Bitcoin

April

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.

Honduras Special Economic Zone Recognized Bitcoin as Unit of Account

TokenInsight

Other articles published on Jan 8, 2024

XRP Ledger struggles amidst surge in DDoS attack volume

Crypto ETF Race Heats Up: Major Players Submit Updated Filings to the SEC!

Shiba Inu Team Releases Step-By-Step Guide To Buy Shibarium-based NFTs

Facial Recognition System Aids in Apprehending Kazakh Citizen Behind Financial Pyramid Scheme in ...

Tech-Driven Transformation in the Food Industry: Focusing on Safety and Transparency

CoinsPaid Faces Second Security Breach in Six Months, Unauthorized Transactions Totaling $7.5 Mil...

Join our free newsletter for daily crypto updates!