Honduran special economic zone adopts Bitcoin as legal tender

Article Image
Photo by H├ęctor Emilio Gonzalez / Unsplash

A special economic zone on a tourist-centric island on Honduras' Caribbean coast has officially adopted Bitcoin as well as other cryptocurrencies as legal tender.

The special zone is called "Honduras Prospera", and was established in 2020 to attract investments. The zone has administrative, fiscal, and budgetary autonomy.

"Prospera's flexible regulatory framework enables crypto-innovation and the use of Bitcoin by residents, businesses, and governments", Honduras Prospera said in a statement.

It will also be possible for municipalities, local governments and international firms to issue Bitcoin bonds from the area's jurisdiction.

Neighboring country El Salvador was the first country in the world to adopt Bitcoin as legal tender in September 2021. The roll-out was bumpy and mined in public skepticism.


Opinions expressed at Vestorportal.com are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. Vestorportal.com does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is Vestorportal.com an investment advisor. Please note that Vestorportal.com participates in affiliate marketing.

Support us:

BTC-(BTC): bc1qrja84qhn7299lmad79ch7flnca0lyq0alp6pdv

ETH-(ERC20): 0xEC06cbAfF0261e6Da0122Ae579a641B3e2303523