Honduras regulator bans institutions from trading crypto

Honduras’ banking regulator the National Banking and Securities Commission, or CNBS, has announced an immediate ban that prohibits institutions from trading crypto. The banking regulator reached the resolution on Monday and cites fraud and money laundering among reasons for the move, Reuters reported. Honduras’ National Banking and Securities Commission, or CNBS, has banned institutions under […]

Honduras’ Próspera Zone recognizes Bitcoin as an official unit of account

Próspera Zone in Honduras officially recognizes Bitcoin as a unit of account, expanding financial freedom. Acting manager Jorge Colindres leads the initiative, emphasizing the right to financial flexibility. Despite temporary limitations, entities opting for Bitcoin can calculate tax obligations internally. In a significant development, the Próspera Special Economic Zone (SEZ) in Roatan, Honduras, has officially […]