative, fiscal and #budgetary autonomy.
๐ The bank said in a #March statement that in Honduras, the Central Bank cannot vouch for #cryptocurrencytransactions.
๐ Neighboring country #ElSalvador adopted Bitcoin as legal tender in September, the first country in the world to do so.
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