Honduras Special Economic Zone Recognized Bitcoin as Unit of Account

Honduras Special Economic Zone Recognized Bitcoin as Unit of Account
Source: Finbold

Próspera, a special economic zone in Roatan, Honduras, has officially recognized Bitcoin as a unit of account, meaning it can now be used to measure the market value of goods and services.

Jorge Colindres, the acting manager and tax commissioner of Próspera ZEDE (Zone for Employment and Economic Development), said the motive was to offer more financial fressdom to individuals and businesses operating in the area.

He also said entities will be able to report tax liabilities and pay the corresponding amounts in BTC after solving technoligical limitations with its eGovernance system as well as some external regulatory issues.

Próspera ZEDE was launched in May 2020 on the northern island of Roatan. The region made BTC legal tender in April 2022.

Source

Bitcoin

Policy and Regulation

In This Article

Related News
Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more Trump makes over $57 million from WLFI sales, Truth Social files for Bitcoin and Ethereum combo ETF, and more
FalconX partners with Standard Chartered to boost crypto offerings for institutional clients FalconX partners with Standard Chartered to boost crypto offerings for institutional clients
Bitcoin dominates global crypto funds' $882 million weekly inflows as Sui outperforms major altcoin products Bitcoin dominates global crypto funds' $882 million weekly inflows as Sui outperforms major altcoin products
Riot Platforms sells mined bitcoin for first time since January 2024, nets $38.8 million Riot Platforms sells mined bitcoin for first time since January 2024, nets $38.8 million
Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
Latest News More More
North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
2 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
June 20 Kraken offers bitcoin ‘staking’ yield via Babylon without wrapping or lending
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open