Categories: Bitcoin Latest News

Honduras’ Central Bank Debunks Bitcoin as Legal Tender Rumors

The BCH is, however, studying the feasibility of a central bank digital currency (CBDC).Read MoreFeedzy

The Central Bank of Honduras (BCH) has shot down social media chatter about a possible imminent announcement that bitcoin (BTC) was set to become legal tender in that Latin American country.

“Bitcoin for the moment in our country is not regulated,” said the BCH on Wednesday in a Spanish-language official statement. The BCH, the bank continued, is the only issuer of legal tender in Honduras, and that remains solely the lempira.

Today’s announcement comes following rumors on Twitter and elsewhere that Honduras President Xiomara Castro was — in similar fashion to neighboring El Salvador last summer — going to announce a plan to make bitcoin legal tender in her country.

Turning back to the BCH statement, the bank recalled two communiques — published in 2020 and 2021, respectively — clarifying that the BCH “does not supervise or guarantee operations carried out with cryptocurrencies as means of payment in the national territory.”

The BCH reiterated, though, that it continues with “the study and conceptual, technical and legal analysis” to determine the feasibility of issuing its own central bank digital currency (CBDC), which would be recognized as legal tender in the country.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Recent Posts

Dogecoin Price Could See Swift 175% Surge As DOGE/BTC Pair Records Major Breakout

The Dogecoin price recently surged 20% after President-elect Donald Trump announced the formation of a…

47 minutes ago

More Nodeless Non-custodial Bitcoin Lightning Wallets, Por Favor

Follow Frank on X. On Tuesday, Breez announced its latest partner, Yopaki, a Mexican neobank. Yopaki…

2 hours ago

First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 14,…

3 hours ago

U.S. ETF Inflows Hit $4.7B Over 6 Days as Bitcoin Becomes 7th-Largest Asset in the World

Bitcoin dominance continues its uptrend and hits new highs as ETF inflows soar.Read MoreCoinDesk: Bitcoin,…

4 hours ago

What Does a 60/40 Portfolio Look Like if We Replace Bonds With Bitcoin, a Lot Better: Van Straten

Post ContentRead MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

4 hours ago

Bitcoin Sets Record $93,000 High As Extreme Greed Level Hits 84

Data shows the Bitcoin market sentiment has recently seen a significant uplift as the cryptocurrency’s…

7 hours ago