Central Bank of Honduras refutes rumors that bitcoin is recognized as legal tender

Central Bank of Honduras refutes rumors that Bitcoin is recognized as legal tender

Earlier there were rumors that the president of Honduras, Xiomara Castro, might recognize bitcoin as a means of payment to “avoid the hegemony of the U.S. dollar. However, Banco Central de Honduras said that the first cryptocurrency is not regulated in Honduras and is not used as a means of payment in Honduras or in the vast majority of other countries.

The statement stressed that only the country’s Central Bank can issue banknotes and coins, so the official currency will remain the same, the lempira. In addition, the Central Bank of Honduras does not monitor cryptocurrency transactions and cannot guarantee the reliability of digital currencies. Therefore, any entrepreneur must assume all risks regarding the acceptance of such payments.

Meanwhile, Banco Central de Honduras will continue to explore the concept of issuing a state-owned cryptocurrency, as well as the regulatory and technical framework for it. Recall that last August, the Honduran company TGU Consulting Group installed the country’s first crypto machine. The machine was installed in the capital Tegucigalpa, in an office building.

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Written by Renat
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