Central Bank of Honduras warns of risks of using cryptocurrencies

[The central bank of Honduras warns of the risks of using cryptocurrencies] Golden Finance News, the Central Bank of Honduras issued a press release aimed at clarifying the institution's position on the use of cryptocurrencies in the country. Even if such tools gain popularity in other countries, cryptocurrencies are not backed by any form and are also subject to high volatility, the group said. "Any transaction with them will be at the responsibility and risk of the person executing the transaction."

In addition, the organization informed that, according to the country's laws, the only institution authorized to issue currency and guarantee the existence of an effective payment system is the Central Bank of Honduras.

According to previous news, Honduras established a bitcoin center to promote the use of bitcoin.

Other news:

Central Bank of Honduras Warns of Risks of Cryptocurrency Use: Golden Finance News, The Central Bank of Honduras has issued a press release aimed at clarifying the institution's stance on the use of cryptocurrencies in the country. Even if such tools gain popularity in other countries, cryptocurrencies are not backed by any form and are also subject to high volatility, the group said. "Any transaction with them will be at the responsibility and risk of the person executing the transaction."

In addition, the organization informed that, according to the country's laws, the only institution authorized to issue currency and guarantee the existence of an effective payment system is the Central Bank of Honduras.

According to previous news, Honduras established a bitcoin center to promote the use of bitcoin. [2022/8/2 2:52:16]

Honduras Denies Rumors of Making Bitcoin Legal Tender: March 24 News The central bank of Honduras has denied rumors of adopting bitcoin as legal tender, according to a statement released earlier this Wednesday. The country's central bank has clarified that it is the only institution that legally issues banknotes and coins in the country. Meanwhile, the Central Bank of Honduras made it clear that it “does not monitor or guarantee” payments made with the help of cryptocurrencies. In addition, the Central Bank of Honduras stated that it will continue to evaluate the feasibility of developing a central bank digital currency. According to previous news, Honduras may be the next country to officially recognize Bitcoin as legal tender after El Salvador. (U.today)[2022/3/24 14:14:43]

NFT platform Zora invests in Honduras wind farm, trying to get rid of Ethereum's carbon footprint: NFT platform Zora announced its support for the Cerro de Hula wind farm in Honduras and a project called Agrocortex (which is dedicated to protecting the Amazon rainforest), and compensated 20 tons of carbon emissions and 30 tons of carbon emissions. The Zora platform mainly trades NFT tokens, but due to the high energy cost of Ethereum, they hope to offset the emission cost of Ethereum through a dedicated carbon offset. In addition, Zora co-founder Dee Goens also revealed that the company has made donations through Offsetra to promote carbon offsets in the cryptocurrency industry. [2021/3/5 18:17:54]