The Central Bank of Honduras (BCH) Bitcoin It put an end to rumors that it would recognize it as legitimate currency.
“Lempira Is The Only Legitimate Currency In Honduras”
The country’s central bank said in a statement in Spanish:
“Bitcoin is currently not regulated in our country. The Central Bank of Honduras is the only institution in Honduras that can issue legitimate currency, and that legitimate currency is Lempira only.”
The country’s statement was made in response to rumors on Twitter that Honduran president Xiomara Castro will announce Bitcoin as the legitimate currency in the country, similar to what El Salvador did last summer.
Recently, rumors spread that Bitcoin would be announced as the official currency in the country, and last Monday was shown as the date when the president of the country would make this announcement. With the rumors growing, the country’s central bank felt the need to make a statement on the subject.
“Payments Made with Bitcoin and Cryptocurrencies in the Country Are Not Audited and Not Guaranteed”
The country’s central bank, referring to two different official announcements issued in 2020 and 2021, on the territory of the country cryptocurrencies He reminded that the central bank does not have any control and guarantee regarding its use as a payment method.
In addition, the Central Bank of Honduras said that “studies and conceptual, technical and legal analysis” are ongoing to determine the feasibility of these currencies regarding issuing its own central bank digital currencies (CBDC).
*Not investment advice.