The Central Bank of Honduras has recently issued a release that clarifies the position it takes on the utilization of cryptocurrencies on Honduran soil.
The Central Bank of Honduras has published a release that seeks to clarify the stance the institution takes about the use of cryptocurrencies in the country. The organization states that even with the popularity such instruments have attained in other countries, cryptocurrencies have no backing of any sort, and are also affected by high levels of volatility. “Any transaction carried out with them will be under the responsibility and risk of the person who performs it.
The Central Bank of Honduras has recentlya statement that clarifies its position on the utilization of cryptocurrencies on Honduran soil. The organization informed that according to national laws, the only institution authorized to issue money and to guarantee the existence of an efficient payment system is the Central Bank of Honduras.Cryptocurrencies are still in a legal gray area in Honduras, as their existence is not acknowledged in any bill yet.
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