Honduras’ Economic Zone Adopts Bitcoin As Legal Tender

A special economic zone on a tourist-centric island on Honduras’ Caribbean coast has adopted bitcoin and other cryptocurrencies as legal tender.

Called “Honduras Prospera,” the special zone was established in 2020 to help encourage investment, and has administrative, fiscal and budgetary autonomy.

The economic zone will also let municipalities, local governments and international firms issue bitcoin bonds from the area’s jurisdiction.

Honduras Prospera covers parts of the picturesque Roatan island as well as the city of La Ceiba on Honduras’ Atlantic Coast.

In Honduras, the Central Bank has said it cannot vouch for cryptocurrency transactions.

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