Honduran Special Economic Zone Adopts Bitcoin As Legal Tender
Meet Honduras Prospera as it is being called :
Honduran special economic zone adopts bitcoin as legal tender
TEGUCIGALPA, April 7 (Reuters) – A special economic zone on a tourist-centric island on Honduras’ Caribbean coast has adopted bitcoin and other cryptocurrencies as legal tender, officials of the zone said on Thursday.
Called “Honduras Prospera,” the special zone was established in 2020 to help encourage investment, and 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.
The economic zone will also let municipalities, local governments and international firms issue bitcoin bonds from the area’s jurisdiction.