The Special Zone of Honduras officially recognizes Bitcoin as a unit of account

Prospera tax Commissioner, Jorge Colindres, said THE development would be develop THE financial And monetary freedom For people In THE area.

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Less that two years After adopt Bitcoin (BTC) as legal tender, Prospera, A special economic area In Roatan, Honduras, has officially recognized Bitcoin as A unit of account — meaning he can NOW be used has measure THE walk value of goods And service.

THE development was spearhead by Jorge Colindres, THE acting director And tax Commissioner of Prospera ZÉDE (Area For Job And Economic Development) on Jan. 5.

In A Jan. 7 job on X (Previously Twitter), Colindres said THE pattern was has offer more financial freedom has people And companies Operating In THE area.

"HAS @ProsperaZEDE We believe In THE RIGHT has financial freedom And monetary freedom. People should be free has to carry out transactions, TO DO their accounting And report taxes In THE currency of their free choice. »

X job Since Jorge Colindres on Jan. 7. Source: X

THE development means BTC can be used as A monetary unit has measure THE walk value of miscellaneous goods And services In THE Prospera area.

Colindres However said that he can't implement THE "Final BTC Tax Payment Procedure" has THE moment, quoting technological boundaries with It is Electronic governance system In addition has a few external regulatory problems.

For THE time be, tax Liabilities of Bitcoin Election entities will be determined In reference has BTC For internal accounting purposes but reported has Prospera ZÉDE In United States dollars Or THE Honduras lempira.

Once THE problems are resolved, Fr...