Honduran Special Economic Zone Adopts Bitcoin as Legal Tender

Apr 8, 2022

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Honduran Special Economic Zone Adopts Bitcoin as Legal Tender

Originally posted here.
By: Jay Jackson

Overview

The Honduran Special Economic Zone has adopted bitcoin and other cryptocurrencies as legal tender for the Honduras Prospera. The Honduras Prospera is an economic zone established in 2020 as a means to encourage investment.

Honduras Prospera has autonomy on fiscal, budgetary, and administrative issues for the economic zones. This autonomy gives it the ability to approve the use of cryptocurrencies by residents, governments, and businesses. Local, municipal, and international firms will also be allowed to issue bitcoin bonds in their areas of jurisdiction.

“Prospera’s flexible regulatory framework enables crypto-innovation and the use of bitcoin …

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