Honduras Financial News

07.04 / 19:01

Adoption Bitcoin Honduras’ Roatán Island, Portugal’s Madeira to ‘Adopt Bitcoin’, Mexican Senator Sends Bullish Sign Too

The island of Roatán in Honduras and Portugal’s Madeira region are both set to “adopt bitcoin,” while a Mexican senator hinted that new talks about making bitcoin legal tender in this country about to begin.

29.03 / 04:21

Law Law Decoded: Crypto taxes and taxes on crypto, March 21–28.

It was relatively quiet in the digital asset policy department last week, as regulators and lawmakers in most key jurisdictions retreated to their offices to do the necessary homework. In the U.S., federal agencies got on with the various reports that President Joe Biden’s recent executive orders directed them to produce. Over in the United Kingdom, both the central bank and the Financial Conduct Authority also dropped position papers on crypto-related issues. After thorough deliberation, Thailand’s financial authorities spoke out against using crypto as a means of payment, while rumors of potential legal tender adoption of crypto emerged and died in Honduras.

24.03 / 01:49

Latin America Central Bank Bitcoin NOT Bitcoin is 'not regulated' — Honduras' central bank pushes back against legal tender rumors

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.

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