Bitcoin is ‘not regulated’ — Honduras’ central bank pushes back against legal tender rumors By Cointelegraph
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The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting as legal tender like its neighbor El Salvador — and the answer seems to be negative.
In a Wednesday statement, Honduras’ central bank said “for the time being” Bitcoin (BTC) was not regulated in the country and not recognized as legal tender in many others. The BCH reiterated its authority under Honduras’ constitution that it was the only authorized “issuer of banknotes and coins” considered to be legal tender in the country.
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The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting as legal tender like its neighbor El Salvador — and the answer seems to be negative.
In a Wednesday statement, Honduras’ central bank said “for the time being” Bitcoin (BTC) was not regulated in the country and not recognized as legal tender in many others. The BCH reiterated its authority under Honduras’ constitution that it was the only authorized “issuer of banknotes and coins” considered to be legal tender in the country.
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.